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Investment thesis: Coupa Software is the widely recognized leader in business spend management, with a cloud-native platform that has allowed it to become a leader over larger incumbents.An acceleration in dollar-based net retention points to customer loyalty and a growing opportunity to add more products around the core platform.Management sees a $56 billion addressable market continuing to grow with new offerings like direct business-to-business payment and financing. Investing in a business that has just had a remarkable run in the market is challenging. The natural reaction is to wait until the stock sees a significant pullback. However, the risk is that the stock continues to surge and you miss the opportunity entirely. A good strategy is to build a position over time, adding on any pullbacks, rather than committing a significant amount of capital all at once. Who is Coupa Software?...TweetSharePinShare0 Shares
