Coupa Software Inc Forecasted to Post Q1 2021 Earnings of ($0.24) Per Share (NASDAQ:COUP)

Coupa Software Inc (NASDAQ:COUP) – SunTrust Banks issued their Q1 2021 EPS estimates for Coupa Software in a report issued on Monday, December 2nd. SunTrust Banks analyst T. Tillman expects that the technology company will post earnings per share of ($0.24) for the quarter. SunTrust Banks has a “Buy” rating and a $170.00 price target on the stock. SunTrust Banks also issued estimates for Coupa Software’s Q2 2021 earnings at ($0.24) EPS, Q3 2021 earnings at ($0.21) EPS and Q4 2021 earnings at ($0.22) EPS.

Several other research firms have also recently issued reports on COUP. Piper Jaffray Companies initiated coverage on shares of Coupa Software in a report on Monday, October 28th. They set an “overweight” rating and a $150.00 price target for the company. Royal Bank of Canada boosted their target price on Coupa Software from $135.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 4th. Goldman Sachs Group raised their price target on Coupa Software from $140.00 to $174.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Barclays lifted their price target on Coupa Software from $139.00 to $141.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, Mizuho started coverage on Coupa Software in a report on Thursday, October 10th. They set a “neutral” rating and a $140.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $156.13.

Shares of NASDAQ:COUP opened at $149.95 on Wednesday. Coupa Software has a fifty-two week low of $52.02 and a fifty-two week high of $159.97. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 1.25. The firm’s 50-day simple moving average is $140.26 and its 200-day simple moving average is $134.74. The company has a market cap of $9.65 billion, a price-to-earnings ratio of -223.81 and a beta of 1.59.

Coupa Software (NASDAQ:COUP) last announced its quarterly earnings data on Monday, December 2nd. The technology company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.14. Coupa Software had a negative net margin of 20.91% and a negative return on equity of 13.73%. The company had revenue of $101.78 million during the quarter, compared to the consensus estimate of $96.20 million. During the same quarter in the prior year, the firm earned $0.08 EPS. Coupa Software’s quarterly revenue was up 50.9% on a year-over-year basis.

In other Coupa Software news, Director Veenendaal Frank Van sold 2,598 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $129.47, for a total transaction of $336,363.06. Following the transaction, the director now directly owns 81,137 shares in the company, valued at approximately $10,504,807.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert Bernshteyn sold 63,225 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $137.19, for a total value of $8,673,837.75. Following the sale, the chief executive officer now owns 224,352 shares in the company, valued at approximately $30,778,850.88. The disclosure for this sale can be found here. Insiders have sold 313,054 shares of company stock valued at $44,044,494 in the last three months. Corporate insiders own 5.30% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC grew its position in Coupa Software by 39.7% in the second quarter. Nisa Investment Advisors LLC now owns 405 shares of the technology company’s stock worth $51,000 after acquiring an additional 115 shares in the last quarter. World Asset Management Inc purchased a new stake in Coupa Software during the 2nd quarter valued at $247,000. Virginia Retirement Systems ET AL purchased a new stake in Coupa Software during the 2nd quarter valued at $1,317,000. Optimum Investment Advisors bought a new stake in Coupa Software in the 2nd quarter worth $63,000. Finally, Advantage Investment Management LLC bought a new stake in Coupa Software in the 2nd quarter worth $25,000.

About Coupa Software

Coupa Software, Inc engages in providing business spend management (BSM) solutions. It offers cloud-based BSM platform that delivers a broad range of capabilities that would typically require the purchase and use of multiple disparate point applications. Its platform consists of procurement, invoicing, expense management and payments modules that form the transactional engine for managing a company’s business spend.

Further Reading: Straddles

Earnings History and Estimates for Coupa Software (NASDAQ:COUP)

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