Coupa Software Incorporated (NASDAQ:COUP) Expected to Post Quarterly Sales of $162.45 Million

Brokerages expect Coupa Software Incorporated (NASDAQ:COUP) to post $162.45 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Coupa Software’s earnings, with the highest sales estimate coming in at $162.70 million and the lowest estimate coming in at $162.00 million. Coupa Software posted sales of $125.92 million during the same quarter last year, which suggests a positive year-over-year growth rate of 29%. The company is scheduled to report its next earnings report on Tuesday, September 14th.

On average, analysts expect that Coupa Software will report full-year sales of $684.64 million for the current year, with estimates ranging from $682.63 million to $696.69 million. For the next year, analysts expect that the business will report sales of $850.69 million, with estimates ranging from $835.95 million to $879.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Coupa Software.

Coupa Software (NASDAQ:COUP) last issued its earnings results on Sunday, June 6th. The technology company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.01) by $1.08. Coupa Software had a negative return on equity of 22.19% and a negative net margin of 45.08%.

A number of equities analysts have weighed in on the company. The Goldman Sachs Group raised Coupa Software from a “buy” rating to a “conviction-buy” rating in a research report on Monday, March 8th. Wells Fargo & Company reduced their price target on shares of Coupa Software from $305.00 to $255.00 and set an “equal weight” rating for the company in a research report on Tuesday. KeyCorp reduced their price target on shares of Coupa Software from $400.00 to $350.00 and set an “overweight” rating for the company in a research report on Tuesday. Canaccord Genuity reduced their price target on shares of Coupa Software from $375.00 to $325.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. upped their price target on shares of Coupa Software from $121.00 to $125.00 and gave the company an “underweight” rating in a research report on Wednesday, March 17th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Coupa Software currently has an average rating of “Buy” and a consensus price target of $305.21.

Shares of NASDAQ:COUP opened at $223.47 on Friday. Coupa Software has a fifty-two week low of $214.14 and a fifty-two week high of $377.04. The stock has a 50-day simple moving average of $247.62. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.86. The stock has a market cap of $16.40 billion, a price-to-earnings ratio of -85.95 and a beta of 1.45.

In other news, CAO Anthony D. Tiscornia sold 1,450 shares of the company’s stock in a transaction that occurred on Monday, March 22nd. The stock was sold at an average price of $256.41, for a total transaction of $371,794.50. Following the sale, the chief accounting officer now directly owns 1,039 shares of the company’s stock, valued at approximately $266,409.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Riggs sold 929 shares of the company’s stock in a transaction that occurred on Tuesday, May 25th. The stock was sold at an average price of $240.29, for a total value of $223,229.41. Following the sale, the insider now directly owns 1,722 shares in the company, valued at $413,779.38. The disclosure for this sale can be found here. Insiders sold a total of 176,520 shares of company stock valued at $43,984,671 over the last 90 days. 2.60% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Regent Peak Wealth Advisors LLC purchased a new stake in shares of Coupa Software during the 4th quarter worth approximately $26,000. Carroll Financial Associates Inc. raised its holdings in shares of Coupa Software by 67.7% during the 1st quarter. Carroll Financial Associates Inc. now owns 109 shares of the technology company’s stock worth $27,000 after acquiring an additional 44 shares in the last quarter. Lloyd Advisory Services LLC. raised its holdings in shares of Coupa Software by 650.0% during the 1st quarter. Lloyd Advisory Services LLC. now owns 105 shares of the technology company’s stock worth $27,000 after acquiring an additional 91 shares in the last quarter. Total Clarity Wealth Management Inc. purchased a new stake in shares of Coupa Software during the 1st quarter worth approximately $27,000. Finally, Adirondack Trust Co. purchased a new stake in shares of Coupa Software during the 4th quarter worth approximately $31,000.

Coupa Software Company Profile

Coupa Software Incorporated provides cloud-based business spend management platform. Its platform connects organizations with suppliers globally; and provides visibility into and control over how companies spend money, optimize supply chains, and manage liquidity, as well as enables businesses to achieve savings that drive profitability.

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Earnings History and Estimates for Coupa Software (NASDAQ:COUP)

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