Coupa Software (NASDAQ:COUP) issued an update on its first quarter earnings guidance on Monday morning. The company provided earnings per share guidance of ($0.13)-($0.11) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.11). The company issued revenue guidance of $51.0-51.5 million, compared to the consensus revenue estimate of $49.46 million.Coupa Software also updated its FY19 guidance to ($0.28)-($0.23) EPS.
Coupa Software (NASDAQ COUP) opened at $47.53 on Wednesday. Coupa Software has a 1-year low of $22.50 and a 1-year high of $50.69. The company has a market cap of $2,707.19, a price-to-earnings ratio of -57.27 and a beta of 1.29.
Coupa Software (NASDAQ:COUP) last issued its quarterly earnings data on Monday, March 12th. The technology company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.17. Coupa Software had a negative net margin of 23.45% and a negative return on equity of 20.33%. The business had revenue of $53.80 million during the quarter, compared to analyst estimates of $48.64 million. During the same period in the prior year, the business earned ($0.05) EPS. The company’s revenue for the quarter was up 41.5% on a year-over-year basis. equities analysts forecast that Coupa Software will post -0.91 EPS for the current year.
In related news, CEO Robert Bernshteyn sold 63,225 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $33.13, for a total value of $2,094,644.25. Following the completion of the transaction, the chief executive officer now directly owns 162,343 shares in the company, valued at approximately $5,378,423.59. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anthony D. Tiscornia sold 1,293 shares of the stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $33.91, for a total transaction of $43,845.63. Following the completion of the transaction, the insider now owns 1,033 shares of the company’s stock, valued at $35,029.03. The disclosure for this sale can be found here. Over the last quarter, insiders sold 287,753 shares of company stock valued at $10,593,997. 32.10% of the stock is owned by company insiders.
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About Coupa Software
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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