Coupa Software Inc (COUP) Releases Quarterly Earnings Results, Beats Estimates By $0.16 EPS

Coupa Software Inc (NASDAQ:COUP) posted its earnings results on Monday. The company reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.16. The company had revenue of $38.02 million for the quarter, compared to the consensus estimate of $35.87 million. The business’s revenue was up 44.2% on a year-over-year basis. Coupa Software updated its Q1 guidance to $(0.17)-(0.12) EPS and its FY18 guidance to $(0.58)-(0.53) EPS.

Coupa Software (NASDAQ:COUP) traded up 0.93% during trading on Friday, hitting $24.86. The company had a trading volume of 218,424 shares. The stock has a 50-day moving average of $25.88 and a 200 day moving average of $26.50. Coupa Software has a one year low of $22.50 and a one year high of $41.61. The company’s market capitalization is $1.24 billion.

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In other Coupa Software news, insider Ravi Thakur sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of $24.50, for a total transaction of $490,000.00. Following the transaction, the insider now owns 101,541 shares of the company’s stock, valued at $2,487,754.50. The sale was disclosed in a document filed with the SEC, which is available through this link.

A number of institutional investors have recently made changes to their positions in the company. Battery Partners VIII LLC acquired a new position in shares of Coupa Software during the fourth quarter worth $171,799,000. Federated Investors Inc. PA acquired a new position in shares of Coupa Software during the fourth quarter worth $11,330,000. State Street Corp acquired a new position in shares of Coupa Software during the fourth quarter worth $2,224,000. FMR LLC acquired a new position in shares of Coupa Software during the fourth quarter worth $603,000. Finally, Franklin Resources Inc. acquired a new position in shares of Coupa Software during the fourth quarter worth $595,000. 0.96% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently commented on COUP. Zacks Investment Research upgraded Coupa Software from a “sell” rating to a “hold” rating in a research report on Monday, April 3rd. Loop Capital began coverage on Coupa Software in a research report on Tuesday, February 14th. They set a “hold” rating and a $27.00 target price for the company. Finally, Vetr downgraded Coupa Software from a “hold” rating to a “strong sell” rating and set a $24.91 target price for the company. in a research report on Wednesday, February 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $28.56.

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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