Coupa Software (NASDAQ:COUP) issued an update on its FY 2020 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.11-0.16 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.11. The company issued revenue guidance of $369-372 million, compared to the consensus revenue estimate of $347.06 million.Coupa Software also updated its Q3 2020 guidance to $0.05-0.08 EPS.
Shares of COUP stock traded down $4.53 during 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 quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.07. The stock’s 50-day moving average is $139.63 and its two-hundred day moving average is $114.29. The stock 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 52 week low of $52.01 and a 52 week high of $148.90.
Coupa Software (NASDAQ:COUP) last posted its quarterly earnings data on Monday, June 3rd. The technology company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.29. The company had revenue of $81.30 million for the quarter, compared to analysts’ expectations of $73.85 million. Coupa Software had a negative net margin of 21.22% and a negative return on equity of 14.29%. Coupa Software’s revenue for the quarter was up 44.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.01) earnings per share. On average, research analysts predict that Coupa Software will post -1.15 EPS for the current fiscal year.
Several research analysts recently weighed in on COUP shares. Oppenheimer upped their price objective on shares of Coupa Software from $111.00 to $130.00 in a research report on Tuesday, June 18th. Morgan Stanley upped their price objective on shares of Coupa Software from $111.00 to $122.00 and gave the stock an equal weight rating in a research report on Thursday, August 15th. Loop Capital increased their price target on shares of Coupa Software to $125.00 and gave the company a buy rating in a research report on Thursday, June 6th. SunTrust Banks increased their price target on shares of Coupa Software to $120.00 and gave the company a buy rating in a research report on Tuesday, June 4th. Finally, Needham & Company LLC reiterated a buy rating and set a $140.00 price target (up from $120.00) on shares of Coupa Software in a research report on Thursday, June 27th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $125.50.
In other news, CEO Robert Bernshteyn sold 63,225 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $143.63, for a total value of $9,081,006.75. Following the transaction, the chief executive officer now owns 224,352 shares in the company, valued at $32,223,677.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Riggs sold 3,843 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $118.77, for a total transaction of $456,433.11. Following the completion of the transaction, the insider now owns 3,293 shares in the company, valued at approximately $391,109.61. The disclosure for this sale can be found here. Insiders have sold 398,655 shares of company stock worth $51,542,432 over the last quarter. Company 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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