Coupa Software rose 26.6% during the morning session to $78.61 per share. As reported by Barrons: "Coupa Stock Surges. It's Being Bought by Thoma Bravo for $8 Billion. ..." You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.
Coupa Software Incorporated provides cloud-based business spend management platform that connects its customers with suppliers worldwide. The company belongs to the Technology sector, which has an average price to earnings (P/E) ratio of 26.5 and an average price to book (P/B) ratio of 5.57. In contrast, Coupa Software has a trailing 12 month P/E ratio of -16.2 and a P/B ratio of 18.8.
Coupa Software has moved -59.7% over the last year compared to -15.7% for the S&P 500 -- a difference of -44.0%. Coupa Software has a 52 week high of $166.21 and a 52 week low of $40.3. At today's price of $78.61 per share, Coupa Software is 9.87% away from its target price of $71.55, and on average, analysts give the stock a rating of hold. 11.7% of the company's shares are linked to short positions, and 102.9% of the shares are owned by institutional investors.