WalkMe (NASDAQ:WKME) Shares Gap Down to $8.72
WalkMe Ltd. (NASDAQ:WKME – Get Rating)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $8.72, but opened at $8.08. WalkMe shares last traded at $8.49, with a volume of 448 shares trading hands.
Several brokerages recently issued reports on WKME. BMO Capital Markets began coverage on WalkMe in a research report on Thursday, May 26th. They set a “buy” rating and a $10.00 target price on the stock. KeyCorp reduced their target price on WalkMe from $23.00 to $20.00 and set an “overweight” rating on the stock in a research report on Monday, April 25th. Morgan Stanley began coverage on WalkMe in a research note on Tuesday, June 7th. They set an “equal weight” rating and a $13.00 price target on the stock. The Goldman Sachs Group lowered their target price on WalkMe from $23.00 to $18.00 and set a “buy” rating on the stock in a research note on Tuesday, May 24th. Finally, Barclays lowered their target price on WalkMe from $23.00 to $15.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 25th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, WalkMe has an average rating of “Buy” and an average price target of $20.90.
The stock has a market cap of $703.37 million and a price-to-earnings ratio of -4.70. The firm has a fifty day moving average of $13.05 and a 200 day moving average of $15.40.
WalkMe (NASDAQ:WKME – Get Rating) last issued its quarterly earnings data on Monday, May 23rd. The company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.01. WalkMe had a negative return on equity of 33.65% and a negative net margin of 45.72%. The company had revenue of $56.85 million during the quarter, compared to analyst estimates of $56.10 million. WalkMe’s revenue was up 33.3% compared to the same quarter last year. On average, analysts forecast that WalkMe Ltd. will post -1.14 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in WKME. Allspring Global Investments Holdings LLC purchased a new position in shares of WalkMe during the fourth quarter worth $19,046,000. EDBI Pte Ltd purchased a new position in WalkMe in the fourth quarter valued at $14,955,000. EVR Research LP purchased a new position in WalkMe in the first quarter valued at $11,368,000. Vitruvian Partners LLP boosted its holdings in WalkMe by 6.1% in the first quarter. Vitruvian Partners LLP now owns 5,921,122 shares of the company’s stock valued at $89,350,000 after purchasing an additional 339,296 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in WalkMe by 46.9% in the first 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 period. Institutional investors and hedge funds own 85.45% of the company’s stock.
WalkMe Company Profile (NASDAQ:WKME)
WalkMe Ltd. provides cloud-based digital adoption platform in the United States and internationally. Its digital adoption platform enables organizations to measure, drive, and act to maximize the impact of their digital transformation and accelerate the return on their software investment. The company was formerly known as Make Tutorial Ltd.
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