Coupa Software (NASDAQ:COUP) updated its FY 2020
After-Hours earnings guidance on Monday. The company provided earnings per share guidance of 0.34-0.37 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.16. The company issued revenue guidance of $379.8-380.8 million, compared to the consensus revenue estimate of $372.15 million.Coupa Software also updated its Q4 2020
After-Hours guidance to 0.03-0.06 EPS.
Several brokerages have recently commented on COUP. Barclays upped their price objective on shares of Coupa Software from $101.00 to $139.00 and gave the company an equal weight rating in a research note on Wednesday, September 4th. Needham & Company LLC upped their price objective on shares of Coupa Software from $140.00 to $160.00 and gave the company a buy rating in a research note on Wednesday, September 4th. Royal Bank of Canada upped their price objective on shares of Coupa Software from $135.00 to $165.00 and gave the company an outperform rating in a research note on Wednesday, September 4th. Evercore ISI began coverage on shares of Coupa Software in a research note on Thursday, September 26th. They issued an outperform rating and a $180.00 price target for the company. Finally, Cantor Fitzgerald set a $166.00 price target on shares of Coupa Software and gave the stock a buy rating in a research note on Wednesday, September 4th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Coupa Software currently has an average rating of Buy and a consensus target price of $153.50.
COUP stock traded down $4.55 on Monday, hitting $148.94. The company had a trading volume of 2,539,129 shares, compared to its average volume of 1,288,511. Coupa Software has a 12-month low of $52.02 and a 12-month high of $159.97. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 1.25. The stock’s 50-day simple moving average is $140.69 and its 200 day simple moving average is $133.78. The stock has a market cap of $9.21 billion, a price-to-earnings ratio of -222.30 and a beta of 1.59.
Coupa Software (NASDAQ:COUP) last issued its earnings results on Tuesday, September 3rd. The technology company reported ($0.25) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.44) by $0.19. Coupa Software had a negative net margin of 20.91% and a negative return on equity of 13.73%. The company had revenue of $95.00 million for the quarter, compared to analysts’ expectations of $85.38 million. During the same quarter last year, the company posted $0.05 earnings per share. The firm’s quarterly revenue was up 54.0% on a year-over-year basis. Research analysts forecast that Coupa Software will post -1.01 earnings per share for the current year.
In related news, Director Henry Tayloe Stansbury sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $148.45, for a total value of $1,484,500.00. Following the sale, the director now owns 18,307 shares in the company, valued at $2,717,674.15. The sale 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 the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $146.42, for a total transaction of $38,069.20. Following the completion of the sale, the chief accounting officer now owns 260 shares in the company, valued at approximately $38,069.20. The disclosure for this sale can be found here. Insiders sold 313,054 shares of company stock worth $44,044,494 in the last 90 days. 5.30% of the stock is currently owned by corporate insiders.
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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