Zacks: Analysts Anticipate Coupa Software Inc (COUP) Will Post Quarterly Sales of $48.59 Million

Wall Street analysts expect Coupa Software Inc (NASDAQ:COUP) to announce sales of $48.59 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Coupa Software’s earnings. The lowest sales estimate is $48.33 million and the highest is $48.68 million. Coupa Software posted sales of $38.02 million in the same quarter last year, which suggests a positive year-over-year growth rate of 27.8%. The business is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Coupa Software will report full year sales of $48.59 million for the current financial year, with estimates ranging from $181.36 million to $181.71 million. For the next year, analysts forecast that the company will report sales of $224.06 million per share, with estimates ranging from $221.36 million to $226.01 million. Zacks Investment Research’s sales calculations are an average based on a survey of research 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) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.06. The firm had revenue of $47.30 million for the quarter, compared to analysts’ expectations of $45.02 million. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. The business’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.22) EPS.

COUP has been the topic of several research reports. Royal Bank of Canada restated a “buy” rating and issued a $41.00 target price on shares of Coupa Software in a research note on Wednesday, November 15th. Barclays restated a “hold” rating and issued a $38.00 target price (up previously from $34.00) on shares of Coupa Software in a research note on Monday, November 27th. CIBC initiated coverage on Coupa Software in a research note on Friday, December 22nd. They issued an “outperform” rating and a $41.00 target price on the stock. Raymond James Financial restated a “buy” rating and issued a $40.00 target price on shares of Coupa Software in a research note on Tuesday, December 12th. Finally, Oppenheimer initiated coverage on Coupa Software in a research note on Thursday, December 21st. They issued a “buy” rating and a $41.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. Coupa Software currently has a consensus rating of “Buy” and a consensus price target of $38.52.

In other news, CFO Todd R. Ford sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $34.03, for a total transaction of $408,360.00. Following the sale, the chief financial officer now owns 17,349 shares in the company, valued at approximately $590,386.47. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Anthony D. Tiscornia sold 782 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $34.00, for a total value of $26,588.00. Following the sale, the insider now owns 521 shares in the company, valued at approximately $17,714. The disclosure for this sale can be found here. In the last quarter, insiders have sold 346,229 shares of company stock worth $11,819,634. Company insiders own 32.10% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. American International Group Inc. raised its stake in Coupa Software by 8.1% in the 3rd quarter. American International Group Inc. now owns 19,989 shares of the technology company’s stock valued at $623,000 after acquiring an additional 1,494 shares during the period. Bank of New York Mellon Corp raised its stake in Coupa Software by 2.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 113,344 shares of the technology company’s stock valued at $3,531,000 after acquiring an additional 2,782 shares during the period. Swiss National Bank raised its stake in Coupa Software by 7.1% in the 4th quarter. Swiss National Bank now owns 45,100 shares of the technology company’s stock valued at $1,408,000 after acquiring an additional 3,000 shares during the period. First Trust Advisors LP raised its stake in Coupa Software by 9.2% in the 4th quarter. First Trust Advisors LP now owns 44,879 shares of the technology company’s stock valued at $1,401,000 after acquiring an additional 3,787 shares during the period. Finally, Quantbot Technologies LP raised its stake in Coupa Software by 31.3% in the 3rd quarter. Quantbot Technologies LP now owns 28,615 shares of the technology company’s stock valued at $891,000 after acquiring an additional 6,819 shares during the period. Institutional investors and hedge funds own 75.09% of the company’s stock.

Shares of Coupa Software (NASDAQ COUP) opened at $39.16 on Monday. The company has a market capitalization of $2,155.64, a P/E ratio of -48.95 and a beta of 4.73. Coupa Software has a 12 month low of $22.50 and a 12 month high of $40.31.

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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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