Coupa Software (COUP) Releases Q4 Earnings Guidance

Coupa Software (NASDAQ:COUP) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of ($0.14-0.16) for the period, compared to the Thomson Reuters consensus estimate of ($0.17). The company issued revenue guidance of $48.3-48.8 million, compared to the consensus revenue estimate of $47.68 million.

Several analysts have weighed in on the company. Royal Bank Of Canada upped their target price on Coupa Software from $40.00 to $41.00 and gave the company an outperform rating in a report on Wednesday, September 6th. First Analysis assumed coverage on Coupa Software in a report on Monday, August 7th. They issued an overweight rating and a $37.00 target price on the stock. Barclays reaffirmed a hold rating and set a $38.00 price objective (up previously from $34.00) on shares of Coupa Software in a research note on Monday, November 27th. Zacks Investment Research lowered Coupa Software from a hold rating to a sell rating in a research note on Friday, September 8th. Finally, ValuEngine raised Coupa Software from a sell rating to a hold rating in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $35.66.

Coupa Software (NASDAQ COUP) opened at $33.62 on Tuesday. Coupa Software has a twelve month low of $22.50 and a twelve month high of $37.72.

Coupa Software (NASDAQ:COUP) last released its quarterly earnings data on Monday, December 4th. The technology company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.06. The company had revenue of $47.30 million for the quarter, compared to the consensus estimate of $45.02 million. Coupa Software had a negative return on equity of 19.01% and a negative net margin of 24.00%. The company’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same period last year, the business posted ($0.22) EPS. equities analysts predict that Coupa Software will post -1 EPS for the current fiscal year.

In related news, insider Anthony D. Tiscornia sold 2,344 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $31.37, for a total transaction of $73,531.28. Following the sale, the insider now directly owns 1,563 shares in the company, valued at approximately $49,031.31. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Todd R. Ford sold 12,000 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $31.56, for a total value of $378,720.00. Following the sale, the chief financial officer now owns 14,613 shares in the company, valued at $461,186.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 480,279 shares of company stock worth $15,821,352. Company insiders own 32.10% of the company’s stock.

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About Coupa Software

Coupa Software Incorporated is a United States-based company, which provides a unified, cloud-based spend management platform that connects organizations with suppliers globally. The Company offers spend management cloud applications, which are pre-integrated. The platform offers consumerized financial applications.

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