$51.40 Million in Sales Expected for Coupa Software Inc (COUP) This Quarter

Equities research analysts expect Coupa Software Inc (NASDAQ:COUP) to announce $51.40 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Coupa Software’s earnings. The lowest sales estimate is $51.14 million and the highest is $51.65 million. Coupa Software reported sales of $41.14 million in the same quarter last year, which would suggest a positive year over year growth rate of 24.9%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Monday, June 4th.

According to Zacks, analysts expect that Coupa Software will report full year sales of $229.06 million for the current fiscal year, with estimates ranging from $228.53 million to $230.58 million. For the next financial year, analysts anticipate that the business 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 calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Coupa Software.

Coupa Software (NASDAQ:COUP) last released its earnings results on Monday, March 12th. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.17. The firm had revenue of $53.80 million during the quarter, compared to analysts’ expectations of $48.64 million. Coupa Software had a negative return on equity of 19.30% and a negative net margin of 23.45%. The company’s revenue was up 41.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) EPS.

COUP has been the subject of several analyst reports. Zacks Investment Research upgraded Coupa Software from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Thursday, February 8th. Goldman Sachs Group initiated coverage on Coupa Software in a report on Monday, April 23rd. They issued a “buy” rating and a $60.00 price objective for the company. Barclays raised their price objective on Coupa Software from $38.00 to $47.00 and gave the company an “overweight” rating in a report on Monday, March 5th. Cantor Fitzgerald raised their price objective on Coupa Software from $38.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, March 13th. Finally, SunTrust Banks initiated coverage on Coupa Software in a report on Wednesday, January 31st. They issued a “buy” rating and a $45.00 price objective for the company. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Coupa Software has an average rating of “Buy” and an average target price of $47.12.

Shares of NASDAQ COUP opened at $52.12 on Friday. The stock has a market capitalization of $2.89 billion, a PE ratio of -68.58 and a beta of 1.15. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.18 and a quick ratio of 3.18. Coupa Software has a fifty-two week low of $28.52 and a fifty-two week high of $55.10.

In related news, insider Anthony D. Tiscornia sold 781 shares of the firm’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $48.66, for a total value of $38,003.46. Following the completion of the sale, the insider now directly owns 521 shares in the company, valued at approximately $25,351.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ravi Thakur sold 11,240 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $44.38, for a total transaction of $498,831.20. Following the completion of the sale, the senior vice president now owns 14,306 shares of the company’s stock, valued at $634,900.28. The disclosure for this sale can be found here. Insiders sold a total of 392,770 shares of company stock valued at $18,888,603 over the last quarter. 6.50% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its position in Coupa Software by 86,947.6% during the first quarter. Royal Bank of Canada now owns 147,981 shares of the technology company’s stock worth $6,751,000 after acquiring an additional 147,811 shares during the last quarter. Adams Street Partners LLC acquired a new stake in Coupa Software during the first quarter worth approximately $2,297,000. Alkeon Capital Management LLC acquired a new stake in Coupa Software during the first quarter worth approximately $60,296,000. Whale Rock Capital Management LLC acquired a new stake in Coupa Software during the first quarter worth approximately $88,552,000. Finally, Diker Management LLC acquired a new stake in Coupa Software during the first quarter worth approximately $4,279,000. Institutional investors and hedge funds own 93.03% of the company’s stock.

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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