$96.52 Million in Sales Expected for Coupa Software Inc (NASDAQ:COUP) This Quarter

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Brokerages expect that Coupa Software Inc (NASDAQ:COUP) will post $96.52 million in sales for the current quarter, Zacks reports. Six analysts have provided 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 issue 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 financial year, with estimates ranging from $370.36 million to $381.20 million. For the next financial year, analysts expect that the company will post sales of $477.47 million, with estimates ranging from $453.54 million to $503.00 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Coupa Software.

Coupa Software (NASDAQ:COUP) last issued its quarterly earnings results on Tuesday, September 3rd. The technology company reported ($0.25) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.44) by $0.19. The business had revenue of $95.00 million for the quarter, compared to analysts’ expectations of $85.38 million. Coupa Software had a negative net margin of 20.91% and a negative return on equity of 13.73%. The company’s revenue was up 54.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.05 EPS.

Several research analysts have recently weighed in on the stock. Northland Securities set a $150.00 price target on shares of Coupa Software and gave the stock a “hold” rating in a research note on Wednesday, September 4th. Morgan Stanley set a $146.00 price objective on shares of Coupa Software and gave the company a “hold” rating in a research report on Thursday, September 26th. Evercore ISI assumed coverage on shares of Coupa Software in a research report on Thursday, September 26th. They set an “outperform” rating and a $180.00 price objective on the stock. Canaccord Genuity assumed coverage on shares of Coupa Software in a research report on Thursday, September 12th. They set a “buy” rating and a $171.00 price objective on the stock. Finally, JPMorgan Chase & Co. set a $90.00 price objective on shares of Coupa Software and gave the company a “hold” rating in a research report on Friday, August 30th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Coupa Software presently has an average rating of “Buy” and an average price target of $154.90.

In other Coupa Software news, insider Anthony D. Tiscornia sold 260 shares of Coupa Software stock in a transaction on Monday, August 12th. The shares were sold at an average price of $136.50, for a total value of $35,490.00. Following the sale, the insider now directly owns 260 shares in the company, valued at approximately $35,490. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Henry Tayloe Stansbury sold 10,000 shares of Coupa Software stock in a transaction on Monday, October 7th. The shares were sold at an average price of $150.96, for a total transaction of $1,509,600.00. Following the completion of the sale, the director now owns 18,307 shares in the company, valued at $2,763,624.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 296,718 shares of company stock worth $41,491,036. 5.30% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in Coupa Software in the 3rd quarter valued at $217,000. River & Mercantile Asset Management LLP bought a new stake in Coupa Software in the 2nd quarter valued at $561,000. Polar Asset Management Partners Inc. bought a new stake in Coupa Software in the 2nd quarter valued at $6,660,000. Treasurer of the State of North Carolina bought a new stake in shares of Coupa Software in the 2nd quarter worth about $3,110,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Coupa Software in the 2nd quarter worth about $87,000.

Shares of Coupa Software stock opened at $157.30 on Friday. The company’s fifty day simple moving average is $140.27 and its 200-day simple moving average is $123.10. The stock has a market capitalization of $9.43 billion, a PE ratio of -234.78 and a beta of 1.58. Coupa Software has a 1-year low of $52.01 and a 1-year high of $159.40. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.13 and a quick ratio of 2.13.

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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