Coupa Software (NASDAQ:COUP) Releases Q3 Earnings Guidance

Coupa Software (NASDAQ:COUP) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.05-$0.08 for the period, compared to the Thomson Reuters consensus estimate of $0.06. The company issued revenue guidance of $95.5-$96.5 million, compared to the consensus revenue estimate of $86.96 million.Coupa Software also updated its FY 2020 guidance to $0.11-0.16 EPS.

Shares of NASDAQ COUP traded down $4.53 during mid-day trading on Tuesday, hitting $134.40. The company had a trading volume of 2,266,810 shares, compared to its average volume of 1,475,265. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of -200.60 and a beta of 1.60. Coupa Software has a 1 year low of $52.01 and a 1 year high of $148.90. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.07. The stock’s 50-day moving average price is $139.50 and its 200-day moving average price is $114.49.

Coupa Software (NASDAQ:COUP) last announced its quarterly earnings results on Monday, June 3rd. The technology company reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.29. Coupa Software had a negative return on equity of 14.29% and a negative net margin of 21.22%. The company had revenue of $81.30 million during the quarter, compared to analysts’ expectations of $73.85 million. During the same period in the previous year, the business earned ($0.01) earnings per share. The firm’s quarterly revenue was up 44.1% compared to the same quarter last year. As a group, equities research analysts forecast that Coupa Software will post -1.15 earnings per share for the current year.

Several research firms recently commented on COUP. Northland Securities boosted their target price on Coupa Software from $85.00 to $150.00 and gave the stock an average rating in a research report on Thursday, July 11th. Morgan Stanley boosted their target price on Coupa Software from $111.00 to $122.00 and gave the stock an equal weight rating in a research report on Thursday, August 15th. Bank of America boosted their target price on Coupa Software from $140.00 to $168.00 and gave the stock a buy rating in a research report on Monday, August 26th. KeyCorp boosted their target price on Coupa Software from $130.00 to $160.00 and gave the stock an overweight rating in a research report on Wednesday, July 17th. Finally, Raymond James boosted their target price on Coupa Software from $107.00 to $115.00 and gave the stock an outperform rating in a research report on Tuesday, June 4th. Seven equities research analysts have rated the stock with 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 $125.50.

In related news, CFO Todd R. Ford sold 112,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $118.50, for a total value of $13,331,250.00. Following the transaction, the chief financial officer now directly owns 30,595 shares of the company’s stock, valued at approximately $3,625,507.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Anthony D. Tiscornia sold 260 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $118.81, for a total value of $30,890.60. Following the completion of the transaction, the chief accounting officer now directly owns 260 shares in the company, valued at $30,890.60. The disclosure for this sale can be found here. Insiders sold a total of 398,655 shares of company stock worth $51,542,432 in the last 90 days. 5.30% of the stock is currently owned by company insiders.

About Coupa Software

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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