WalkMe (NASDAQ:WKME) Shares Gap Up to $7.72

Shares of WalkMe Ltd. (NASDAQ:WKMEGet Rating) gapped up before the market opened on Tuesday . The stock had previously closed at $7.72, but opened at $8.23. WalkMe shares last traded at $8.42, with a volume of 456 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WKME shares. Barclays downgraded WalkMe from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $15.00 to $9.00 in a report on Tuesday, October 18th. The Goldman Sachs Group reduced their target price on WalkMe from $16.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday. BMO Capital Markets reduced their target price on WalkMe from $14.00 to $10.50 in a report on Wednesday. Finally, Morgan Stanley reduced their target price on WalkMe from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, WalkMe has an average rating of “Moderate Buy” and a consensus target price of $14.69.

WalkMe Price Performance

The firm has a 50 day moving average of $8.59 and a two-hundred day moving average of $10.06.

Institutional Trading of WalkMe

Several hedge funds and other institutional investors have recently made changes to their positions in WKME. Envestnet Asset Management Inc. grew its stake in shares of WalkMe by 70.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 38,379 shares of the company’s stock worth $579,000 after buying an additional 15,858 shares during the last quarter. Vitruvian Partners LLP lifted its position in WalkMe by 6.1% in the 1st quarter. Vitruvian Partners LLP now owns 5,921,122 shares of the company’s stock valued at $89,350,000 after acquiring an additional 339,296 shares in the last quarter. Inverness Counsel LLC NY bought a new position in WalkMe in the 1st quarter valued at approximately $189,000. HighTower Advisors LLC bought a new position in WalkMe in the 1st quarter valued at approximately $170,000. Finally, Clearbridge Investments LLC lifted its position in WalkMe by 46.9% in the 1st quarter. Clearbridge Investments LLC now owns 854,884 shares of the company’s stock valued at $12,900,000 after acquiring an additional 272,756 shares in the last quarter. Hedge funds and other institutional investors own 59.92% of the company’s stock.

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.

Featured Stories

Receive News & Ratings for WalkMe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WalkMe and related companies with MarketBeat.com's FREE daily email newsletter.