Brokerages Expect Coupa Software Inc (COUP) Will Post Quarterly Sales of $68.07 Million

Brokerages expect Coupa Software Inc (NASDAQ:COUP) to announce sales of $68.07 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Coupa Software’s earnings, with estimates ranging from $67.80 million to $68.19 million. Coupa Software posted sales of $53.75 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 26.6%. The business is expected to announce its next earnings results on Monday, March 11th.

On average, analysts expect that Coupa Software will report full year sales of $252.01 million for the current fiscal year, with estimates ranging from $244.44 million to $253.65 million. For the next year, analysts forecast that the company will report sales of $309.87 million, with estimates ranging from $298.53 million to $316.15 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Coupa Software.

Coupa Software (NASDAQ:COUP) last issued its quarterly earnings data on Monday, December 3rd. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.11. The firm had revenue of $67.46 million for the quarter, compared to analyst estimates of $62.59 million. Coupa Software had a negative net margin of 19.93% and a negative return on equity of 14.03%. Coupa Software’s revenue was up 42.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.05) EPS.

Several brokerages recently issued reports on COUP. Zacks Investment Research upgraded shares of Coupa Software from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a report on Thursday, December 6th. Cantor Fitzgerald reiterated a “buy” rating and set a $92.00 price target on shares of Coupa Software in a research note on Sunday. Loop Capital upgraded shares of Coupa Software from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Friday, November 30th. UBS Group cut their price target on shares of Coupa Software from $90.00 to $80.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 4th. Finally, Barclays boosted their price target on shares of Coupa Software from $69.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 4th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $65.38.

In other news, CFO Todd R. Ford sold 12,500 shares of the stock in a transaction on Monday, November 19th. The shares were sold at an average price of $56.08, for a total value of $701,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CRO Steven M. Winter sold 11,336 shares of the stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $64.59, for a total transaction of $732,192.24. Following the completion of the sale, the executive now directly owns 11,357 shares in the company, valued at approximately $733,548.63. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 229,027 shares of company stock worth $13,811,947. 6.50% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Coupa Software by 11.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,610,782 shares of the technology company’s stock worth $364,712,000 after buying an additional 467,714 shares during the last quarter. Vanguard Group Inc grew its stake in Coupa Software by 11.3% in the third quarter. Vanguard Group Inc now owns 4,610,782 shares of the technology company’s stock valued at $364,712,000 after purchasing an additional 467,714 shares in the last quarter. Morgan Stanley grew its stake in Coupa Software by 3.8% in the third quarter. Morgan Stanley now owns 3,733,253 shares of the technology company’s stock valued at $295,300,000 after purchasing an additional 137,624 shares in the last quarter. BlackRock Inc. grew its stake in Coupa Software by 14.4% in the third quarter. BlackRock Inc. now owns 3,480,491 shares of the technology company’s stock valued at $275,308,000 after purchasing an additional 438,131 shares in the last quarter. Finally, FMR LLC grew its stake in Coupa Software by 42.3% in the second quarter. FMR LLC now owns 1,774,407 shares of the technology company’s stock valued at $110,439,000 after purchasing an additional 527,529 shares in the last quarter. 94.52% of the stock is currently owned by institutional investors and hedge funds.

COUP traded up $4.79 on Friday, hitting $73.62. The company had a trading volume of 3,939,493 shares, compared to its average volume of 1,421,680. The firm has a market cap of $4.06 billion, a P/E ratio of -96.87 and a beta of 1.34. Coupa Software has a 1 year low of $34.80 and a 1 year high of $84.53.

Coupa Software Company Profile

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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