Wall Street analysts expect Coupa Software Inc (NASDAQ:COUP) to announce $73.79 million in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Coupa Software’s earnings, with estimates ranging from $73.62 million to $74.00 million. Coupa Software reported sales of $56.35 million during the same quarter last year, which would suggest a positive year over year growth rate of 30.9%. The firm is expected to report its next quarterly earnings report after the market closes on Monday, June 3rd.

According to Zacks, analysts expect that Coupa Software will report full year sales of $326.81 million for the current financial year, with estimates ranging from $325.88 million to $329.60 million. For the next financial year, analysts anticipate that the firm will post sales of $407.15 million, with estimates ranging from $392.74 million to $417.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Coupa Software.

Coupa Software (NASDAQ:COUP) last released its earnings results on Monday, March 11th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.08. The firm had revenue of $74.91 million during the quarter, compared to analyst estimates of $68.07 million. Coupa Software had a negative return on equity of 14.28% and a negative net margin of 21.33%.

COUP has been the subject of a number of recent research reports. Raymond James lifted their target price on Coupa Software from $86.00 to $107.00 in a report on Tuesday, March 12th. Loop Capital lifted their target price on Coupa Software to $105.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Needham & Company LLC reiterated a “buy” rating and issued a $108.00 target price (up from $83.00) on shares of Coupa Software in a report on Tuesday, March 12th. They noted that the move was a valuation call. SunTrust Banks lifted their target price on Coupa Software to $110.00 and gave the company a “buy” rating in a report on Tuesday, March 12th. Finally, Goldman Sachs Group initiated coverage on Coupa Software in a report on Friday, February 1st. They issued a “buy” rating and a $96.00 target price for the company. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $96.80.

In other Coupa Software news, insider Anthony D. Tiscornia sold 782 shares of the firm’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $95.16, for a total value of $74,415.12. Following the sale, the insider now directly owns 521 shares in the company, valued at $49,578.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Veenendaal Frank Van sold 1,299 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $105.00, for a total value of $136,395.00. Following the completion of the sale, the director now owns 116,841 shares in the company, valued at $12,268,305. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 328,076 shares of company stock worth $30,716,940. 5.30% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors increased its position in shares of Coupa Software by 58.1% during the fourth quarter. Captrust Financial Advisors now owns 438 shares of the technology company’s stock worth $28,000 after purchasing an additional 161 shares in the last quarter. Karp Capital Management Corp acquired a new stake in shares of Coupa Software during the fourth quarter worth about $31,000. PRW Wealth Management LLC acquired a new stake in shares of Coupa Software during the fourth quarter worth about $34,000. FNY Investment Advisers LLC acquired a new stake in shares of Coupa Software during the first quarter worth about $70,000. Finally, US Bancorp DE increased its position in shares of Coupa Software by 77.8% during the first quarter. US Bancorp DE now owns 937 shares of the technology company’s stock worth $85,000 after purchasing an additional 410 shares in the last quarter. Institutional investors own 95.96% of the company’s stock.

NASDAQ:COUP traded down $4.66 during midday trading on Monday, reaching $99.39. The company had a trading volume of 946,218 shares, compared to its average volume of 1,428,072. The firm has a market cap of $6.27 billion, a PE ratio of -148.34 and a beta of 1.88. Coupa Software has a 12-month low of $49.62 and a 12-month high of $105.13.

About Coupa Software

Coupa Software Incorporated provides cloud-based business spend management platform. The company's platform connects organization with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability.

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