Coupa Software (NASDAQ:COUP) Updates Q2 2022 Earnings Guidance

Coupa Software (NASDAQ:COUP) updated its second quarter 2022 earnings guidance on Tuesday. The company provided earnings per share guidance of $-0.070–0.050 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.090. The company issued revenue guidance of $162 million-163 million, compared to the consensus revenue estimate of $160.03 million.Coupa Software also updated its FY 2022 guidance to $-0.200–0.140 EPS.

A number of equities analysts have weighed in on the stock. Canaccord Genuity decreased their price objective on shares of Coupa Software from $375.00 to $325.00 and set a buy rating for the company in a research report on Tuesday. Mizuho cut their target price on shares of Coupa Software from $320.00 to $250.00 and set a neutral rating on the stock in a research note on Tuesday. They noted that the move was a valuation call. Royal Bank of Canada cut their target price on shares of Coupa Software from $360.00 to $340.00 and set an outperform rating on the stock in a research note on Wednesday, March 17th. Wolfe Research assumed coverage on shares of Coupa Software in a research note on Thursday, April 22nd. They issued an outperform rating and a $310.00 target price on the stock. Finally, Raymond James cut their target price on shares of Coupa Software from $365.00 to $300.00 and set an outperform rating on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $305.21.

Shares of NASDAQ:COUP traded up $6.11 during trading hours on Thursday, hitting $223.47. The stock had a trading volume of 1,543,618 shares, compared to its average volume of 1,316,015. The firm has a fifty day moving average price of $248.39. Coupa Software has a 1-year low of $214.14 and a 1-year high of $377.04. The firm has a market capitalization of $16.40 billion, a price-to-earnings ratio of -83.60 and a beta of 1.45. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.80 and a quick ratio of 0.80.

Coupa Software (NASDAQ:COUP) last announced its quarterly earnings results on Sunday, June 6th. The technology company reported $0.07 EPS for the quarter, beating the consensus estimate of ($1.01) by $1.08. Coupa Software had a negative net margin of 45.08% and a negative return on equity of 22.19%. On average, sell-side analysts anticipate that Coupa Software will post -3.71 EPS for the current fiscal year.

In other news, insider Mark Riggs sold 949 shares of the stock in a transaction that occurred on Monday, March 22nd. The shares were sold at an average price of $256.41, for a total value of $243,333.09. Following the completion of the transaction, the insider now directly owns 1,980 shares in the company, valued at $507,691.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Anthony D. Tiscornia sold 1,450 shares of the stock in a transaction that occurred on Monday, March 22nd. The shares were sold at an average price of $256.41, for a total transaction of $371,794.50. Following the completion of the transaction, the chief accounting officer now owns 1,039 shares of the company’s stock, valued at $266,409.99. The disclosure for this sale can be found here. Insiders sold 176,520 shares of company stock valued at $43,984,671 over the last quarter. Insiders own 2.60% of the company’s stock.

About Coupa Software

Coupa Software Incorporated provides cloud-based business spend management platform. Its platform connects organizations with suppliers globally; and 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.

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Earnings History and Estimates for Coupa Software (NASDAQ:COUP)

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