Coupa Software (NASDAQ:COUP) issued an update on its FY 2020
After-Hours earnings guidance on Monday morning. The company provided earnings per share guidance of 0.34-0.37 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.16. The company issued revenue guidance of $379.8-380.8 million, compared to the consensus revenue estimate of $372.15 million.Coupa Software also updated its Q4 guidance to $0.03-0.06 EPS.

Shares of COUP stock opened at $149.95 on Wednesday. The firm has a market cap of $9.65 billion, a P/E ratio of -223.81 and a beta of 1.59. The firm has a fifty day moving average of $140.26 and a two-hundred day moving average of $134.74. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.13 and a quick ratio of 2.13. Coupa Software has a 1-year low of $52.02 and a 1-year high of $159.97.

Coupa Software (NASDAQ:COUP) last issued its quarterly earnings results on Monday, December 2nd. The technology company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.06 by $0.14. The business had revenue of $101.78 million for the quarter, compared to analysts’ expectations of $96.20 million. Coupa Software had a negative net margin of 20.91% and a negative return on equity of 13.73%. The company’s quarterly revenue was up 50.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 earnings per share. On average, sell-side analysts expect that Coupa Software will post -1.01 EPS for the current year.

Several brokerages have issued reports on COUP. Citigroup initiated coverage on Coupa Software in a research note on Friday, October 25th. They set a neutral rating and a $141.00 price objective on the stock. KeyCorp increased their target price on Coupa Software from $171.00 to $178.00 and gave the stock an overweight rating in a report on Wednesday, September 4th. FBN Securities assumed coverage on Coupa Software in a research report on Tuesday, September 17th. They issued an outperform rating and a $165.00 target price for the company. ValuEngine downgraded Coupa Software from a buy rating to a hold rating in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. upped their price target on Coupa Software from $95.00 to $100.00 and gave the company a neutral rating in a research report on Tuesday. Nine analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $156.13.

In other news, CEO Robert Bernshteyn sold 63,225 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $137.19, for a total transaction of $8,673,837.75. Following the completion of the transaction, the chief executive officer now owns 224,352 shares in the company, valued at $30,778,850.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Anthony D. Tiscornia sold 260 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $146.42, for a total transaction of $38,069.20. Following the transaction, the chief accounting officer now owns 260 shares of the company’s stock, valued at approximately $38,069.20. The disclosure for this sale can be found here. Insiders have sold a total of 313,054 shares of company stock worth $44,044,494 over the last quarter. Insiders own 5.30% of the company’s stock.

Coupa Software Company Profile

Coupa Software, Inc engages in providing business spend management (BSM) solutions. It offers cloud-based BSM platform that delivers a broad range of capabilities that would typically require the purchase and use of multiple disparate point applications. Its platform consists of procurement, invoicing, expense management and payments modules that form the transactional engine for managing a company’s business spend.

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Earnings History and Estimates for Coupa Software (NASDAQ:COUP)

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