Equities analysts predict that Coupa Software Inc (NASDAQ:COUP) will announce sales of $51.40 million for the current quarter, Zacks reports. Five analysts have issued estimates for Coupa Software’s earnings, with estimates ranging from $51.14 million to $51.65 million. Coupa Software reported sales of $41.14 million during the same quarter last year, which indicates a positive year over year growth rate of 24.9%. The company is scheduled to report its next earnings results on Monday, June 4th.
On average, analysts expect that Coupa Software will report full year sales of $51.40 million for the current financial year, with estimates ranging from $228.53 million to $230.58 million. For the next fiscal year, analysts anticipate that the firm will post sales of $281.02 million per share, with estimates ranging from $277.65 million to $284.44 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Coupa Software.
Coupa Software (NASDAQ:COUP) last posted its earnings results on Monday, March 12th. The technology company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.17. Coupa Software had a negative net margin of 23.45% and a negative return on equity of 20.33%. The firm had revenue of $53.80 million during the quarter, compared to analysts’ expectations of $48.64 million. During the same period last year, the company posted ($0.05) EPS. The company’s quarterly revenue was up 41.5% compared to the same quarter last year.
Shares of Coupa Software (NASDAQ:COUP) opened at $46.35 on Friday. Coupa Software has a 12-month low of $22.50 and a 12-month high of $50.69. The company has a market cap of $2,578.38, a PE ratio of -55.84 and a beta of 1.29.
In related news, CEO Robert Bernshteyn sold 1,849 shares of Coupa Software stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $32.32, for a total transaction of $59,759.68. Following the completion of the transaction, the chief executive officer now directly owns 135,868 shares of the company’s stock, valued at approximately $4,391,253.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CRO Steven M. Winter sold 11,336 shares of Coupa Software stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $48.85, for a total transaction of $553,763.60. Following the transaction, the executive now directly owns 12,480 shares of the company’s stock, valued at $609,648. The disclosure for this sale can be found here. Over the last three months, insiders have sold 224,645 shares of company stock valued at $8,693,319. 32.10% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in COUP. Northern Trust Corp increased its stake in Coupa Software by 83.7% during the 2nd quarter. Northern Trust Corp now owns 162,030 shares of the technology company’s stock valued at $4,695,000 after purchasing an additional 73,839 shares in the last quarter. State Street Corp increased its stake in Coupa Software by 299.8% during the 2nd quarter. State Street Corp now owns 520,042 shares of the technology company’s stock valued at $15,070,000 after purchasing an additional 389,965 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Coupa Software by 211.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,904 shares of the technology company’s stock valued at $693,000 after purchasing an additional 16,226 shares in the last quarter. California State Teachers Retirement System increased its stake in Coupa Software by 205.2% during the 2nd quarter. California State Teachers Retirement System now owns 52,800 shares of the technology company’s stock valued at $1,530,000 after purchasing an additional 35,500 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in Coupa Software during the 3rd quarter valued at about $1,280,000. Institutional investors and hedge funds own 88.39% of the company’s stock.
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About Coupa Software
Coupa Software Incorporated is a United States-based company, which provides a unified, cloud-based spend management platform that connects organizations with suppliers globally. The Company offers spend management cloud applications, which are pre-integrated. The platform offers consumerized financial applications.
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