Coupa Software (NASDAQ:COUP) issued an update on its second quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of ($0.12)-($0.10) for the period, compared to the Thomson Reuters consensus estimate of ($0.01). The company issued revenue guidance of 84.5-85.5 million, compared to the consensus revenue estimate of $78.07 million.Coupa Software also updated its FY 2020 guidance to $0.07-0.10 EPS.
Several research firms recently commented on COUP. Zacks Investment Research raised Coupa Software from a sell rating to a hold rating in a research report on Thursday, June 20th. Oppenheimer increased their price objective on Coupa Software from $111.00 to $130.00 in a research report on Tuesday, June 18th. Bank of America increased their price objective on Coupa Software from $125.00 to $140.00 and gave the company a buy rating in a research report on Wednesday. Loop Capital increased their price objective on Coupa Software to $125.00 and gave the company a buy rating in a research report on Thursday, June 6th. Finally, SunTrust Banks increased their price objective on Coupa Software to $120.00 and gave the company a buy rating in a research report on Tuesday, June 4th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $107.81.
COUP stock opened at $120.39 on Wednesday. Coupa Software has a fifty-two week low of $52.01 and a fifty-two week high of $129.40. The firm has a 50-day moving average price of $114.01. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $7.73 billion, a P/E ratio of -179.69 and a beta of 1.60.
Coupa Software (NASDAQ:COUP) last posted its earnings results on Monday, June 3rd. The technology company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.29. Coupa Software had a negative return on equity of 14.29% and a negative net margin of 21.22%. The company had revenue of $81.30 million for the quarter, compared to the consensus estimate of $73.85 million. During the same quarter in the prior year, the company earned ($0.01) earnings per share. Coupa Software’s revenue was up 44.1% on a year-over-year basis. On average, sell-side analysts anticipate that Coupa Software will post -1.19 EPS for the current year.
In other news, Director Henry Tayloe Stansbury sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $90.10, for a total value of $450,500.00. Following the transaction, the director now owns 10,288 shares of the company’s stock, valued at $926,948.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Riggs sold 929 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $95.44, for a total value of $88,663.76. Following the completion of the transaction, the insider now directly owns 4,487 shares in the company, valued at approximately $428,239.28. The disclosure for this sale can be found here. Insiders sold 409,119 shares of company stock worth $45,141,688 in the last ninety days. Corporate 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.
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