WalkMe (NASDAQ:WKME) PT Lowered to $11.00 at Morgan Stanley

WalkMe (NASDAQ:WKME) had its target price trimmed by Morgan Stanley from $12.00 to $11.00 in a research note published on Wednesday, Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other analysts have also recently weighed in on WKME. TheStreet upgraded WalkMe from a d rating to a c- rating in a research report on Wednesday, February 21st. Barclays dropped their price target on WalkMe from $10.00 to $8.50 and set an underweight rating on the stock in a research report on Monday, April 15th. KeyCorp started coverage on WalkMe in a research report on Thursday, March 21st. They issued a sector weight rating on the stock. Needham & Company LLC restated a buy rating and issued a $20.00 target price on shares of WalkMe in a research report on Thursday, February 22nd. Finally, Wells Fargo & Company raised their target price on WalkMe from $12.00 to $14.00 and gave the company an overweight rating in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $13.36.

WalkMe Trading Down 1.6 %

Shares of WalkMe stock opened at $7.86 on Wednesday. The business’s 50 day simple moving average is $8.82 and its 200-day simple moving average is $9.43. The stock has a market capitalization of $682.09 million, a price-to-earnings ratio of -11.73 and a beta of -0.14. WalkMe has a twelve month low of $7.60 and a twelve month high of $11.00.

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

Institutional Trading of WalkMe

Large investors have recently added to or reduced their stakes in the business. Quadrature Capital Ltd boosted its stake in WalkMe by 203.9% during the 4th quarter. Quadrature Capital Ltd now owns 59,862 shares of the company’s stock valued at $637,000 after purchasing an additional 40,161 shares in the last quarter. Virtu Financial LLC bought a new position in WalkMe during the 4th quarter valued at $114,000. GSA Capital Partners LLP boosted its stake in WalkMe by 310.1% during the 4th quarter. GSA Capital Partners LLP now owns 79,323 shares of the company’s stock valued at $846,000 after purchasing an additional 59,979 shares in the last quarter. Nuveen Asset Management LLC bought a new position in WalkMe during the 4th quarter valued at $1,405,000. Finally, Occudo Quantitative Strategies LP bought a new position in WalkMe during the 4th quarter valued at $195,000. 70.91% of the stock is currently owned by institutional investors and hedge funds.

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.