WalkMe (NASDAQ:WKME) Sees Large Volume Increase

WalkMe Ltd. (NASDAQ:WKMEGet Free Report) saw unusually-strong trading volume on Thursday . Approximately 275,686 shares traded hands during mid-day trading, a decline of 5% from the previous session’s volume of 290,016 shares.The stock last traded at $13.80 and had previously closed at $13.78.

Analyst Ratings Changes

Several equities analysts recently commented on WKME shares. KeyCorp started coverage on WalkMe in a research note on Thursday, March 21st. They issued a “sector weight” rating on the stock. Morgan Stanley dropped their target price on WalkMe from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 17th. Citigroup dropped their target price on WalkMe from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, May 23rd. BMO Capital Markets dropped their target price on WalkMe from $11.50 to $10.00 and set a “market perform” rating on the stock in a research report on Thursday, May 23rd. Finally, Wells Fargo & Company dropped their target price on WalkMe from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $12.86.

Get Our Latest Stock Report on WKME

WalkMe Price Performance

The firm’s fifty day moving average price is $8.63 and its two-hundred day moving average price is $9.37.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Trexquant Investment LP bought a new position in shares of WalkMe in the fourth quarter worth $135,000. Jump Financial LLC bought a new position in shares of WalkMe in the third quarter worth $142,000. California State Teachers Retirement System increased its holdings in shares of WalkMe by 9.1% in the first quarter. California State Teachers Retirement System now owns 26,070 shares of the company’s stock worth $224,000 after purchasing an additional 2,166 shares during the period. Citigroup Inc. increased its holdings in shares of WalkMe by 6.5% in the third quarter. Citigroup Inc. now owns 24,060 shares of the company’s stock worth $228,000 after purchasing an additional 1,472 shares during the period. Finally, Tidal Investments LLC bought a new position in WalkMe in the first quarter valued at $289,000. Institutional investors own 70.91% of the company’s stock.

WalkMe Company Profile

(Get Free Report)

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.

Further Reading

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