WalkMe (NASDAQ:WKME) Stock Price Down 2.7%

WalkMe Ltd. (NASDAQ:WKMEGet Rating)’s stock price was down 2.7% during mid-day trading on Wednesday . The company traded as low as $8.15 and last traded at $8.15. Approximately 701 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 110,579 shares. The stock had previously closed at $8.38.

Analyst Ratings Changes

A number of research analysts recently issued reports on WKME shares. BMO Capital Markets decreased their price objective on shares of WalkMe from $14.00 to $10.50 in a research note on Wednesday, November 16th. The Goldman Sachs Group decreased their price objective on shares of WalkMe from $16.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, November 16th. Morgan Stanley decreased their price objective on shares of WalkMe from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 16th. Finally, Barclays cut shares of WalkMe from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $15.00 to $9.00 in a research note on Tuesday, October 18th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.69.

WalkMe Stock Up 0.2 %

The business’s 50 day simple moving average is $8.33 and its two-hundred day simple moving average is $9.79. The stock has a market cap of $694.26 million, a P/E ratio of -7.06 and a beta of -0.01.

Institutional Trading of WalkMe

Several institutional investors have recently modified their holdings of WKME. EVR Research LP bought a new stake in shares of WalkMe in the first quarter worth $11,368,000. Portolan Capital Management LLC grew its stake in shares of WalkMe by 254.2% in the third quarter. Portolan Capital Management LLC now owns 856,020 shares of the company’s stock worth $7,276,000 after purchasing an additional 614,339 shares during the last quarter. B. Riley Asset Management LLC bought a new stake in shares of WalkMe in the second quarter worth $3,382,000. Clearbridge Investments LLC grew its stake in shares of WalkMe by 46.9% in the first quarter. Clearbridge Investments LLC now owns 854,884 shares of the company’s stock worth $12,900,000 after purchasing an additional 272,756 shares during the last quarter. Finally, FMR LLC grew its stake in shares of WalkMe by 30.3% in the second quarter. FMR LLC now owns 1,089,750 shares of the company’s stock worth $11,039,000 after purchasing an additional 253,575 shares during the last quarter. Institutional investors own 59.92% of the company’s stock.

About WalkMe

(Get Rating)

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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