Equities research analysts expect Coupa Software Inc (NASDAQ:COUP) to post earnings of ($0.09) per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Coupa Software’s earnings, with estimates ranging from ($0.09) to ($0.08). Coupa Software reported earnings per share of ($0.10) in the same quarter last year, which would suggest a positive year-over-year growth rate of 10%. The firm is scheduled to issue its next earnings results on Tuesday, September 4th.

According to Zacks, analysts expect that Coupa Software will report full year earnings of ($0.17) per share for the current financial year, with EPS estimates ranging from ($0.19) to ($0.14). For the next year, analysts expect that the business will report earnings of $0.01 per share, with EPS estimates ranging from ($0.04) to $0.13. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Coupa Software.

Coupa Software (NASDAQ:COUP) last posted its quarterly earnings results on Monday, June 4th. The technology company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.10. Coupa Software had a negative net margin of 24.37% and a negative return on equity of 19.17%. The business had revenue of $56.35 million during the quarter, compared to analysts’ expectations of $51.33 million. During the same quarter in the prior year, the company posted ($0.09) EPS. The business’s revenue for the quarter was up 37.0% on a year-over-year basis.

COUP has been the subject of several analyst reports. Zacks Investment Research raised shares of Coupa Software from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Thursday, June 7th. Needham & Company LLC increased their price objective on shares of Coupa Software from $55.00 to $63.00 and gave the stock a “buy” rating in a research report on Tuesday, June 5th. SunTrust Banks increased their price objective on shares of Coupa Software to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, June 5th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $67.00 price objective (up previously from $58.00) on shares of Coupa Software in a research report on Tuesday, June 5th. Finally, Morgan Stanley increased their price objective on shares of Coupa Software from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 5th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $56.44.

In other Coupa Software news, SVP Ravi Thakur sold 494 shares of the firm’s stock in a transaction that occurred on Thursday, June 21st. The shares were sold at an average price of $63.61, for a total value of $31,423.34. Following the completion of the transaction, the senior vice president now owns 5,539 shares of the company’s stock, valued at approximately $352,335.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert Bernshteyn sold 63,225 shares of the firm’s stock in a transaction that occurred on Monday, June 18th. The shares were sold at an average price of $26.59, for a total transaction of $1,681,152.75. Following the completion of the transaction, the chief executive officer now directly owns 199,637 shares of the company’s stock, valued at approximately $5,308,347.83. The disclosure for this sale can be found here. Insiders have sold a total of 333,998 shares of company stock valued at $19,555,821 in the last ninety days. 6.50% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its position in Coupa Software by 35.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 219,325 shares of the technology company’s stock valued at $13,651,000 after buying an additional 56,892 shares during the period. Verition Fund Management LLC purchased a new position in Coupa Software in the 2nd quarter valued at approximately $286,000. California Public Employees Retirement System boosted its position in Coupa Software by 20.1% in the 2nd quarter. California Public Employees Retirement System now owns 14,097 shares of the technology company’s stock valued at $877,000 after buying an additional 2,355 shares during the period. Granahan Investment Management Inc. MA purchased a new position in Coupa Software in the 2nd quarter valued at approximately $14,331,000. Finally, Soros Fund Management LLC purchased a new position in Coupa Software in the 2nd quarter valued at approximately $31,120,000. 99.60% of the stock is owned by institutional investors.

Coupa Software stock opened at $72.00 on Wednesday. Coupa Software has a 1-year low of $29.37 and a 1-year high of $72.36. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.27 and a quick ratio of 3.27. The company has a market capitalization of $4.09 billion, a PE ratio of -94.74 and a beta of 1.07.

About Coupa Software

Coupa Software Incorporated provides cloud-based 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. Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company's spend; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.

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