WalkMe (NASDAQ:WKME) Stock Price Down 3%

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

Analyst Ratings Changes

Several research firms have commented on WKME. Morgan Stanley lowered their price target on shares of WalkMe from $12.00 to $11.00 and set an "equal weight" rating on the stock in a report on Wednesday. Wells Fargo & Company increased their target price on shares of WalkMe from $12.00 to $14.00 and gave the stock an "overweight" rating in a research note on Thursday, February 22nd. KeyCorp assumed coverage on shares of WalkMe in a research note on Thursday, March 21st. They set a "sector weight" rating on the stock. Needham & Company LLC reissued a "buy" rating and set a $20.00 target price on shares of WalkMe in a research note on Thursday, February 22nd. Finally, TheStreet upgraded shares of WalkMe from a "d" rating to a "c-" rating in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $13.36.

WalkMe Trading Down 1.6 %

The company has a market cap of $682.09 million, a price-to-earnings ratio of -11.61 and a beta of -0.14. The stock's fifty day simple moving average is $8.88 and its 200 day simple moving average is $9.44.

WalkMe (NASDAQ:WKME - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The company reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.11) by $0.03. WalkMe had a negative net margin of 22.15% and a negative return on equity of 71.73%. The company had revenue of $67.89 million during the quarter, compared to the consensus estimate of $67.23 million. On average, analysts predict that WalkMe Ltd. will post -0.43 EPS for the current year.

Institutional Trading of WalkMe

Hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in shares of WalkMe in the 1st quarter valued at approximately $25,000. Qube Research & Technologies Ltd purchased a new position in shares of WalkMe during the 3rd quarter worth approximately $27,000. UBS Group AG purchased a new position in shares of WalkMe during the 3rd quarter worth approximately $35,000. State of Tennessee Treasury Department purchased a new position in shares of WalkMe during the 4th quarter worth approximately $49,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of WalkMe by 744.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 5,309 shares of the company's stock worth $56,000 after purchasing an additional 4,680 shares during the period. Hedge funds and other institutional investors own 70.91% of the company's stock.

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.