Brokerages forecast that Coupa Software (NASDAQ:COUP) will report $47.51 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Coupa Software’s earnings, with estimates ranging from $47.15 million to $47.73 million. Coupa Software reported sales of $38.02 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 25%. The business is scheduled to report its next earnings report on Monday, December 4th.

On average, analysts expect that Coupa Software will report full year sales of $47.51 million for the current year, with estimates ranging from $177.98 million to $178.36 million. For the next year, analysts anticipate that the company will post sales of $220.52 million per share, with estimates ranging from $218.00 million to $225.62 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Coupa Software.

Coupa Software (NASDAQ:COUP) last posted its earnings results on Monday, December 4th. The technology company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. The business had revenue of $47.30 million for the quarter, compared to the consensus estimate of $45.02 million. Coupa Software had a negative net margin of 24.37% and a negative return on equity of 20.71%. The company’s revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.22) EPS.

A number of research analysts have commented on the stock. Northland Securities reissued a “buy” rating and set a $38.00 target price on shares of Coupa Software in a research report on Thursday, August 10th. ValuEngine raised shares of Coupa Software from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Barclays reissued a “hold” rating and set a $38.00 target price (up previously from $34.00) on shares of Coupa Software in a research report on Monday, November 27th. Zacks Investment Research raised shares of Coupa Software from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $36.00 target price on shares of Coupa Software in a research report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $35.66.

In related news, insider Ravi Thakur sold 11,240 shares of Coupa Software stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $35.90, for a total value of $403,516.00. Following the completion of the sale, the insider now directly owns 13,436 shares in the company, valued at approximately $482,352.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert Bernshteyn sold 63,225 shares of Coupa Software stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $35.71, for a total transaction of $2,257,764.75. Following the completion of the sale, the chief executive officer now owns 239,671 shares of the company’s stock, valued at $8,558,651.41. The disclosure for this sale can be found here. Insiders sold a total of 491,519 shares of company stock valued at $16,224,868 over the last quarter. 32.10% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA boosted its stake in Coupa Software by 2,294.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock worth $106,000 after purchasing an additional 3,511 shares in the last quarter. American International Group Inc. acquired a new stake in Coupa Software in the 1st quarter worth approximately $132,000. Hillsdale Investment Management Inc. acquired a new stake in Coupa Software during the 2nd quarter valued at approximately $142,000. Trexquant Investment LP acquired a new stake in Coupa Software during the 3rd quarter valued at approximately $274,000. Finally, Symmetry Peak Management LLC acquired a new stake in Coupa Software during the 2nd quarter valued at approximately $290,000. Institutional investors own 76.68% of the company’s stock.

Coupa Software (NASDAQ COUP) opened at $32.58 on Wednesday. Coupa Software has a 12-month low of $22.50 and a 12-month high of $37.72.

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Coupa Software Company Profile

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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