SAP (SAP)

• Market cap: $302B
• 1 day: 0.26%
• 5 days: 7.80%
• 1 month: -0.58%
• 3 months: 3.86%
• 6 months: 13.59%
• Year to date: 6.59%
• 1 year: 39.58%
• 5 years: 111.76%
• 10 years: 255.98%
• Sector: Technology
• Industry: Software - Application

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

106% more first-time investments, than exits

New positions opened: 142 | Existing positions closed: 69

12% more capital invested

Capital invested by funds: $15.7B [Q3] → $17.6B (+$1.85B) [Q4]

7% more funds holding

Funds holding: 784 [Q3] → 841 (+57) [Q4]

6% more repeat investments, than reductions

Existing positions increased: 293 | Existing positions reduced: 277

0.12% more ownership

Funds ownership: 5.61% [Q3] → 5.73% (+0.12%) [Q4]

17% less call options, than puts

Call options by funds: $359M | Put options by funds: $432M

20% less funds holding in top 10

Funds holding in top 10: 15 [Q3] → 12 (-3) [Q4]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $38 85% downside
• Avg. target: $240 7% downside
• High target: $330 27% upside

4 analyst ratings

• positive: 4 100%
• neutral: 0 0%
• negative: 0 0%

RBC Capital Irene Nattel 0% 1-year accuracy 0 / 5 met price target	85% downside $38	Outperform Reiterated	30 Jan 2025
Barclays Raimo Lenschow 27% 1-year accuracy 22 / 81 met price target	10% upside $286	Overweight Maintained	30 Jan 2025
BMO Capital Keith Bachman 32% 1-year accuracy 18 / 57 met price target	18% upside $307	Outperform Maintained	29 Jan 2025
JMP Securities Patrick Walravens 22% 1-year accuracy 26 / 117 met price target	27% upside $330	Market Outperform Maintained	29 Jan 2025