WalkMe Ltd. (NASDAQ:WKME) Short Interest Update

WalkMe Ltd. (NASDAQ:WKME) was the target of a large decline in short interest in July. As of July 15th, there was short interest totalling 555,200 shares, a decline of 31.8% from the June 30th total of 813,700 shares. Currently, 2.0% of the company’s stock are short sold. Based on an average daily volume of 785,500 shares, the short-interest ratio is currently 0.7 days.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Citigroup reduced their price target on WalkMe from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, May 23rd. Barclays reduced their price target on WalkMe from $8.50 to $8.00 and set an “underweight” rating for the company in a research report on Thursday, May 23rd. Morgan Stanley reduced their price target on WalkMe from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. BMO Capital Markets reduced their price target on WalkMe from $11.50 to $10.00 and set a “market perform” rating for the company in a research report on Thursday, May 23rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of WalkMe in a research report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $12.86.

Hedge Funds Weigh In On WalkMe

A number of hedge funds have recently bought and sold shares of the business. ARK Investment Management LLC boosted its position in WalkMe by 35.5% during the second quarter. ARK Investment Management LLC now owns 271,592 shares of the company’s stock worth $3,794,000 after purchasing an additional 71,094 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of WalkMe during the first quarter valued at approximately $289,000. California State Teachers Retirement System raised its holdings in shares of WalkMe by 9.1% during the first quarter. California State Teachers Retirement System now owns 26,070 shares of the company’s stock valued at $224,000 after acquiring an additional 2,166 shares during the last quarter. Quadrature Capital Ltd raised its holdings in shares of WalkMe by 14.8% during the first quarter. Quadrature Capital Ltd now owns 68,703 shares of the company’s stock valued at $589,000 after acquiring an additional 8,841 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of WalkMe by 74.2% during the first quarter. Acadian Asset Management LLC now owns 256,431 shares of the company’s stock valued at $2,190,000 after acquiring an additional 109,187 shares during the last quarter. Hedge funds and other institutional investors own 70.91% of the company’s stock.

WalkMe Stock Up 0.1 %

Shares of WKME traded up $0.02 during mid-day trading on Friday, reaching $13.87. The company had a trading volume of 583,855 shares, compared to its average volume of 335,206. WalkMe has a 52-week low of $7.60 and a 52-week high of $14.09. The stock has a 50 day moving average of $12.68 and a two-hundred day moving average of $10.33.

WalkMe (NASDAQ:WKME) last issued its earnings results on Wednesday, May 22nd. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.06. WalkMe had a negative return on equity of 43.53% and a negative net margin of 14.52%. The firm had revenue of $68.57 million for the quarter, compared to the consensus estimate of $68.10 million.

About WalkMe

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.