$48.59 Million in Sales Expected for Coupa Software Inc (COUP) This Quarter

Brokerages expect Coupa Software Inc (NASDAQ:COUP) to announce $48.59 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Coupa Software’s earnings, with estimates ranging from $48.33 million to $48.68 million. Coupa Software posted sales of $38.02 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 27.8%. The company is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Coupa Software will report full-year sales of $48.59 million for the current fiscal year, with estimates ranging from $181.36 million to $181.71 million. For the next fiscal year, analysts expect that the company will report sales of $224.06 million per share, with estimates ranging from $221.36 million to $226.01 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Coupa Software.

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

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Coupa Software from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Thursday. SunTrust Banks assumed coverage on shares of Coupa Software in a research report on Wednesday, January 31st. They issued a “buy” rating and a $45.00 price target for the company. Morgan Stanley increased their price target on shares of Coupa Software from $35.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. They noted that the move was a valuation call. Northland Securities set a $41.00 price target on shares of Coupa Software and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, Needham & Company LLC assumed coverage on shares of Coupa Software in a research report on Wednesday, January 10th. They set a “buy” rating and a $39.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $38.52.

In related news, CFO Todd R. Ford sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $34.03, for a total transaction of $408,360.00. Following the transaction, the chief financial officer now owns 17,349 shares of the company’s stock, valued at $590,386.47. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert Bernshteyn sold 63,225 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $33.95, for a total transaction of $2,146,488.75. Following the transaction, the chief executive officer now directly owns 162,092 shares in the company, valued at approximately $5,503,023.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 346,229 shares of company stock worth $11,819,634. Insiders own 32.10% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of Coupa Software in the fourth quarter valued at approximately $233,000. Essex Investment Management Co. LLC bought a new position in shares of Coupa Software in the fourth quarter valued at approximately $242,000. Personal Capital Advisors Corp bought a new position in shares of Coupa Software in the fourth quarter valued at approximately $261,000. UBS Asset Management Americas Inc. bought a new position in shares of Coupa Software in the fourth quarter valued at approximately $268,000. Finally, Trexquant Investment LP bought a new position in shares of Coupa Software in the third quarter valued at approximately $274,000. 75.09% of the stock is currently owned by institutional investors.

Shares of Coupa Software (COUP) opened at $39.16 on Monday. The stock has a market cap of $2,155.64, a P/E ratio of -48.95 and a beta of 4.73. Coupa Software has a 52-week low of $22.50 and a 52-week high of $40.31.

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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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