WalkMe (NASDAQ:WKME) PT Raised to $11.00 at BMO Capital Markets

WalkMe (NASDAQ:WKME) had its price objective lifted by research analysts at BMO Capital Markets from $9.50 to $11.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 10.00% from the stock’s previous close.

WKME has been the subject of several other reports. Needham & Company LLC reissued a “buy” rating and set a $20.00 price objective on shares of WalkMe in a report on Thursday, October 26th. Barclays reduced their price objective on WalkMe from $10.00 to $9.00 in a report on Wednesday, July 19th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.29.

WalkMe Trading Down 0.4 %

Shares of NASDAQ WKME opened at $10.00 on Wednesday. The stock has a fifty day simple moving average of $8.99 and a two-hundred day simple moving average of $9.14. WalkMe has a 1-year low of $7.82 and a 1-year high of $11.90. The firm has a market cap of $826.50 million, a price-to-earnings ratio of -10.64 and a beta of -0.24.

Hedge Funds Weigh In On WalkMe

A number of large investors have recently made changes to their positions in the stock. GSA Capital Partners LLP bought a new stake in WalkMe during the third quarter valued at $183,000. Sei Investments Co. bought a new stake in WalkMe during the third quarter valued at $188,000. Legal & General Group Plc bought a new stake in WalkMe during the third quarter valued at $166,000. Corton Capital Inc. boosted its stake in WalkMe by 114.1% during the third quarter. Corton Capital Inc. now owns 39,851 shares of the company’s stock valued at $378,000 after buying an additional 21,236 shares during the period. Finally, B. Riley Asset Management LLC boosted its stake in WalkMe by 9.0% during the third quarter. B. Riley Asset Management LLC now owns 1,318,554 shares of the company’s stock valued at $12,500,000 after buying an additional 108,798 shares during the period.

WalkMe Company Profile

WalkMe Ltd. provides cloud-based digital adaption platform and associated professional services in the United States and internationally. The company's digital transformation intelligence provides software stack, actionable insights, and data services. It also provides workflows and applications in the form of UI elements.