Analysts expect Coupa Software Inc (NASDAQ:COUP) to post sales of $48.56 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Coupa Software’s earnings, with estimates ranging from $48.33 million to $48.65 million. Coupa Software reported sales of $38.02 million in the same quarter last year, which would suggest a positive year over year growth rate of 27.7%. The firm is expected to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Coupa Software will report full-year sales of $48.56 million for the current financial year, with estimates ranging from $181.36 million to $181.70 million. For the next financial year, analysts forecast that the firm will report sales of $223.18 million per share, with estimates ranging from $221.36 million to $225.49 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Coupa Software.

Coupa Software (NASDAQ:COUP) last released its earnings results on Monday, December 4th. The technology company reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.06. The company had revenue of $47.30 million during the quarter, compared to analysts’ expectations of $45.02 million. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. The business’s revenue for the quarter was up 33.6% on a year-over-year basis. During the same period last year, the firm earned ($0.22) EPS.

COUP has been the subject of several research reports. Barclays raised Coupa Software from an “equal weight” rating to an “overweight” rating and set a $38.00 target price for the company in a research note on Monday, January 8th. Royal Bank of Canada reissued a “buy” rating and issued a $41.00 target price on shares of Coupa Software in a research note on Wednesday, November 15th. Northland Securities set a $41.00 price objective on Coupa Software and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Zacks Investment Research raised Coupa Software from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Raymond James Financial reaffirmed a “buy” rating and set a $40.00 price objective on shares of Coupa Software in a research note on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. Coupa Software presently has a consensus rating of “Buy” and an average target price of $37.56.

Coupa Software (NASDAQ:COUP) traded up $0.83 during midday trading on Friday, hitting $38.23. The stock had a trading volume of 289,249 shares, compared to its average volume of 622,788. The firm has a market cap of $2,101.13, a PE ratio of -47.79 and a beta of 4.39. Coupa Software has a one year low of $22.50 and a one year high of $38.57.

In other Coupa Software news, CFO Todd R. Ford sold 12,000 shares of Coupa Software stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $35.27, for a total transaction of $423,240.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Anthony D. Tiscornia sold 781 shares of Coupa Software stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $33.18, for a total value of $25,913.58. Following the transaction, the insider now owns 521 shares in the company, valued at $17,286.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 347,106 shares of company stock valued at $11,782,637. 32.10% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of COUP. Schwab Charles Investment Management Inc. lifted its holdings in Coupa Software by 343.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 124,312 shares of the technology company’s stock worth $3,603,000 after acquiring an additional 96,256 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Coupa Software by 306.6% during the second quarter. Bank of New York Mellon Corp now owns 110,562 shares of the technology company’s stock worth $3,204,000 after acquiring an additional 83,373 shares in the last quarter. Legal & General Group Plc lifted its holdings in Coupa Software by 436.1% during the second quarter. Legal & General Group Plc now owns 10,792 shares of the technology company’s stock worth $312,000 after acquiring an additional 8,779 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Coupa Software by 2,294.8% during the second quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock worth $106,000 after acquiring an additional 3,511 shares in the last quarter. Finally, Swiss National Bank bought a new position in Coupa Software during the second quarter worth about $1,220,000. Hedge funds and other institutional investors own 75.09% of the company’s stock.

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Coupa Software Company Profile

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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