Zacks: Brokerages Expect Coupa Software Inc (COUP) Will Post Quarterly Sales of $62.53 Million
Analysts expect that Coupa Software Inc (NASDAQ:COUP) will report sales of $62.53 million for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Coupa Software’s earnings. The lowest sales estimate is $62.08 million and the highest is $62.84 million. Coupa Software posted sales of $47.34 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 32.1%. The company is scheduled to report its next quarterly earnings report on Monday, December 3rd.
On average, analysts expect that Coupa Software will report full year sales of $244.55 million for the current financial year, with estimates ranging from $243.97 million to $245.16 million. For the next year, analysts forecast that the company will post sales of $301.35 million per share, with estimates ranging from $294.41 million to $309.17 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Coupa Software.
Coupa Software (NASDAQ:COUP) last posted its quarterly earnings results on Tuesday, September 4th. The technology company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.13. The firm had revenue of $61.65 million for the quarter, compared to the consensus estimate of $56.61 million. Coupa Software had a negative net margin of 22.52% and a negative return on equity of 16.73%.
COUP stock opened at $76.78 on Monday. The company has a market cap of $4.46 billion, a price-to-earnings ratio of -101.03 and a beta of 1.09. Coupa Software has a one year low of $30.15 and a one year high of $84.53.
In related news, SVP Ravi Thakur sold 10,000 shares of Coupa Software stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $61.81, for a total value of $618,100.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CRO Steven M. Winter sold 11,336 shares of Coupa Software stock in a transaction on Thursday, July 12th. The shares were sold at an average price of $65.39, for a total transaction of $741,261.04. Following the completion of the sale, the executive now owns 12,795 shares in the company, valued at approximately $836,665.05. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 335,312 shares of company stock worth $23,318,076. 6.50% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in COUP. Schwab Charles Investment Management Inc. boosted its holdings in Coupa Software by 7.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 148,000 shares of the technology company’s stock valued at $6,752,000 after acquiring an additional 9,653 shares in the last quarter. Northern Trust Corp boosted its holdings in Coupa Software by 3.1% in the first quarter. Northern Trust Corp now owns 346,650 shares of the technology company’s stock valued at $15,814,000 after acquiring an additional 10,371 shares in the last quarter. BlackRock Inc. boosted its holdings in Coupa Software by 1.9% in the first quarter. BlackRock Inc. now owns 1,914,211 shares of the technology company’s stock valued at $87,326,000 after acquiring an additional 36,201 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Coupa Software by 29.4% in the first quarter. New York State Common Retirement Fund now owns 45,029 shares of the technology company’s stock valued at $2,054,000 after acquiring an additional 10,229 shares in the last quarter. Finally, California Public Employees Retirement System bought a new stake in Coupa Software in the first quarter valued at $536,000. Institutional investors and hedge funds own 97.77% of the company’s stock.
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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