Coupa Software (NASDAQ:COUP) issued an update on its FY 2019 earnings guidance on Monday morning. The company provided earnings per share guidance of $0.11-0.13 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.07. The company issued revenue guidance of $253-253.5 million, compared to the consensus revenue estimate of $244.69 million.Coupa Software also updated its Q4 2019 guidance to $0.00-0.00 EPS.
Shares of COUP traded up $4.37 during mid-day trading on Monday, reaching $68.80. The company’s stock had a trading volume of 2,859,645 shares, compared to its average volume of 842,654. Coupa Software has a 12-month low of $30.65 and a 12-month high of $84.53. The company has a market cap of $3.74 billion, a P/E ratio of -90.53 and a beta of 1.77.
Coupa Software (NASDAQ:COUP) last released its quarterly earnings results on Tuesday, September 4th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.13. The firm had revenue of $61.65 million for the quarter, compared to the consensus estimate of $56.61 million. Coupa Software had a negative return on equity of 16.73% and a negative net margin of 22.52%. Analysts forecast that Coupa Software will post -0.98 EPS for the current year.
In other Coupa Software news, CEO Robert Bernshteyn sold 63,225 shares of Coupa Software stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $56.06, for a total value of $3,544,393.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mark Riggs sold 644 shares of Coupa Software stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $65.00, for a total value of $41,860.00. Following the completion of the transaction, the insider now owns 1,141 shares in the company, valued at $74,165. The disclosure for this sale can be found here. Insiders sold a total of 294,248 shares of company stock worth $19,750,003 over the last quarter. Company insiders own 6.50% of the company’s stock.
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About Coupa Software
Coupa Software Incorporated provides cloud-based spend management platform. The company's platform connects organization with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability. Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company's spend; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.
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