Barclays Cuts WalkMe (NASDAQ:WKME) Price Target to $8.50

WalkMe (NASDAQ:WKME) had its target price decreased by Barclays from $10.00 to $8.50 in a research report report published on Monday, Benzinga reports. Barclays currently has an underweight rating on the stock.

WKME has been the topic of a number of other reports. Needham & Company LLC reiterated a buy rating and issued a $20.00 price objective on shares of WalkMe in a research report on Thursday, February 22nd. KeyCorp started coverage on WalkMe in a report on Thursday, March 21st. They issued a sector weight rating for the company. Wells Fargo & Company raised their target price on WalkMe from $12.00 to $14.00 and gave the company an overweight rating in a report on Thursday, February 22nd. Finally, TheStreet raised WalkMe from a d rating to a c- rating in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $13.75.

WalkMe Stock Down 1.8 %

Shares of WalkMe stock opened at $7.79 on Monday. The firm has a market capitalization of $676.02 million, a P/E ratio of -11.63 and a beta of -0.13. WalkMe has a 52 week low of $7.61 and a 52 week high of $11.44. The firm’s 50 day moving average is $9.03 and its two-hundred day moving average is $9.48.

WalkMe (NASDAQ:WKME) last announced its earnings results on Wednesday, February 21st. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.03. The business had revenue of $67.89 million for the quarter, compared to analyst estimates of $67.23 million. WalkMe had a negative net margin of 22.15% and a negative return on equity of 71.73%. As a group, research analysts expect that WalkMe will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new position in shares of WalkMe during the 1st quarter worth $25,000. Qube Research & Technologies Ltd purchased a new stake in WalkMe during the 3rd quarter worth about $27,000. UBS Group AG purchased a new stake in WalkMe during the 3rd quarter worth about $35,000. State of Tennessee Treasury Department purchased a new stake in WalkMe during the 4th quarter worth about $49,000. Finally, Tower Research Capital LLC TRC increased its position in WalkMe by 744.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 5,309 shares of the company’s stock worth $56,000 after purchasing an additional 4,680 shares in the last quarter. Institutional investors and hedge funds own 70.91% of the company’s stock.

About WalkMe

WalkMe Ltd. provides cloud-based digital adaption platform and associated professional services in the United States and internationally. The company's AI-driven digital adoption platform helps companies to effectively navigate change brought by technology, which stack, identifies, and delivers the personalized guidance and automation.