$85.17 Million in Sales Expected for Coupa Software Inc (NASDAQ:COUP) This Quarter

Brokerages expect that Coupa Software Inc (NASDAQ:COUP) will announce sales of $85.17 million for the current quarter, according to Zacks. Six analysts have made estimates for Coupa Software’s earnings. The lowest sales estimate is $84.96 million and the highest is $85.50 million. Coupa Software reported sales of $61.65 million in the same quarter last year, which indicates a positive year over year growth rate of 38.2%. The company is scheduled to report its next quarterly earnings report on Tuesday, September 3rd.

According to Zacks, analysts expect that Coupa Software will report full-year sales of $344.33 million for the current financial year, with estimates ranging from $343.40 million to $345.80 million. For the next year, analysts forecast that the business will report sales of $435.15 million, with estimates ranging from $420.36 million to $452.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Coupa Software.

Coupa Software (NASDAQ:COUP) last issued its earnings results on Monday, June 3rd. The technology company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.29. The company had revenue of $81.30 million for the quarter, compared to the consensus estimate of $73.85 million. Coupa Software had a negative net margin of 21.22% and a negative return on equity of 14.29%. Coupa Software’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.01) earnings per share.



A number of research firms have recently issued reports on COUP. Barclays boosted their price target on shares of Coupa Software from $95.00 to $101.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 4th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th. KeyCorp boosted their price target on shares of Coupa Software from $130.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday. Needham & Company LLC reissued a “buy” rating and issued a $140.00 price target (up from $120.00) on shares of Coupa Software in a research note on Thursday, June 27th. Finally, Morgan Stanley set a $17.00 price target on shares of BOX and gave the company a “hold” rating in a research note on Tuesday, June 4th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $115.94.

In related news, CFO Todd R. Ford sold 112,500 shares of Coupa Software stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $118.50, for a total value of $13,331,250.00. Following the completion of the transaction, the chief financial officer now owns 30,595 shares in the company, valued at $3,625,507.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anthony D. Tiscornia sold 260 shares of Coupa Software stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $118.81, for a total transaction of $30,890.60. Following the completion of the transaction, the chief accounting officer now owns 260 shares of the company’s stock, valued at approximately $30,890.60. The disclosure for this sale can be found here. Insiders sold 409,306 shares of company stock valued at $49,955,842 in the last 90 days. Company insiders own 5.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC grew its holdings in Coupa Software by 39.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 405 shares of the technology company’s stock worth $51,000 after acquiring an additional 115 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Coupa Software by 4.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,814 shares of the technology company’s stock valued at $256,000 after buying an additional 121 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Coupa Software by 58.1% in the 4th quarter. Captrust Financial Advisors now owns 438 shares of the technology company’s stock valued at $28,000 after buying an additional 161 shares in the last quarter. First Hawaiian Bank boosted its holdings in shares of Coupa Software by 8.9% in the 2nd quarter. First Hawaiian Bank now owns 3,320 shares of the technology company’s stock valued at $420,000 after buying an additional 270 shares in the last quarter. Finally, Caxton Associates LP boosted its holdings in shares of Coupa Software by 8.3% in the 4th quarter. Caxton Associates LP now owns 3,988 shares of the technology company’s stock valued at $251,000 after buying an additional 307 shares in the last quarter. Institutional investors own 99.14% of the company’s stock.

Shares of Coupa Software stock traded down $1.86 on Friday, reaching $143.91. The company had a trading volume of 956,535 shares, compared to its average volume of 1,726,443. The business has a 50 day simple moving average of $126.94. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of -214.79 and a beta of 1.61. Coupa Software has a 52-week low of $52.01 and a 52-week high of $148.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.07.

Coupa Software Company Profile

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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