WalkMe Ltd. (NASDAQ:WKME) Short Interest Down 11.1% in February

WalkMe Ltd. (NASDAQ:WKME – Get Rating) saw a large drop in short interest in February. As of February 28th, there was short interest totalling 358,200 shares, a drop of 11.1% from the February 13th total of 403,100 shares. Based on an average trading volume of 97,400 shares, the days-to-cover ratio is currently 3.7 days. Approximately 2.1% of the shares of the company are short sold.

Analyst Ratings Changes

Several brokerages have recently commented on WKME. BMO Capital Markets lifted their target price on WalkMe from $10.50 to $13.00 and gave the stock an “outperform” rating in a research report on Thursday, February 16th. Wells Fargo & Company boosted their price objective on WalkMe from $12.00 to $13.00 and gave the company an “overweight” rating in a research report on Thursday, February 16th. Citigroup boosted their price objective on WalkMe from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, February 17th. Morgan Stanley reduced their price objective on WalkMe from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Thursday, February 16th. Finally, The Goldman Sachs Group reduced their price objective on WalkMe from $16.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, November 16th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.75.

WalkMe Price Performance

Shares of WalkMe stock opened at $9.32 on Monday. The business’s fifty day moving average price is $10.34 and its two-hundred day moving average price is $9.57. The company has a market capitalization of $770.30 million, a P/E ratio of -8.55 and a beta of -0.30. WalkMe has a 1-year low of $6.87 and a 1-year high of $17.95.

WalkMe (NASDAQ:WKME – Get Rating) last announced its earnings results on Wednesday, February 15th. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.02. The firm had revenue of $64.86 million for the quarter, compared to the consensus estimate of $63.75 million. WalkMe had a negative return on equity of 105.46% and a negative net margin of 37.81%. On average, research analysts expect that WalkMe will post -0.69 earnings per share for the current fiscal year.

Institutional Trading of WalkMe

Hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new stake in shares of WalkMe in the 1st quarter worth $25,000. Lazard Asset Management LLC bought a new stake in shares of WalkMe in the 3rd quarter worth $39,000. Altshuler Shaham Ltd bought a new stake in shares of WalkMe in the 3rd quarter worth $43,000. Trexquant Investment LP bought a new stake in shares of WalkMe in the 3rd quarter worth $111,000. Finally, Marshall Wace LLP bought a new stake in shares of WalkMe in the 3rd quarter worth $128,000. Institutional investors own 61.04% of the company’s stock.

About WalkMe

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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.