Slotnik Capital LLC Buys New Position in WalkMe Ltd. (NASDAQ:WKME)

Slotnik Capital LLC purchased a new position in WalkMe Ltd. (NASDAQ:WKME) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 750,181 shares of the company’s stock, valued at approximately $10,480,000. WalkMe makes up approximately 5.1% of Slotnik Capital LLC’s holdings, making the stock its 7th largest holding. Slotnik Capital LLC owned approximately 0.86% of WalkMe at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Trexquant Investment LP bought a new position in shares of WalkMe during the 4th quarter valued at about $135,000. Pentwater Capital Management LP purchased a new position in shares of WalkMe during the second quarter worth approximately $251,000. California State Teachers Retirement System lifted its holdings in shares of WalkMe by 9.1% in the 1st quarter. California State Teachers Retirement System now owns 26,070 shares of the company’s stock worth $224,000 after acquiring an additional 2,166 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of WalkMe in the 1st quarter valued at $289,000. Finally, Quadrature Capital Ltd grew its holdings in shares of WalkMe by 203.9% during the 4th quarter. Quadrature Capital Ltd now owns 59,862 shares of the company’s stock valued at $637,000 after purchasing an additional 40,161 shares during the last quarter. Institutional investors own 70.91% of the company’s stock.

WalkMe Price Performance

Shares of WKME opened at $13.95 on Tuesday. The stock has a market capitalization of $1.21 billion, a P/E ratio of -31.70 and a beta of 0.16. WalkMe Ltd. has a twelve month low of $7.60 and a twelve month high of $14.09. The firm has a fifty day simple moving average of $13.88 and a two-hundred day simple moving average of $11.43.

WalkMe (NASDAQ:WKME) last posted its earnings results on Thursday, August 1st. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. WalkMe had a negative net margin of 16.55% and a negative return on equity of 9.60%. The company had revenue of $69.51 million during the quarter, compared to analyst estimates of $69.61 million. The firm’s quarterly revenue was up 5.1% on a year-over-year basis.

Analysts Set New Price Targets

Separately, Needham & Company LLC reissued a “hold” rating on shares of WalkMe in a research note on Thursday, June 6th. One equities 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, WalkMe presently has an average rating of “Hold” and an average price target of $12.86.

WalkMe Profile

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.