Coupa Software Inc (COUP) Expected to Post Earnings of -$0.15 Per Share

Wall Street brokerages expect that Coupa Software Inc (NASDAQ:COUP) will post ($0.15) earnings per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Coupa Software’s earnings. The highest EPS estimate is ($0.14) and the lowest is ($0.15). Coupa Software posted earnings of ($0.05) per share during the same quarter last year, which indicates a negative year over year growth rate of 200%. The business is scheduled to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Coupa Software will report full-year earnings of ($0.39) per share for the current fiscal year, with EPS estimates ranging from ($0.40) to ($0.38). For the next financial year, analysts expect that the firm will post earnings of ($0.30) per share, with EPS estimates ranging from ($0.38) to ($0.23). Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Coupa Software.

Coupa Software (NASDAQ:COUP) last released its earnings results on Monday, December 4th. The technology company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.06. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. The firm had revenue of $47.30 million during the quarter, compared to analysts’ expectations of $45.02 million. During the same period in the prior year, the company earned ($0.22) earnings per share. The company’s quarterly revenue was up 33.6% on a year-over-year basis.

Several research analysts recently issued reports on COUP shares. Royal Bank of Canada reiterated a “buy” rating and set a $41.00 price target on shares of Coupa Software in a report on Wednesday, November 15th. Zacks Investment Research upgraded Coupa Software from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Thursday, December 7th. Cantor Fitzgerald reiterated a “buy” rating and set a $36.00 price target on shares of Coupa Software in a report on Tuesday, December 5th. Oppenheimer started coverage on Coupa Software in a report on Thursday, December 21st. They set a “buy” rating and a $41.00 price target for the company. Finally, Raymond James Financial reiterated a “buy” rating and set a $40.00 price target on shares of Coupa Software in a report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $38.52.

In other Coupa Software news, insider Anthony D. Tiscornia sold 781 shares of Coupa Software stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $33.18, for a total transaction of $25,913.58. Following the transaction, the insider now owns 521 shares of the company’s stock, valued at approximately $17,286.78. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert Bernshteyn sold 63,225 shares of Coupa Software stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $33.95, for a total transaction of $2,146,488.75. Following the transaction, the chief executive officer now directly owns 162,092 shares in the company, valued at approximately $5,503,023.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 358,346 shares of company stock worth $12,221,222. 32.10% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of COUP. Vanguard Group Inc. raised its holdings in shares of Coupa Software by 260.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,700,303 shares of the technology company’s stock worth $78,254,000 after purchasing an additional 1,950,862 shares during the period. Sylebra HK Co Ltd raised its holdings in shares of Coupa Software by 79.9% in the 3rd quarter. Sylebra HK Co Ltd now owns 2,166,792 shares of the technology company’s stock worth $67,496,000 after purchasing an additional 962,418 shares during the period. Victory Capital Management Inc. purchased a new position in Coupa Software in the 3rd quarter valued at approximately $24,428,000. Janus Henderson Group PLC purchased a new position in Coupa Software in the 2nd quarter valued at approximately $18,242,000. Finally, Soma Equity Partners LP grew its stake in Coupa Software by 60.0% in the 3rd quarter. Soma Equity Partners LP now owns 1,120,000 shares of the technology company’s stock valued at $34,888,000 after buying an additional 420,000 shares in the last quarter. 75.09% of the stock is currently owned by institutional investors.

Shares of Coupa Software (NASDAQ:COUP) remained flat at $$39.16 on Friday. 1,030,000 shares of the company’s stock traded hands, compared to its average volume of 605,651. Coupa Software has a 52-week low of $22.50 and a 52-week high of $40.31. The company has a market capitalization of $2,160.00 and a P/E ratio of -39.16.

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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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