Coupa Software (COUP) Releases Q2 Earnings Guidance

Coupa Software (NASDAQ:COUP) issued an update on its second quarter earnings guidance on Monday morning. The company provided earnings per share guidance of ($0.20)-($0.18) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.20). The company issued revenue guidance of $41.3-41.8 million, compared to the consensus revenue estimate of $39.73 million.Coupa Software also updated its FY18 guidance to ($0.53)-($0.49) EPS.

Shares of Coupa Software (NASDAQ COUP) traded up 1.83% on Wednesday, hitting $29.56. 360,462 shares of the stock traded hands. The stock has a 50 day moving average price of $32.17 and a 200-day moving average price of $27.69. The stock’s market cap is $1.57 billion. Coupa Software has a 52 week low of $22.50 and a 52 week high of $41.61.

Coupa Software (NASDAQ:COUP) last posted its earnings results on Monday, June 5th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.05. The firm had revenue of $41.10 million during the quarter, compared to analysts’ expectations of $38.33 million. During the same quarter in the prior year, the company earned ($1.76) earnings per share. The business’s revenue for the quarter was up 40.8% compared to the same quarter last year. On average, equities research analysts forecast that Coupa Software will post ($0.51) EPS for the current year.

COUP has been the topic of a number of research analyst reports. BTIG Research initiated coverage on shares of Coupa Software in a report on Monday, June 12th. They issued a buy rating and a $44.00 price target on the stock. Barclays PLC increased their price target on shares of Coupa Software from $28.00 to $32.00 and gave the stock an equal weight rating in a report on Tuesday, June 6th. Morgan Stanley reissued an equal weight rating and issued a $31.00 price target (up previously from $29.00) on shares of Coupa Software in a report on Saturday, June 3rd. Zacks Investment Research raised shares of Coupa Software from a sell rating to a hold rating in a report on Tuesday, May 9th. Finally, J P Morgan Chase & Co reaffirmed a neutral rating and set a $31.00 target price (up previously from $27.00) on shares of Coupa Software in a report on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Coupa Software presently has a consensus rating of Hold and a consensus target price of $33.79.

In other Coupa Software news, insider Anthony D. Tiscornia sold 2,171 shares of the firm’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $30.60, for a total value of $66,432.60. Following the sale, the insider now owns 1,911 shares of the company’s stock, valued at approximately $58,476.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ravi Thakur sold 11,240 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $29.03, for a total transaction of $326,297.20. Following the completion of the sale, the insider now directly owns 68,175 shares in the company, valued at approximately $1,979,120.25. The disclosure for this sale can be found here. In the last three months, insiders sold 2,660,583 shares of company stock worth $64,205,716. Insiders own 32.10% of the company’s stock.

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About Coupa Software

Coupa Software Incorporated is a United States-based company, which provides a unified, cloud-based spend management platform that connects organizations with suppliers globally. The Company offers spend management cloud applications, which are pre-integrated. The platform offers consumerized financial applications.

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