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.

ILLEGAL ACTIVITY NOTICE: “COUPA SOFTWARE (COUP) Expected to Announce Quarterly Sales of $41.57 Million” was published by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/08/20/coupa-software-coup-expected-to-announce-quarterly-sales-of-41-57-million.html.

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.

Get a free copy of the Zacks research report on COUPA SOFTWARE (COUP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for COUPA SOFTWARE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for COUPA SOFTWARE and related companies with MarketBeat.com's FREE daily email newsletter.