WalkMe Ltd. (NASDAQ:WKME – Get Rating) shares rose 9.8% during trading on Thursday . The stock traded as high as $10.57 and last traded at $10.57. Approximately 461 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 117,312 shares. The stock had previously closed at $9.63.
Analyst Ratings Changes
Several brokerages have recently weighed in on WKME. Morgan Stanley cut their price objective on shares of WalkMe from $13.00 to $12.00 and set an "equal weight" rating on the stock in a report on Wednesday, November 16th. BMO Capital Markets cut their price target on shares of WalkMe from $14.00 to $10.50 in a research note on Wednesday, November 16th. The Goldman Sachs Group lowered their price objective on shares of WalkMe from $16.00 to $12.00 and set a "buy" rating for the company in a research note on Wednesday, November 16th. Finally, Barclays lowered WalkMe from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $15.00 to $9.00 in a research report on Tuesday, October 18th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $14.69.
Get WalkMe alerts:WalkMe Stock Performance
The company's fifty day moving average is $8.77 and its two-hundred day moving average is $9.58. The firm has a market cap of $870.30 million, a price-to-earnings ratio of -8.88 and a beta of 0.02.
Institutional Investors Weigh In On WalkMe
Institutional investors and hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new position in WalkMe during the 1st quarter worth approximately $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of WalkMe during the second quarter worth $33,000. Lazard Asset Management LLC purchased a new position in shares of WalkMe in the third quarter valued at $39,000. Altshuler Shaham Ltd acquired a new stake in WalkMe during the 3rd quarter valued at $43,000. Finally, Trexquant Investment LP purchased a new stake in WalkMe during the 3rd quarter worth $111,000. Hedge funds and other institutional investors own 61.04% 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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