SAP announces agreement to acquire Tel Aviv-based WalkMe

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Needham Downgrades WalkMe Ltd. (WKME) to Hold

June 5, 2024 4:08 PM EDT

Needham analyst Scott Berg downgraded WalkMe Ltd. (NASDAQ: WKME) from Buy to Hold.

The analyst comments "Before market open, SAP announced it was acquiring WalkMe in an all-cash transaction valuing the company at $14 per share or a market value of ~$1.4B. The offer... More