January 20, 2022

Stock News Alert: Coupa Software Incorporated (NASDAQ:COUP)

Coupa Software Incorporated (NASDAQ:COUP) stock observed trading -8.38% off 52-week high price. On the other end, the stock has been noted 227.18% away from low price over the last 52-weeks. The stock disclosed a move of 9.25% away from 50 day moving average and 32.53% away from 200 day moving average. Moving closer, we can see that shares have been trading 5.27% off 20-day moving average. It has market cap of $22.37B.

On Dec. 7, 2020, Coupa Software Incorporated (NASDAQ:COUP) declared financial results for its third fiscal quarter ended October 31, 2020.

Third Quarter Results:

  • Total revenues were $133.0 million, an increase of 31% compared to the same period last year. Subscription revenues were $118.1 million, an increase of 31% compared to the same period last year.
  • GAAP operating loss was $33.6 million, compared to a GAAP operating loss of $16.9 million for the same period last year. Non-GAAP operating income was $14.3 million, compared to a non-GAAP operating income of $11.6 million for the same period last year.
  • GAAP net loss was $60.8 million, compared to a GAAP net loss of $26.3 million for the same period last year. GAAP net loss per basic and diluted share was $0.88, compared to a GAAP net loss per basic and diluted share of $0.42 for the same period last year. Non-GAAP net income was $13.0 million, compared to a non-GAAP net income of $14.2 million for the same period last year. Non-GAAP net income per diluted share was $0.18, compared to non-GAAP net income per diluted share of $0.20 for the same period last year.
  • Operating cash flows and adjusted free cash flows were positive $19.0 million and $17.3 million, respectively.

The USA based company Coupa Software Incorporated moved with change of 1.82% to $323.94 with the total traded volume of 2084191 shares in recent session versus to an average volume of 1.23M. The stock was observed in the 5 days activity at -1.51%. The one month performance of stock was 4.00%. COUP’s shares are at 17.07% for the quarter and driving a 115.16% return over the course of the past year and is now at 121.50% since this point in 2018.  Right now the stock beta is 1.54. The average volatility for the week and month was at 3.64% and 4.57% respectively. There are 67.60M shares outstanding and 64.21M shares are floated in market.

Dennis Morris writes related to the Business Category. He manages to cover anything thrown at him in these two verticals owing to his natural inclination towards Business. Dennis is our freelance contributor. He is responsible for covering developments in finance and business categories.