WalkMe (NASDAQ:WKME) Sees Strong Trading Volume

Shares of WalkMe Ltd. (NASDAQ:WKME) saw an uptick in trading volume on Wednesday . 199,475 shares traded hands during mid-day trading, an increase of 145% from the previous session’s volume of 81,571 shares.The stock last traded at $7.96 and had previously closed at $8.03.

Analyst Ratings Changes

Several equities research analysts have recently commented on WKME shares. Morgan Stanley decreased their price objective on WalkMe from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. KeyCorp initiated coverage on shares of WalkMe in a research report on Thursday, March 21st. They set a “sector weight” rating on the stock. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price target on shares of WalkMe in a report on Thursday, February 22nd. Wells Fargo & Company increased their target price on shares of WalkMe from $12.00 to $14.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Finally, Barclays dropped their price objective on WalkMe from $10.00 to $8.50 and set an “underweight” rating on the stock in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.36.

WalkMe Stock Down 2.0 %

The business’s 50 day moving average is $8.65 and its two-hundred day moving average is $9.41.

WalkMe (NASDAQ:WKME) last posted its quarterly earnings results on Wednesday, February 21st. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.03. WalkMe had a negative return on equity of 71.73% and a negative net margin of 22.15%. The firm had revenue of $67.89 million during the quarter, compared to analyst estimates of $67.23 million. As a group, equities analysts predict that WalkMe Ltd. will post -0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On WalkMe

Hedge funds and other institutional investors have recently modified their holdings of the stock. Trexquant Investment LP bought a new position in shares of WalkMe in the fourth quarter valued at approximately $135,000. M&T Bank Corp increased its holdings in WalkMe by 23.4% during the 3rd quarter. M&T Bank Corp now owns 12,997 shares of the company’s stock worth $123,000 after acquiring an additional 2,464 shares during the period. Jump Financial LLC purchased a new stake in WalkMe in the 3rd quarter worth approximately $142,000. Citigroup Inc. boosted its holdings in WalkMe by 6.5% in the 3rd quarter. Citigroup Inc. now owns 24,060 shares of the company’s stock valued at $228,000 after purchasing an additional 1,472 shares during the period. Finally, Prosperity Wealth Management Inc. grew its position in shares of WalkMe by 6.9% during the 3rd quarter. Prosperity Wealth Management Inc. now owns 32,110 shares of the company’s stock valued at $304,000 after purchasing an additional 2,060 shares in the last quarter. 70.91% of the stock is currently owned by institutional investors.

About WalkMe

WalkMe Ltd. provides cloud-based digital adaption platform and associated professional services in the United States and internationally. The company's AI-driven digital adoption platform helps companies to effectively navigate change brought by technology, which stack, identifies, and delivers the personalized guidance and automation.