WalkMe Ltd. (NASDAQ:WKME – Get Rating) shares gapped down prior to trading on Friday . The stock had previously closed at $10.70, but opened at $10.10. WalkMe shares last traded at $10.10, with a volume of 6 shares changing hands.
Wall Street Analyst Weigh In
Several research firms recently weighed in on WKME. Morgan Stanley decreased their target price on WalkMe from $13.00 to $12.00 and set an "equal weight" rating for the company in a research note on Wednesday, November 16th. The Goldman Sachs Group dropped their target price on shares of WalkMe from $16.00 to $12.00 and set a "buy" rating on the stock in a research report on Wednesday, November 16th. Barclays downgraded shares of WalkMe from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $15.00 to $9.00 in a research note on Tuesday, October 18th. Finally, BMO Capital Markets cut their target price on WalkMe from $14.00 to $10.50 in a research report on Wednesday, November 16th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, WalkMe currently has a consensus rating of "Moderate Buy" and an average price target of $14.69.
Get WalkMe alerts:WalkMe Trading Down 7.9 %
The company has a 50 day simple moving average of $9.16 and a 200 day simple moving average of $9.65. The stock has a market capitalization of $814.93 million, a PE ratio of -8.29 and a beta of -0.27.
Institutional Investors Weigh In On WalkMe
Several hedge funds have recently modified their holdings of WKME. Quantbot Technologies LP purchased a new position in WalkMe during the 1st quarter worth $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in WalkMe in the second quarter valued at about $33,000. Lazard Asset Management LLC purchased a new stake in WalkMe in the 3rd quarter valued at approximately $39,000. Altshuler Shaham Ltd acquired a new position in WalkMe during the 3rd quarter worth approximately $43,000. Finally, Trexquant Investment LP purchased a new position in shares of WalkMe during the 3rd quarter worth approximately $111,000. 61.04% of the stock is owned by institutional investors and hedge funds.WalkMe Company Profile
(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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