Glazer Capital LLC Invests $5.51 Million in WalkMe Ltd. (NASDAQ:WKME)

Glazer Capital LLC purchased a new stake in WalkMe Ltd. (NASDAQ:WKME) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 394,709 shares of the company’s stock, valued at approximately $5,514,000. Glazer Capital LLC owned 0.45% of WalkMe as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Trexquant Investment LP purchased a new stake in shares of WalkMe in the 4th quarter worth $135,000. California State Teachers Retirement System lifted its stake in WalkMe by 9.1% in the first 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 period. Pentwater Capital Management LP bought a new position in WalkMe during the 2nd quarter worth about $251,000. Tidal Investments LLC purchased a new position in WalkMe during the 1st quarter valued at about $289,000. Finally, Quadrature Capital Ltd lifted its position in shares of WalkMe by 14.8% in the 1st quarter. Quadrature Capital Ltd now owns 68,703 shares of the company’s stock worth $589,000 after purchasing an additional 8,841 shares during the period. Institutional investors own 70.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reissued a “hold” rating on shares of WalkMe in a research note on Thursday, June 6th. 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.86.

WalkMe Price Performance

Shares of WKME stock opened at $13.95 on Tuesday. The stock’s fifty day moving average price is $13.88 and its 200 day moving average price is $11.43. WalkMe Ltd. has a 1-year low of $7.60 and a 1-year high of $14.09. The company has a market cap of $1.21 billion, a price-to-earnings ratio of -31.70 and a beta of 0.16.

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

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.