Coupa Software (NASDAQ:COUP) Updates Q4 2020 After-Hours Earnings Guidance

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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 guidance of 0.03-0.06 for the period, compared to the Thomson Reuters consensus earnings per share 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 COUP opened at $148.94 on Tuesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.13 and a current ratio of 2.13. The stock has a 50 day simple moving average of $140.41 and a 200 day simple moving average of $134.52. Coupa Software has a 52-week low of $52.02 and a 52-week high of $159.97. The firm has a market capitalization of $9.65 billion, a PE ratio of -222.30 and a beta of 1.59.

Coupa Software (NASDAQ:COUP) last announced its earnings results on Monday, December 2nd. The technology company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.06 by $0.14. Coupa Software had a negative net margin of 20.91% and a negative return on equity of 13.73%. The firm had revenue of $101.78 million for the quarter, compared to the consensus estimate of $96.20 million. During the same period last year, the company posted $0.08 EPS. The business’s quarterly revenue was up 50.9% on a year-over-year basis. Equities research analysts predict that Coupa Software will post -1.01 EPS for the current fiscal year.

Several brokerages have recently issued reports on COUP. Needham & Company LLC increased their price objective on shares of Coupa Software from $140.00 to $160.00 and gave the stock a buy rating in a research report on Wednesday, September 4th. Canaccord Genuity began coverage on shares of Coupa Software in a report on Thursday, September 12th. They set a buy rating and a $171.00 price objective for the company. FBN Securities began coverage on shares of Coupa Software in a report on Tuesday, September 17th. They set an outperform rating and a $165.00 price objective for the company. KeyCorp lifted their price objective on shares of Coupa Software from $171.00 to $178.00 and gave the company an overweight rating in a research report on Wednesday, September 4th. Finally, Wedbush boosted their target price on shares of Coupa Software from $168.00 to $180.00 and gave the stock an outperform rating in a report on Wednesday, September 4th. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Coupa Software currently has an average rating of Buy and an average price target of $153.50.

In related news, Director Henry Tayloe Stansbury sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $128.80, for a total value of $1,288,000.00. Following the completion of the sale, the director now directly owns 18,307 shares in the company, valued at $2,357,941.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Mark Riggs sold 930 shares of Coupa Software stock in a transaction 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 transaction, the insider now directly owns 2,685 shares of the company’s stock, valued at $400,897.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 313,054 shares of company stock valued at $44,044,494. 5.30% of the stock is currently owned by company 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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Earnings History and Estimates for Coupa Software (NASDAQ:COUP)

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