Coupa Software (NASDAQ:COUP) updated its fourth quarter 2019 earnings guidance on Monday. The company provided earnings per share guidance of $0.00-0.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.09. The company issued revenue guidance of $67.8-68.3 million, compared to the consensus revenue estimate of $64.05 million.Coupa Software also updated its FY 2019 guidance to $0.11-0.13 EPS.
A number of equities analysts recently weighed in on the stock. Loop Capital raised shares of Coupa Software from a hold rating to a buy rating and set a $72.00 price target on the stock in a report on Friday. Barclays upped their price objective on shares of Coupa Software from $53.00 to $58.00 and gave the company an equal weight rating in a report on Wednesday, August 15th. Oppenheimer upped their price objective on shares of Coupa Software from $62.00 to $77.00 and gave the company an outperform rating in a report on Wednesday, August 29th. Zacks Investment Research raised shares of Coupa Software from a hold rating to a buy rating and set a $70.00 price objective on the stock in a report on Monday, August 6th. Finally, Raymond James upped their price objective on shares of Coupa Software from $60.00 to $86.00 and gave the company an outperform rating in a report on Wednesday, September 5th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $63.69.
Shares of COUP stock traded up $4.37 during trading on Monday, hitting $68.80. The company had a trading volume of 2,856,960 shares, compared to its average volume of 842,654. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of -90.53 and a beta of 1.77. Coupa Software has a 52 week low of $30.65 and a 52 week high of $84.53.
In other news, CEO Robert Bernshteyn sold 63,225 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $56.06, for a total value of $3,544,393.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Anthony D. Tiscornia sold 781 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $78.06, for a total transaction of $60,964.86. Following the completion of the transaction, the insider now owns 521 shares in the company, valued at approximately $40,669.26. The disclosure for this sale can be found here. Insiders sold 294,248 shares of company stock worth $19,750,003 in the last 90 days. 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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