SAP Plunges 2.91% as Insiders Sell

Generated by AI AgentAinvest Movers Radar
Tuesday, Apr 8, 2025 8:06 pm ET1min read

SAP's share price fell to its lowest level since November 2024 today, with an intraday decline of 2.91%.

Corporate insiders have shown negative sentiment towards SAP's stock, as indicated by insider activity over the past quarter. This sentiment could be contributing to the recent fluctuations in the stock price.

Fmr LLC, a significant shareholder, reduced its position in

SE's shares by 8.4% during the fourth quarter. Such moves by major investors can negatively influence stock prices, potentially adding to the downward pressure on SAP's shares.

Despite the recent decline, SAP's strong first-quarter performance, supported by robust fourth-quarter results and a solid cloud backlog, has historically bolstered investor confidence. This positive performance could help stabilize the stock price in the coming days.

UBS analyst Michael Briest maintained a Buy rating for SAP, with a price target of €283.00. Positive analyst ratings can contribute to investor optimism and support stock prices, potentially mitigating some of the recent downward pressure on SAP's shares.

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