Coupa Software (NASDAQ:COUP – Get Rating) will release its earnings data after the market closes on Monday, June 6th. Analysts expect Coupa Software to post earnings of ($0.57) per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.
Coupa Software (NASDAQ:COUP – Get Rating) last posted its quarterly earnings results on Monday, March 14th. The technology company reported ($0.54) EPS for the quarter, topping analysts’ consensus estimates of ($0.75) by $0.21. The business had revenue of $193.30 million during the quarter, compared to analysts’ expectations of $186.18 million. Coupa Software had a negative net margin of 52.26% and a negative return on equity of 14.13%. The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period last year, the company posted ($0.82) earnings per share. On average, analysts expect Coupa Software to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.
NASDAQ:COUP opened at $72.58 on Monday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of -14.12 and a beta of 1.44. The firm has a fifty day simple moving average of $88.73 and a two-hundred day simple moving average of $125.51. Coupa Software has a 12 month low of $58.43 and a 12 month high of $283.38.
A number of brokerages have recently issued reports on COUP. Raymond James reduced their price objective on shares of Coupa Software from $195.00 to $75.00 and set an “outperform” rating for the company in a report on Tuesday, March 15th. UBS Group reduced their price objective on shares of Coupa Software from $130.00 to $105.00 in a report on Wednesday, March 16th. Royal Bank of Canada reduced their price objective on shares of Coupa Software from $155.00 to $65.00 and set a “sector perform” rating for the company in a report on Tuesday, March 15th. Piper Sandler cut shares of Coupa Software from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $230.00 to $70.00 in a report on Tuesday, March 15th. Finally, Needham & Company LLC dropped their price target on shares of Coupa Software from $210.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, March 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $138.10.
In related news, insider Todd R. Ford sold 2,961 shares of the business’s stock in a transaction that occurred on Monday, March 21st. The shares were sold at an average price of $98.75, for a total transaction of $292,398.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Anthony D. Tiscornia sold 1,097 shares of the business’s stock in a transaction that occurred on Monday, March 21st. The stock was sold at an average price of $98.75, for a total transaction of $108,328.75. The disclosure for this sale can be found here. In the last three months, insiders sold 17,266 shares of company stock worth $1,718,614. Insiders own 2.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in COUP. Neo Ivy Capital Management bought a new position in Coupa Software in the 4th quarter worth $75,000. Advisors Asset Management Inc. raised its holdings in Coupa Software by 251.4% in the 4th quarter. Advisors Asset Management Inc. now owns 615 shares of the technology company’s stock worth $97,000 after purchasing an additional 440 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Coupa Software in the 1st quarter worth $139,000. CIBC World Markets Inc. bought a new position in Coupa Software in the 4th quarter worth $266,000. Finally, JustInvest LLC bought a new position in Coupa Software in the 4th quarter worth $286,000. 95.45% of the stock is owned by institutional investors.
About Coupa Software (Get Rating)
Coupa Software Incorporated provides cloud-based business spend management platform that connects its customers with suppliers worldwide. The company 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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