WalkMe Ltd. (NASDAQ:WKME) Shares Acquired by Citigroup Inc.

Citigroup Inc. raised its position in WalkMe Ltd. (NASDAQ:WKME) by 6.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,060 shares of the company’s stock after buying an additional 1,472 shares during the quarter. Citigroup Inc.’s holdings in WalkMe were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of WKME. EVR Research LP increased its position in WalkMe by 0.7% during the 2nd quarter. EVR Research LP now owns 3,030,000 shares of the company’s stock worth $29,088,000 after purchasing an additional 20,000 shares in the last quarter. B. Riley Asset Management LLC grew its stake in WalkMe by 9.0% in the third quarter. B. Riley Asset Management LLC now owns 1,318,554 shares of the company’s stock worth $12,500,000 after purchasing an additional 108,798 shares in the last quarter. FMR LLC lifted its holdings in WalkMe by 1.5% during the 1st quarter. FMR LLC now owns 1,102,087 shares of the company’s stock worth $11,726,000 after buying an additional 16,760 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of WalkMe by 46.9% in the 1st quarter. Clearbridge Investments LLC now owns 854,884 shares of the company’s stock valued at $12,900,000 after acquiring an additional 272,756 shares during the last quarter. Finally, Boothbay Fund Management LLC lifted its position in shares of WalkMe by 55.1% in the 2nd quarter. Boothbay Fund Management LLC now owns 541,778 shares of the company’s stock worth $5,201,000 after buying an additional 192,399 shares during the last quarter. 70.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WKME has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of WalkMe in a report on Thursday, February 22nd. KeyCorp assumed coverage on WalkMe in a research report on Thursday, March 21st. They set a “sector weight” rating for the company. Wells Fargo & Company raised their price target on WalkMe from $12.00 to $14.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Barclays lowered shares of WalkMe from an “equal weight” rating to an “underweight” rating and set a $10.00 target price for the company. in a research report on Friday, January 12th. Finally, TheStreet raised shares of WalkMe from a “d” rating to a “c-” rating in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, WalkMe presently has an average rating of “Hold” and a consensus target price of $14.00.

WalkMe Stock Performance

Shares of WKME opened at $8.60 on Friday. The company’s 50 day moving average price is $9.57 and its 200 day moving average price is $9.51. WalkMe Ltd. has a 52 week low of $7.82 and a 52 week high of $11.44. The company has a market capitalization of $746.31 million, a PE ratio of -12.84 and a beta of -0.12.

WalkMe (NASDAQ:WKME) last posted its 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. WalkMe had a negative net margin of 22.15% and a negative return on equity of 71.73%. The business had revenue of $67.89 million for the quarter, compared to analyst estimates of $67.23 million. On average, equities analysts forecast that WalkMe Ltd. will post -0.43 earnings per share for the current fiscal year.

WalkMe 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.