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Coupa Software Stock Was Up 29% in May

TheMotleyFool

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Coupa Software Stock Was Up 29% in MayPhoto, wide shot, wide-angle lens, Semiconductor company, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/92ce44e9-64c7-4458-9a95-b706ed510490.png

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.