Analysts Expect Coupa Software Inc (COUP) Will Post Quarterly Sales of $48.53 Million

Analysts expect that Coupa Software Inc (NASDAQ:COUP) will post $48.53 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Coupa Software’s earnings, with the lowest sales estimate coming in at $48.33 million and the highest estimate coming in at $48.65 million. Coupa Software reported sales of $38.02 million in the same quarter last year, which would suggest a positive year over year growth rate of 27.6%. The company is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Coupa Software will report full-year sales of $48.53 million for the current year, with estimates ranging from $181.36 million to $181.70 million. For the next year, analysts anticipate that the firm will report sales of $222.60 million per share, with estimates ranging from $221.36 million to $223.61 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Coupa Software.

Coupa Software (NASDAQ:COUP) last released its earnings results on Monday, December 4th. The technology company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.06. The company had revenue of $47.30 million during the quarter, compared to the consensus estimate of $45.02 million. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. Coupa Software’s revenue was up 33.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.22) EPS.

Several equities analysts have weighed in on the company. ValuEngine raised Coupa Software from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Barclays reaffirmed a “hold” rating and issued a $38.00 target price (up from $34.00) on shares of Coupa Software in a research report on Monday, November 27th. Zacks Investment Research raised Coupa Software from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Cantor Fitzgerald reissued a “buy” rating and set a $38.00 price objective on shares of Coupa Software in a research report on Monday, December 11th. Finally, Raymond James Financial reissued a “buy” rating and set a $40.00 price objective on shares of Coupa Software in a research report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. Coupa Software has a consensus rating of “Buy” and a consensus target price of $36.53.

In related news, CEO Robert Bernshteyn sold 63,225 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $35.71, for a total value of $2,257,764.75. Following the completion of the transaction, the chief executive officer now directly owns 239,671 shares of the company’s stock, valued at $8,558,651.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Todd R. Ford sold 1,446 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $32.32, for a total value of $46,734.72. Following the completion of the transaction, the chief financial officer now directly owns 8,082 shares of the company’s stock, valued at $261,210.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 521,281 shares of company stock valued at $17,336,977. Corporate insiders own 32.10% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its holdings in Coupa Software by 2,294.8% in the second quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock valued at $106,000 after purchasing an additional 3,511 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in Coupa Software in the second quarter valued at approximately $142,000. Trexquant Investment LP purchased a new stake in Coupa Software in the third quarter valued at approximately $274,000. Symmetry Peak Management LLC purchased a new stake in Coupa Software in the second quarter valued at approximately $290,000. Finally, Legal & General Group Plc lifted its stake in Coupa Software by 436.1% in the second quarter. Legal & General Group Plc now owns 10,792 shares of the technology company’s stock valued at $312,000 after buying an additional 8,779 shares during the last quarter. 74.67% of the stock is owned by hedge funds and other institutional investors.

Coupa Software (NASDAQ:COUP) traded down $0.18 during midday trading on Friday, reaching $31.87. The company’s stock had a trading volume of 253,578 shares, compared to its average volume of 444,353. The firm has a market cap of $1,740.00 and a P/E ratio of -31.87. Coupa Software has a 52 week low of $22.50 and a 52 week high of $37.72.

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Coupa Software Company Profile

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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