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Coupa Software Stock Was Up 29% in May

TheMotleyFool

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Shares of Coupa Software (NASDAQ: COUP) climbed 29.2% higher in May, according to data provided by S&P Global Market Intelligence. The company didn't report any news during the month, so you wouldn't normally expect that kind of run. But investors these days are keen on cloud-based software companies. Coupa Software's gains in May mirror those of many other companies.

It's led some analysts to say the space is overvalued. But based on May's returns, investors say otherwise.