Coupa Software Incorporated (NASDAQ: COUP) Stock: Can It Go Higher? – Marketing Sentinel
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Coupa Software Incorporated (NASDAQ: COUP) Stock: Can It Go Higher?

In the last trading session, 2.1 million shares of the Coupa Software Incorporated (NASDAQ:COUP) were traded, and its beta was 1.53. Most recently the company’s share price was $54.44, and it changed around $0.95 or 1.78% from the last close, which brings the market valuation of the company to $3.91B. COUP currently trades at a discount to its 52-week high of $283.38, offering almost -420.54% off that amount. The share price’s 52-week low was $50.54, which indicates that the current value has risen by an impressive 7.16% since then. We note from Coupa Software Incorporated’s average daily trading volume that its 10-day average is 2.97 million shares, with the 3-month average coming to 2.34 million.

Coupa Software Incorporated (NASDAQ:COUP) trade information

Instantly COUP has showed a green trend with a performance of 1.78% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 56.50 on Tuesday, 06/21/22 increased the stock’s daily price by 3.65%. The company’s shares are currently down -65.56% year-to-date, but still down -1.52% over the last five days. On the other hand, Coupa Software Incorporated (NASDAQ:COUP) is -24.10% down in the 30-day period. We can see from the shorts that 5.34 million shares have been sold at a short interest cover period of 2.85 day(s).

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Coupa Software Incorporated (COUP) estimates and forecasts

Coupa Software Incorporated share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -65.56 percent over the past six months and at a -69.88% annual growth rate that is well below the industry average of 4.10%. Moreover, analysts have decided to roll up on their fiscal year 2022 revenue estimates. The rating firms predict that it will loss -28.60% in revenue this quarter, and will report a decrease of -80.80% in the next quarter. The year-over-year growth rate is expected to be 15.90%, up from the previous year.

Consensus estimates provided by 23 financial analysts predict the company will bring in an average of $190.63 million in revenue for the current quarter. 23 analysts expect Coupa Software Incorporated to make $205.58 million in revenue for the quarter ending Jul 2022.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -22.20%. Coupa Software Incorporated earnings are expected to increase by -95.50% in 2022, but the outlook is positive 23.80% per year for the next five years.

COUP Dividends

Coupa Software Incorporated’s next quarterly earnings report is expected to be released around March 14 and March 18.

Coupa Software Incorporated (NASDAQ:COUP)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.60% of Coupa Software Incorporated shares, and 105.63% of them are in the hands of institutional investors. The stock currently has a share float of 106.27%. Coupa Software Incorporated stock is held by 642 institutions, with Price (T.Rowe) Associates Inc being the largest institutional investor. By Dec 30, 2021, it held 12.94% of the shares, which is about 9.72 million shares worth $1.54 billion.

Vanguard Group, Inc. (The), with 8.97% or 6.73 million shares worth $1.06 billion as of Dec 30, 2021, holds the second largest percentage of outstanding shares.

Price (T.Rowe) New Horizons Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 30, 2021. The former held 3.88 million shares worth $613.09 million, making up 5.17% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 2.1 million shares worth around $332.68 million, which represents about 2.80% of the total shares outstanding.

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