WalkMe (NASDAQ:WKME) Rating Reiterated by Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of WalkMe (NASDAQ:WKMEFree Report) in a report released on Thursday, Benzinga reports.

WKME has been the topic of several other reports. Citigroup decreased their price target on shares of WalkMe from $11.00 to $10.00 and set a neutral rating on the stock in a research note on Thursday, May 23rd. Wells Fargo & Company decreased their price target on shares of WalkMe from $14.00 to $12.00 and set an overweight rating on the stock in a research note on Friday, May 3rd. TheStreet raised shares of WalkMe from a d rating to a c- rating in a research note on Wednesday, February 21st. KeyCorp started coverage on shares of WalkMe in a research note on Thursday, March 21st. They issued a sector weight rating on the stock. Finally, BMO Capital Markets decreased their price target on shares of WalkMe from $11.50 to $10.00 and set a market perform rating on the stock in a research note on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $12.86.

View Our Latest Stock Report on WKME

WalkMe Stock Down 0.2 %

Shares of WKME opened at $13.75 on Thursday. WalkMe has a 52-week low of $7.60 and a 52-week high of $13.82. The stock has a market cap of $1.19 billion, a PE ratio of -31.25 and a beta of -0.01. The firm’s fifty day moving average is $8.52 and its two-hundred day moving average is $9.34.

Institutional Investors Weigh In On WalkMe

Institutional investors have recently made changes to their positions in the stock. Citigroup Inc. increased its position in shares of WalkMe by 6.5% during the third quarter. Citigroup Inc. now owns 24,060 shares of the company’s stock valued at $228,000 after acquiring an additional 1,472 shares during the last quarter. Corton Capital Inc. grew its holdings in shares of WalkMe by 114.1% in the third quarter. Corton Capital Inc. now owns 39,851 shares of the company’s stock valued at $378,000 after purchasing an additional 21,236 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of WalkMe in the third quarter valued at approximately $884,000. Jump Financial LLC acquired a new position in shares of WalkMe in the third quarter valued at approximately $142,000. Finally, Trexquant Investment LP acquired a new position in shares of WalkMe in the fourth quarter valued at approximately $135,000. 70.91% of the stock is currently owned by institutional investors and hedge funds.

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

Analyst Recommendations for WalkMe (NASDAQ:WKME)

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