Coupa Software (NASDAQ:COUP) announced its quarterly earnings data on Monday. The technology company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.08, Morningstar.com reports. The company had revenue of $74.91 million during the quarter, compared to the consensus estimate of $68.07 million. Coupa Software had a negative net margin of 19.93% and a negative return on equity of 14.03%. Coupa Software updated its Q1 2020 guidance to $-0.06–0.03 EPS and its FY 2020 guidance to $0.04-0.10 EPS.
COUP traded down $4.55 during mid-day trading on Tuesday, reaching $89.02. 48,676 shares of the stock were exchanged, compared to its average volume of 1,465,203. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of -119.70 and a beta of 1.88. Coupa Software has a 1 year low of $43.89 and a 1 year high of $99.64.
Several analysts have recently commented on COUP shares. Goldman Sachs Group started coverage on shares of Coupa Software in a research report on Friday, February 1st. They set a “buy” rating and a $96.00 price objective for the company. Cantor Fitzgerald reaffirmed a “buy” rating and set a $92.00 price objective on shares of Coupa Software in a research report on Sunday, January 13th. Loop Capital raised their price objective on shares of Coupa Software to $85.00 and gave the stock a “buy” rating in a research report on Thursday, January 24th. UBS Group reduced their price objective on shares of Coupa Software from $90.00 to $80.00 and set an “outperform” rating for the company in a research report on Tuesday, December 4th. Finally, Barclays raised their price objective on shares of Coupa Software from $69.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 4th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $79.13.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors raised its stake in shares of Coupa Software by 58.1% during the 4th quarter. Captrust Financial Advisors now owns 438 shares of the technology company’s stock worth $28,000 after purchasing an additional 161 shares during the period. Caxton Associates LP raised its stake in shares of Coupa Software by 8.3% during the 4th quarter. Caxton Associates LP now owns 3,988 shares of the technology company’s stock worth $251,000 after purchasing an additional 307 shares during the period. Karp Capital Management Corp bought a new stake in shares of Coupa Software during the 4th quarter worth $31,000. PRW Wealth Management LLC bought a new stake in shares of Coupa Software during the 4th quarter worth $34,000. Finally, American International Group Inc. raised its stake in shares of Coupa Software by 1.7% during the 4th quarter. American International Group Inc. now owns 35,905 shares of the technology company’s stock worth $2,257,000 after purchasing an additional 617 shares during the period. Institutional investors own 97.84% of the company’s stock.
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Coupa Software Company Profile
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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