Coupa Software (NASDAQ:COUP) issued an update on its fourth quarter 2020
After-Hours earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.03-0.06 for the period, compared to the Thomson Reuters consensus estimate of $-0.01. The company issued revenue guidance of $101.5-102.5 million, compared to the consensus revenue estimate of $99.44 million.Coupa Software also updated its FY 2020
After-Hours guidance to 0.34-0.37 EPS.
Shares of Coupa Software stock traded down $4.55 during midday trading on Monday, hitting $148.94. The company’s stock had a trading volume of 2,539,129 shares, compared to its average volume of 1,288,511. The firm has a market capitalization of $9.21 billion, a P/E ratio of -222.30 and a beta of 1.59. The stock has a 50-day simple moving average of $140.69 and a 200-day simple moving average of $133.78. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 1.25. Coupa Software has a 1-year low of $52.02 and a 1-year high of $159.97.
Coupa Software (NASDAQ:COUP) last issued its earnings results on Tuesday, September 3rd. The technology company reported ($0.25) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.44) by $0.19. The business had revenue of $95.00 million during the quarter, compared to analysts’ expectations of $85.38 million. Coupa Software had a negative return on equity of 13.73% and a negative net margin of 20.91%. Coupa Software’s revenue was up 54.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 earnings per share. As a group, sell-side analysts predict that Coupa Software will post -1.01 earnings per share for the current year.
A number of analysts recently issued reports on the company. FBN Securities assumed coverage on Coupa Software in a research report on Tuesday, September 17th. They set an outperform rating and a $165.00 price objective for the company. TheStreet raised Coupa Software from a d+ rating to a c rating in a research report on Monday, October 7th. Evercore ISI assumed coverage on Coupa Software in a research report on Thursday, September 26th. They set an outperform rating and a $180.00 price objective for the company. Bank of America lifted their price objective on Coupa Software from $168.00 to $178.00 and gave the company a buy rating in a research report on Wednesday, September 4th. Finally, Wedbush lifted their price objective on Coupa Software from $168.00 to $180.00 and gave the company an outperform rating in a research report on Wednesday, September 4th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $153.50.
In other news, CRO Steven M. Winter sold 11,336 shares of Coupa Software stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $158.47, for a total value of $1,796,415.92. Following the transaction, the executive now directly owns 15,492 shares in the company, valued at $2,455,017.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anthony D. Tiscornia sold 260 shares of Coupa Software stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $146.42, for a total value of $38,069.20. Following the completion of the transaction, the chief accounting officer now owns 260 shares in the company, valued at $38,069.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 313,054 shares of company stock worth $44,044,494. Corporate insiders own 5.30% of the company’s stock.
About Coupa Software
Coupa Software, Inc engages in providing business spend management (BSM) solutions. It offers cloud-based BSM platform that delivers a broad range of capabilities that would typically require the purchase and use of multiple disparate point applications. Its platform consists of procurement, invoicing, expense management and payments modules that form the transactional engine for managing a company’s business spend.
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