News Recap: Coupa Software (NASDAQ:COUP)

Coupa Software (NASDAQ:COUP) stock identified change of 168.05% away from 52-week low price and recently located move of 0.24% off 52-week high price. It has market worth of $10.18B. COUP stock has been recorded 14.87% away from 50 day moving average and 28.62% away from 200 day moving average. Moving closer, we can see that shares have been trading 11.83% off 20-day moving average.

On Jan. 7, 2020, Coupa Software (NASDAQ:COUP) a leader in Business Spend Management (BSM), released that it has acquired travel price optimization leader Yapta. The acquisition enables Coupa to deliver more value across BSM by empowering companies to achieve greater savings in a significant spend category, Travel & Expense (T&E).

Based in Seattle and led by travel industry veterans, Yapta monitors airfare and hotel prices in real time and sends instant savings alerts when prices drop. Working with thousands of customers, including more than 100 of the Fortune 500, Yapta has helped companies save an average of 2-4% of their corporate travel budgets, resulting in more than $350 million of savings to date.

As an integral part of the Travel and Expense offering within the Coupa BSM Platform, Yapta offers price assurance capabilities that dynamically track prices on airline and hotel reservations and instantly rebooks them at the lowest available price, without impacting the traveler experience.

Business travel, which accounts for more than $1 trillion of spend per year1, is often one of the spend areas within a business with the least visibility and control, said Rob Bernshteyn, chairman and CEO of Coupa. Yapta offers greater transparency into travel spend, helping businesses get the most value from their travel planning. I am excited to welcome the Yapta team to Coupa and look forward to furthering our joint mission of empowering businesses with the visibility and control they need to spend smarter.

 The Technology sector company, Coupa Software Incorporated noticed change of 0.61% to $165.76 along volume of 2522488 shares in recent session compared to an average volume of 1.81M. The stock observed return of 12.98% in 5 days trading activity. The stock was at 8.35% over one month performance. COUP’s shares are at 10.37% for the quarter and driving a 154.43% return over the course of the past year and is now at 13.34% since this point in 2018. 

 The average volatility for the week at 4.77% and for month was at 3.72%. There are 61.40M shares outstanding and 61.40M shares are floated in market.  

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