WalkMe (NASDAQ:WKME) Trading Down 3%

Shares of WalkMe Ltd. (NASDAQ:WKME) dropped 3% during trading on Friday . The company traded as low as $7.67 and last traded at $7.75. Approximately 5,745 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 80,274 shares. The stock had previously closed at $7.99.

Wall Street Analysts Forecast Growth

WKME has been the subject of a number of research reports. Morgan Stanley dropped their target price on shares of WalkMe from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of WalkMe in a research note on Thursday, February 22nd. Wells Fargo & Company upped their price objective on WalkMe from $12.00 to $14.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. TheStreet raised WalkMe from a “d” rating to a “c-” rating in a research note on Wednesday, February 21st. Finally, Barclays lowered their price objective on WalkMe from $10.00 to $8.50 and set an “underweight” rating for the company in a research note on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, WalkMe currently has a consensus rating of “Hold” and a consensus target price of $13.36.

WalkMe Trading Down 2.6 %

The business’s 50-day simple moving average is $8.88 and its two-hundred day simple moving average is $9.44.

WalkMe (NASDAQ:WKME) last released its earnings results on Wednesday, February 21st. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.03. The business had revenue of $67.89 million during the quarter, compared to the consensus estimate of $67.23 million. WalkMe had a negative net margin of 22.15% and a negative return on equity of 71.73%. Equities research analysts forecast that WalkMe Ltd. will post -0.43 earnings per share for the current fiscal year.

Institutional Trading of WalkMe

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC bought a new position in WalkMe during the 1st quarter valued at $170,000. Clearbridge Investments LLC increased its position in shares of WalkMe by 46.9% during the 1st quarter. Clearbridge Investments LLC now owns 854,884 shares of the company’s stock valued at $12,900,000 after purchasing an additional 272,756 shares during the last quarter. EVR Research LP purchased a new stake in shares of WalkMe during the 1st quarter valued at $11,368,000. Royal Bank of Canada increased its position in shares of WalkMe by 29.5% during the 1st quarter. Royal Bank of Canada now owns 69,624 shares of the company’s stock valued at $1,051,000 after purchasing an additional 15,877 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of WalkMe during the 1st quarter valued at $25,000. Institutional investors and hedge funds own 70.91% of the company’s stock.

WalkMe Company Profile

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.