Traders Purchase High Volume of WalkMe Call Options (NASDAQ:WKME)

WalkMe Ltd. (NASDAQ:WKME – Get Rating) was the recipient of some unusual options trading on Monday. Investors bought 7,283 call options on the company. This represents an increase of approximately 13,906% compared to the typical daily volume of 52 call options.

Institutional Investors Weigh In On WalkMe

Large investors have recently bought and sold shares of the business. HighTower Advisors LLC acquired a new position in WalkMe during the 1st quarter worth $170,000. Clearbridge Investments LLC lifted its position in WalkMe by 46.9% during the 1st quarter. Clearbridge Investments LLC now owns 854,884 shares of the company’s stock worth $12,900,000 after acquiring an additional 272,756 shares during the last quarter. EVR Research LP acquired a new position in shares of WalkMe during the first quarter valued at about $11,368,000. Royal Bank of Canada raised its position in shares of WalkMe by 29.5% during the first quarter. Royal Bank of Canada now owns 69,624 shares of the company’s stock valued at $1,051,000 after buying an additional 15,877 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of WalkMe during the first quarter valued at about $25,000. 61.04% of the stock is currently owned by institutional investors.

WalkMe Stock Down 4.8 %

WalkMe stock opened at $9.52 on Tuesday. The stock has a market cap of $786.83 million, a P/E ratio of -8.50 and a beta of -0.23. WalkMe has a 12 month low of $6.87 and a 12 month high of $14.80. The company’s fifty day simple moving average is $9.98 and its 200-day simple moving average is $9.83.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price objective on shares of WalkMe in a research report on Wednesday, April 19th. Wells Fargo & Company lifted their target price on WalkMe from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Thursday, February 16th. 51job reiterated a “maintains” rating on shares of WalkMe in a research report on Thursday, May 18th. BMO Capital Markets dropped their target price on WalkMe from $11.00 to $10.50 in a report on Thursday, May 18th. Finally, Morgan Stanley dropped their price target on WalkMe from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Thursday, February 16th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $12.21.

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.