Coupa Software (NASDAQ:COUP) posted its quarterly earnings results on Monday. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.14, Briefing.com reports. The business had revenue of $101.78 million for the quarter, compared to analyst estimates of $96.20 million. Coupa Software had a negative return on equity of 13.73% and a negative net margin of 20.91%. Coupa Software’s revenue for the quarter was up 50.9% compared to the same quarter last year. During the same period last year, the company earned $0.08 EPS.
Shares of Coupa Software stock opened at $148.94 on Tuesday. 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 company’s fifty day simple moving average is $140.41 and its two-hundred day simple moving average is $134.52. The company has a market cap of $9.65 billion, a P/E ratio of -222.30 and a beta of 1.59. Coupa Software has a 12-month low of $52.02 and a 12-month high of $159.97.
COUP has been the subject of several recent research reports. Northland Securities set a $150.00 price objective on Coupa Software and gave the company a “hold” rating in a research report on Wednesday, September 4th. Barclays raised their target price on shares of Coupa Software from $101.00 to $139.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 4th. Piper Jaffray Companies started coverage on shares of Coupa Software in a research note on Monday, October 28th. They issued an “overweight” rating and a $150.00 target price on the stock. Goldman Sachs Group upped their price target on shares of Coupa Software from $140.00 to $174.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, TheStreet raised shares of Coupa Software from a “d+” rating to a “c” rating in a research report on Monday, October 7th. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Coupa Software presently has a consensus rating of “Buy” and a consensus price target of $153.50.
In other Coupa Software news, insider Mark Riggs sold 930 shares of Coupa Software stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $149.31, for a total transaction of $138,858.30. Following the sale, the insider now directly owns 2,685 shares of the company’s stock, valued at approximately $400,897.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Anthony D. Tiscornia sold 260 shares of the company’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 value of $38,069.20. Following the transaction, 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. Over the last three months, insiders have sold 313,054 shares of company stock worth $44,044,494. Insiders own 5.30% of the company’s stock.
Coupa Software Company Profile
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.
Featured Article: Net Margin – Understanding the Different Kinds of Profit
Receive News & Ratings for Coupa Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupa Software and related companies with MarketBeat.com's FREE daily email newsletter.