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

Shares of WalkMe Ltd. (NASDAQ:WKME) saw an uptick in trading volume on Wednesday . 372,245 shares changed hands during trading, a decline of 10% from the previous session’s volume of 411,944 shares.The stock last traded at $13.90 and had previously closed at $13.88.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WKME. Citigroup decreased their price objective on WalkMe from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, May 23rd. BMO Capital Markets decreased their price objective on WalkMe from $11.50 to $10.00 and set a “market perform” rating for the company in a report on Thursday, May 23rd. Barclays decreased their price objective on WalkMe from $8.50 to $8.00 and set an “underweight” rating for the company in a report on Thursday, May 23rd. Morgan Stanley decreased their price objective on WalkMe from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. Finally, Wells Fargo & Company decreased their price target on WalkMe from $14.00 to $12.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, WalkMe presently has a consensus rating of “Hold” and an average price target of $12.86.

WalkMe Trading Up 0.1 %

The company has a fifty day moving average of $10.83 and a 200-day moving average of $9.91.

WalkMe (NASDAQ:WKME) last announced its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.06. The firm had revenue of $68.57 million during the quarter, compared to the consensus estimate of $68.10 million. WalkMe had a negative return on equity of 43.53% and a negative net margin of 14.52%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WKME. Citigroup Inc. grew its stake in WalkMe by 6.5% in the 3rd quarter. Citigroup Inc. now owns 24,060 shares of the company’s stock valued at $228,000 after purchasing an additional 1,472 shares during the period. Trexquant Investment LP bought a new position in shares of WalkMe during the 4th quarter worth $135,000. Circumference Group LLC bought a new position in shares of WalkMe during the 4th quarter worth $977,000. Scalar Gauge Management LLC bought a new position in shares of WalkMe during the 4th quarter worth $6,083,000. Finally, Quadrature Capital Ltd grew its stake in shares of WalkMe by 203.9% during the 4th quarter. Quadrature Capital Ltd now owns 59,862 shares of the company’s stock worth $637,000 after acquiring an additional 40,161 shares during the period. 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.