WalkMe (NASDAQ:WKME – Get Rating) posted its quarterly earnings data on Monday. The company reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.01, MarketWatch Earnings reports. WalkMe had a negative net margin of 49.57% and a negative return on equity of 50.71%. The company had revenue of $56.85 million during the quarter, compared to the consensus estimate of $56.10 million. The business’s quarterly revenue was up 33.3% on a year-over-year basis. WalkMe updated its FY 2022 guidance to EPS and its Q2 2022 guidance to EPS.
Shares of NASDAQ:WKME traded down $4.19 during midday trading on Tuesday, reaching $8.01. The company had a trading volume of 38,945 shares, compared to its average volume of 181,108. The company has a fifty day simple moving average of $14.54 and a two-hundred day simple moving average of $16.74. WalkMe has a 1-year low of $11.40 and a 1-year high of $34.42.
A number of institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new stake in shares of WalkMe during the 1st quarter worth about $25,000. Royal Bank of Canada boosted its stake in WalkMe by 29.5% during the first quarter. Royal Bank of Canada now owns 69,624 shares of the company’s stock worth $1,051,000 after buying an additional 15,877 shares in the last quarter. EVR Research LP bought a new stake in WalkMe in the 1st quarter valued at $11,368,000. Clearbridge Investments LLC grew its holdings in shares of WalkMe by 46.9% in the 1st quarter. Clearbridge Investments LLC now owns 854,884 shares of the company’s stock worth $12,900,000 after purchasing an additional 272,756 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in WalkMe during the 1st quarter worth about $170,000. 85.45% of the stock is owned by hedge funds and other institutional investors.
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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