Coupa Software (COUP) Releases Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Coupa Software (NASDAQ:COUP) released its earnings results on Monday. The technology company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.11, Briefing.com reports. Coupa Software had a negative net margin of 22.52% and a negative return on equity of 16.73%. The firm had revenue of $67.46 million for the quarter, compared to the consensus estimate of $62.59 million. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. The company’s quarterly revenue was up 42.5% compared to the same quarter last year.

Coupa Software stock opened at $68.80 on Tuesday. The firm has a market cap of $3.74 billion, a P/E 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 related news, Director Veenendaal Frank Van sold 1,000 shares of the company’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $80.30, for a total transaction of $80,300.00. Following the sale, the director now owns 123,635 shares of the company’s stock, valued at $9,927,890.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mark Riggs sold 644 shares of the company’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $65.00, for a total transaction of $41,860.00. Following the sale, the insider now directly owns 1,141 shares in the company, valued at approximately $74,165. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 284,248 shares of company stock worth $19,036,803. 6.50% of the stock is owned by insiders.

Several research firms have recently commented on COUP. Loop Capital raised shares of Coupa Software from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Friday. Barclays boosted their target price on shares of Coupa Software from $53.00 to $58.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 15th. Oppenheimer boosted their target price on shares of Coupa Software from $62.00 to $77.00 and gave the stock 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 target price on the stock in a report on Monday, August 6th. Finally, Raymond James boosted their target price on shares of Coupa Software from $60.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, September 5th. Seven 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 an average target price of $63.69.

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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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Earnings History for Coupa Software (NASDAQ:COUP)

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