WalkMe Ltd. (NASDAQ:WKME) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in WalkMe Ltd. (NASDAQ:WKME) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,006,334 shares of the company’s stock after selling 17,136 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in WalkMe were worth $10,738,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Citigroup Inc. raised its holdings in WalkMe by 6.3% in the 2nd quarter. Citigroup Inc. now owns 22,588 shares of the company’s stock worth $217,000 after purchasing an additional 1,347 shares during the period. Quantbot Technologies LP acquired a new position in WalkMe in the 1st quarter worth about $25,000. Renaissance Technologies LLC raised its holdings in WalkMe by 14.0% in the 4th quarter. Renaissance Technologies LLC now owns 13,800 shares of the company’s stock worth $154,000 after purchasing an additional 1,700 shares during the period. LPL Financial LLC raised its holdings in WalkMe by 8.6% in the 2nd quarter. LPL Financial LLC now owns 21,975 shares of the company’s stock worth $211,000 after purchasing an additional 1,746 shares during the period. Finally, Prosperity Wealth Management Inc. raised its holdings in WalkMe by 6.9% in the 3rd quarter. Prosperity Wealth Management Inc. now owns 32,110 shares of the company’s stock worth $304,000 after purchasing an additional 2,060 shares during the period. Institutional investors and hedge funds own 70.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on WKME shares. Barclays reduced their price target on WalkMe from $10.00 to $8.50 and set an “underweight” rating for the company in a report on Monday. KeyCorp initiated coverage on WalkMe in a report on Thursday, March 21st. They issued a “sector weight” rating for the company. TheStreet raised WalkMe from a “d” rating to a “c-” rating in a report on Wednesday, February 21st. Needham & Company LLC reissued a “buy” rating and set a $20.00 target price on shares of WalkMe in a report on Thursday, February 22nd. Finally, Wells Fargo & Company increased 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, WalkMe currently has a consensus rating of “Hold” and an average price target of $13.75.

WalkMe Stock Performance

WKME stock opened at $7.71 on Wednesday. The business has a 50 day simple moving average of $8.98 and a 200-day simple moving average of $9.46. WalkMe Ltd. has a 1 year low of $7.60 and a 1 year high of $11.44.

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

WalkMe Company Profile

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.