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

WalkMe Ltd. (NASDAQ:WKME - Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 199,475 shares traded hands during 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.

Wall Street Analyst Weigh In

Several equities analysts recently commented on WKME shares. Morgan Stanley reduced their price target on WalkMe from $12.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 17th. TheStreet upgraded WalkMe from a "d" rating to a "c-" rating in a report on Wednesday, February 21st. KeyCorp started coverage on WalkMe in a report on Thursday, March 21st. They issued a "sector weight" rating for the company. Wells Fargo & Company boosted their price target on WalkMe from $12.00 to $14.00 and gave the company an "overweight" rating in a report on Thursday, February 22nd. Finally, Barclays lowered their price target on WalkMe from $10.00 to $8.50 and set an "underweight" rating for the company in a report on Monday, April 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $13.36.

WalkMe Trading Down 1.2 %

The stock has a 50-day simple moving average of $8.70 and a 200-day simple moving average of $9.42. The company has a market cap of $688.17 million, a price-to-earnings ratio of -11.84 and a beta of -0.14.

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

Institutional Investors Weigh In On WalkMe

A number of institutional investors and hedge funds have recently modified their holdings of WKME. Barclays PLC acquired a new position in WalkMe during the second quarter valued at $76,000. ARK Investment Management LLC increased its position in WalkMe by 34.5% in the 3rd quarter. ARK Investment Management LLC now owns 253,573 shares of the company's stock worth $2,404,000 after purchasing an additional 65,012 shares during the last quarter. M&T Bank Corp increased its position in WalkMe by 23.4% in the 3rd quarter. M&T Bank Corp now owns 12,997 shares of the company's stock worth $123,000 after purchasing an additional 2,464 shares during the last quarter. Jump Financial LLC acquired a new position in WalkMe in the 3rd quarter worth about $142,000. Finally, Prosperity Wealth Management Inc. increased its position in WalkMe by 6.9% in the 3rd quarter. Prosperity Wealth Management Inc. now owns 32,110 shares of the company's stock worth $304,000 after purchasing an additional 2,060 shares during the last quarter. 70.91% of the stock is owned by institutional investors and hedge funds.

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.