COUP Stock Spiked: Here's What Happened

12/12/2022

The Situation

Coupa Software Inc stock (NASDAQ: COUP) shares – a global tech platform for Business Spend Management – spiked on Monday after an announcement that Thoma Bravo will buy the company. As of 1:00 PM ET, Coup shares spiked by 26.76%.

The Explanation

Coupa Software Inc officially went public on Oct 6, 2016, reaching an all-time high of $369.92 on Feb 18, 2021. Its stock is up 165.09% overall despite dropping 52.03% year-to-date.

The company announced that it would sell itself to Thoma Bravo for $6.15 billion in cash, describing the deal as an "optimal path forward" while the economic concerns negatively affect tech stocks. Coupa is expected to get $81 per share.

See the $COUP chart performance here.

The Effect

Coupa Software Inc stocks reported a spike upon the announcement of the acquisition. The investors' reactions happened as investors were anticipating the upcoming acquisition.

Since investors can't know about the additional details of the acquisition or if there is any chance of it not pushing through, it is important to focus on Coupa's business.

See full $COUP flow at: https://unusualwhales.com/stock/COUP/flow-overview

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The Blubber

The Situation

The Explanation

The Effect

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