Coupa Software (NASDAQ:COUP) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.05-$0.08 for the period, compared to the Thomson Reuters consensus earnings per share 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 COUP stock opened at $153.41 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $9.02 billion, a P/E ratio of -228.97 and a beta of 1.60. The company’s 50 day moving average price is $139.73 and its two-hundred day moving average price is $115.01. Coupa Software has a 52 week low of $52.01 and a 52 week high of $155.45.
Coupa Software (NASDAQ:COUP) last announced its earnings results on Tuesday, September 3rd. The technology company reported ($0.25) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.19. The firm had revenue of $95.00 million for the quarter, compared to the consensus estimate of $85.38 million. Coupa Software had a negative net margin of 20.91% and a negative return on equity of 15.26%. The business’s quarterly revenue was up 54.0% on a year-over-year basis. During the same period last year, the company posted $0.05 EPS. Analysts forecast that Coupa Software will post -1.15 earnings per share for the current year.
A number of analysts have recently issued reports on COUP shares. SunTrust Banks lifted their price objective on shares of Coupa Software from $120.00 to $170.00 and gave the company a buy rating in a report on Wednesday. Loop Capital lifted their price objective on shares of Coupa Software to $125.00 and gave the company a buy rating in a report on Thursday, June 6th. Barclays lifted their price objective on shares of Coupa Software from $101.00 to $139.00 and gave the company an equal weight rating in a report on Wednesday. Needham & Company LLC lifted their price objective on shares of Coupa Software from $140.00 to $160.00 and gave the company a buy rating in a report on Wednesday. Finally, JPMorgan Chase & Co. set a $90.00 price objective on shares of Coupa Software and gave the company a hold rating in a report on Friday, August 30th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $146.94.
In other Coupa Software news, CAO Anthony D. Tiscornia sold 260 shares of Coupa Software stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $118.81, for a total transaction of $30,890.60. Following the completion of the transaction, the chief accounting officer now directly owns 260 shares of the company’s stock, valued at $30,890.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mark Riggs sold 929 shares of Coupa Software stock in a transaction on Monday, August 26th. The stock was sold at an average price of $143.66, for a total transaction of $133,460.14. Following the transaction, the insider now directly owns 1,800 shares of the company’s stock, valued at $258,588. The disclosure for this sale can be found here. Insiders sold 398,655 shares of company stock valued at $51,542,432 over the last three months. 5.30% of the stock is owned by company insiders.
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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