Coupa Software Inc (NASDAQ:COUP) Expected to Announce Quarterly Sales of $96.52 Million

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Equities analysts expect that Coupa Software Inc (NASDAQ:COUP) will report sales of $96.52 million for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Coupa Software’s earnings, with estimates ranging from $95.88 million to $98.90 million. Coupa Software posted sales of $67.46 million in the same quarter last year, which suggests a positive year-over-year growth rate of 43.1%. The company is expected to announce its next earnings report on Monday, December 2nd.

According to Zacks, analysts expect that Coupa Software will report full-year sales of $372.90 million for the current fiscal year, with estimates ranging from $370.36 million to $381.20 million. For the next year, analysts expect that the business will report sales of $477.47 million, with estimates ranging from $453.54 million to $503.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Coupa Software.

Coupa Software (NASDAQ:COUP) last announced its quarterly earnings results on Tuesday, September 3rd. The technology company reported ($0.25) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.44) by $0.19. The business had revenue of $95.00 million for the quarter, compared to analyst estimates of $85.38 million. Coupa Software had a negative return on equity of 13.73% and a negative net margin of 20.91%. Coupa Software’s quarterly revenue was up 54.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.05 EPS.

Several analysts recently commented on COUP shares. Cantor Fitzgerald set a $166.00 price target on Coupa Software and gave the company a “buy” rating in a research note on Wednesday, September 4th. Morgan Stanley set a $146.00 price objective on Coupa Software and gave the stock a “hold” rating in a research note on Thursday, September 26th. JPMorgan Chase & Co. set a $90.00 price objective on Coupa Software and gave the stock a “hold” rating in a research note on Friday, August 30th. FBN Securities began coverage on Coupa Software in a research note on Tuesday, September 17th. They issued an “outperform” rating and a $165.00 price objective on the stock. Finally, Evercore ISI began coverage on Coupa Software in a research note on Thursday, September 26th. They issued an “outperform” rating and a $180.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $154.23.

COUP stock traded down $9.01 during trading on Friday, hitting $127.89. The company had a trading volume of 4,737,617 shares, compared to its average volume of 1,671,058. The company has a fifty day moving average price of $141.38 and a two-hundred day moving average price of $124.91. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 1.25. The company has a market cap of $9.72 billion, a P/E ratio of -190.88 and a beta of 1.58. Coupa Software has a fifty-two week low of $52.01 and a fifty-two week high of $159.97.

In other news, CRO Steven M. Winter sold 11,336 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $158.47, for a total transaction of $1,796,415.92. Following the completion of the sale, the executive now owns 15,492 shares in the company, valued at $2,455,017.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert Bernshteyn sold 63,225 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $137.17, for a total value of $8,672,573.25. Following the sale, the chief executive officer now owns 224,352 shares of the company’s stock, valued at approximately $30,774,363.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 232,329 shares of company stock valued at $32,411,195. 5.30% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advantage Investment Management LLC bought a new stake in Coupa Software in the second quarter valued at about $25,000. Patriot Financial Group Insurance Agency LLC bought a new stake in Coupa Software in the second quarter valued at about $40,000. Destination Wealth Management bought a new stake in Coupa Software in the second quarter valued at about $44,000. Neuburgh Advisers LLC increased its holdings in Coupa Software by 100.0% in the second quarter. Neuburgh Advisers LLC now owns 352 shares of the technology company’s stock valued at $45,000 after purchasing an additional 176 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Coupa Software by 39.7% in the second quarter. Nisa Investment Advisors LLC now owns 405 shares of the technology company’s stock valued at $51,000 after purchasing an additional 115 shares during the last quarter.

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.

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

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