COUPA SOFTWARE (COUP) Expected to Announce Quarterly Sales of $41.57 Million
Wall Street analysts forecast that COUPA SOFTWARE (NASDAQ:COUP) will announce $41.57 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for COUPA SOFTWARE’s earnings. The highest sales estimate is $41.61 million and the lowest is $41.51 million. The business is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, September 5th.
On average, analysts expect that COUPA SOFTWARE will report full-year sales of $41.57 million for the current fiscal year, with estimates ranging from $173.54 million to $174.74 million. For the next financial year, analysts anticipate that the company will report sales of $213.61 million per share, with estimates ranging from $211.72 million to $215.84 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for COUPA SOFTWARE.
COUPA SOFTWARE (NASDAQ:COUP) last announced its quarterly earnings data on Monday, June 5th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.05. The company had revenue of $41.10 million for the quarter, compared to the consensus estimate of $38.33 million. During the same period last year, the business posted ($1.76) earnings per share. The firm’s quarterly revenue was up 40.8% compared to the same quarter last year.
Several equities analysts recently commented on COUP shares. Zacks Investment Research upgraded shares of COUPA SOFTWARE from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. Cantor Fitzgerald started coverage on shares of COUPA SOFTWARE in a report on Thursday, July 20th. They set an “overweight” rating and a $35.00 price target on the stock. Northland Securities reiterated a “buy” rating and set a $38.00 price target on shares of COUPA SOFTWARE in a report on Thursday, August 10th. Barclays PLC upped their price target on shares of COUPA SOFTWARE from $28.00 to $32.00 and gave the company an “equal weight” rating in a report on Tuesday, June 6th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a $31.00 price target (up from $27.00) on shares of COUPA SOFTWARE in a report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. COUPA SOFTWARE currently has an average rating of “Hold” and an average target price of $34.45.
In other COUPA SOFTWARE news, insider Ravi Thakur sold 11,240 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $29.03, for a total value of $326,297.20. Following the transaction, the insider now directly owns 68,175 shares in the company, valued at approximately $1,979,120.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Ix Lp Mdv sold 1,662,000 shares of the company’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $31.25, for a total transaction of $51,937,500.00. The disclosure for this sale can be found here. Insiders sold a total of 1,851,944 shares of company stock worth $57,689,982 over the last 90 days. Insiders own 32.10% of the company’s stock.
A number of institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its position in shares of COUPA SOFTWARE by 2,294.8% in the second quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock worth $106,000 after buying an additional 3,511 shares in the last quarter. Nationwide Fund Advisors increased its position in shares of COUPA SOFTWARE by 22.7% in the first quarter. Nationwide Fund Advisors now owns 5,131 shares of the technology company’s stock worth $130,000 after buying an additional 949 shares in the last quarter. American International Group Inc. bought a new position in shares of COUPA SOFTWARE during the first quarter worth approximately $132,000. Hillsdale Investment Management Inc. bought a new position in shares of COUPA SOFTWARE during the second quarter worth approximately $142,000. Finally, Metropolitan Life Insurance Co. NY bought a new position in shares of COUPA SOFTWARE during the fourth quarter worth approximately $260,000. Institutional investors and hedge funds own 54.10% of the company’s stock.
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COUPA SOFTWARE (NASDAQ:COUP) opened at 29.84 on Friday. The company’s market capitalization is $1.58 billion. COUPA SOFTWARE has a 52 week low of $22.50 and a 52 week high of $41.61. The stock’s 50 day moving average price is $30.26 and its 200-day moving average price is $28.88.
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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