William Blair analyst Robert Napoli downgraded Coupa Software to Market Perform from Outperform after the company announced that it has entered into a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction with an enterprise value of $8B or $81 per share in cash.
Published first on TheFly
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Read More on COUP:
- Thoma Bravo Scoops Up Coupa (NASDAQ:COUP) For $8 Billion
- Coupa Software reports Q3 non-GAAP EPS 15c, consensus 10c
- Coupa Software Enters into Definitive Agreement to Be Acquired by Thoma Bravo for $8 Billion
- Coupa Software Reports Third Quarter Fiscal 2023 Financial Results
- Coupa Software to be acquired by Thoma Bravo for $81 per share in cash
