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.
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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