Coupa Software (NASDAQ:COUP) Issues Earnings Results

Coupa Software (NASDAQ:COUPGet Rating) posted its earnings results on Monday. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03, MarketWatch Earnings reports. Coupa Software had a negative net margin of 52.26% and a negative return on equity of 14.13%. The firm had revenue of $196.37 million during the quarter, compared to analysts’ expectations of $190.69 million. During the same period in the previous year, the company earned ($0.57) earnings per share. The company’s revenue was up 17.6% compared to the same quarter last year.

Shares of COUP traded up $1.37 during trading hours on Monday, hitting $72.13. The stock had a trading volume of 4,048,233 shares, compared to its average volume of 2,331,211. The company’s fifty day moving average is $84.98 and its two-hundred day moving average is $119.15. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.79 and a quick ratio of 1.79. Coupa Software has a 52 week low of $58.43 and a 52 week high of $283.38. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of -14.03 and a beta of 1.45.

In related news, CAO Maurizio Baratta sold 385 shares of the company’s stock in a transaction dated Friday, April 8th. The shares were sold at an average price of $104.73, for a total transaction of $40,321.05. Following the transaction, the chief accounting officer now owns 3,077 shares in the company, valued at approximately $322,254.21. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michelle Brennan purchased 375 shares of Coupa Software stock in a transaction that occurred on Wednesday, March 16th. The shares were bought at an average price of $78.65 per share, for a total transaction of $29,493.75. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 17,266 shares of company stock worth $1,718,614. 2.20% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Worldquant Millennium Advisors LLC lifted its position in Coupa Software by 65.0% during the 1st quarter. Worldquant Millennium Advisors LLC now owns 120,350 shares of the technology company’s stock worth $12,231,000 after buying an additional 47,392 shares in the last quarter. Advisors Asset Management Inc. lifted its position in Coupa Software by 56.9% during the 1st quarter. Advisors Asset Management Inc. now owns 965 shares of the technology company’s stock valued at $98,000 after purchasing an additional 350 shares during the period. Quantamental Technologies LLC acquired a new position in Coupa Software during the 1st quarter valued at about $202,000. Quantbot Technologies LP lifted its position in Coupa Software by 34.3% during the 1st quarter. Quantbot Technologies LP now owns 9,658 shares of the technology company’s stock valued at $981,000 after purchasing an additional 2,466 shares during the period. Finally, Dynamic Technology Lab Private Ltd lifted its position in Coupa Software by 368.0% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 14,130 shares of the technology company’s stock valued at $1,436,000 after purchasing an additional 11,111 shares during the period. Institutional investors and hedge funds own 95.45% of the company’s stock.

A number of analysts have recently weighed in on the stock. Piper Sandler cut shares of Coupa Software from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $230.00 to $70.00 in a research note on Tuesday, March 15th. Morgan Stanley restated a “buy” rating and issued a $125.00 price objective on shares of Coupa Software in a research note on Friday, April 8th. BMO Capital Markets boosted their price objective on shares of Coupa Software from $82.00 to $110.00 in a research note on Friday, April 8th. Mizuho reduced their price objective on shares of Coupa Software from $130.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, March 15th. Finally, KeyCorp reduced their price objective on shares of Coupa Software from $175.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, March 15th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $128.33.

About Coupa Software (Get Rating)

Coupa Software Incorporated provides cloud-based business spend management platform that connects its customers with suppliers worldwide. The company provides visibility into and control over how companies spend money, optimize supply chains, and manage liquidity, as well as enables businesses to achieve savings that drive profitability.

See Also

Earnings History for Coupa Software (NASDAQ:COUP)

Receive News & Ratings for Coupa Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupa Software and related companies with MarketBeat.com's FREE daily email newsletter.