WalkMe (NASDAQ:WKME) Sees Unusually-High Trading Volume

WalkMe Ltd. (NASDAQ:WKMEGet Free Report) saw strong trading volume on Tuesday . 292,033 shares were traded during mid-day trading, a decline of 28% from the previous session’s volume of 404,603 shares.The stock last traded at $13.82 and had previously closed at $13.80.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Morgan Stanley decreased their price objective on shares of WalkMe from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 17th. Wells Fargo & Company reduced their target price on shares of WalkMe from $14.00 to $12.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. BMO Capital Markets reduced their target price on shares of WalkMe from $11.50 to $10.00 and set a “market perform” rating on the stock in a report on Thursday, May 23rd. Needham & Company LLC restated a “hold” rating on shares of WalkMe in a report on Thursday, June 6th. Finally, Barclays reduced their target price on shares of WalkMe from $8.50 to $8.00 and set an “underweight” rating on the stock in a report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $12.86.

Get Our Latest Report on WKME

WalkMe Trading Up 0.3 %

The stock’s 50 day moving average price is $9.86 and its 200 day moving average price is $9.68. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -31.39 and a beta of -0.01.

WalkMe (NASDAQ:WKMEGet Free Report) last posted its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.06. WalkMe had a negative net margin of 14.52% and a negative return on equity of 43.53%. The company had revenue of $68.57 million during the quarter, compared to the consensus estimate of $68.10 million.

Institutional Trading of WalkMe

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Trexquant Investment LP acquired a new stake in WalkMe in the fourth quarter valued at approximately $135,000. California State Teachers Retirement System grew its position in WalkMe by 9.1% in the first quarter. California State Teachers Retirement System now owns 26,070 shares of the company’s stock valued at $224,000 after acquiring an additional 2,166 shares in the last quarter. Citigroup Inc. grew its position in WalkMe by 6.5% in the third quarter. Citigroup Inc. now owns 24,060 shares of the company’s stock valued at $228,000 after acquiring an additional 1,472 shares in the last quarter. Tidal Investments LLC acquired a new stake in WalkMe in the first quarter valued at approximately $289,000. Finally, Corton Capital Inc. grew its position in WalkMe by 114.1% in the third quarter. Corton Capital Inc. now owns 39,851 shares of the company’s stock valued at $378,000 after acquiring an additional 21,236 shares in the last quarter. Institutional investors and hedge funds own 70.91% of the company’s stock.

About WalkMe

(Get Free Report)

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.

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