Morgan Stanley Lowers WalkMe (NASDAQ:WKME) Price Target to $11.00

WalkMe (NASDAQ:WKME) had its price objective dropped by investment analysts at Morgan Stanley from $12.00 to $11.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 37.67% from the company’s current price.

WKME has been the subject of several other research reports. Wells Fargo & Company upped their target price on shares of WalkMe from $12.00 to $14.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Barclays dropped their price objective on WalkMe from $10.00 to $8.50 and set an “underweight” rating on the stock in a research note on Monday. TheStreet upgraded WalkMe from a “d” rating to a “c-” rating in a report on Wednesday, February 21st. KeyCorp initiated coverage on WalkMe in a report on Thursday, March 21st. They issued a “sector weight” rating for the company. Finally, Needham & Company LLC reiterated a “buy” rating and set a $20.00 price objective on shares of WalkMe in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, WalkMe presently has a consensus rating of “Hold” and a consensus price target of $13.36.

WalkMe Stock Up 2.2 %

Shares of WalkMe stock opened at $7.99 on Wednesday. WalkMe has a 12 month low of $7.60 and a 12 month high of $11.19. The business has a fifty day simple moving average of $8.88 and a 200 day simple moving average of $9.44. The stock has a market cap of $693.37 million, a PE ratio of -11.93 and a beta of -0.14.

WalkMe (NASDAQ:WKME) last posted its earnings results on Wednesday, February 21st. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.03. The company had revenue of $67.89 million during the quarter, compared to analyst estimates of $67.23 million. WalkMe had a negative return on equity of 71.73% and a negative net margin of 22.15%. Analysts expect that WalkMe will post -0.43 EPS for the current fiscal year.

Institutional Trading of WalkMe

Institutional investors have recently modified their holdings of the company. Quadrature Capital Ltd grew its position in WalkMe by 203.9% in the fourth quarter. Quadrature Capital Ltd now owns 59,862 shares of the company’s stock valued at $637,000 after purchasing an additional 40,161 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of WalkMe during the 4th quarter worth approximately $114,000. GSA Capital Partners LLP boosted its holdings in shares of WalkMe by 310.1% in the 4th quarter. GSA Capital Partners LLP now owns 79,323 shares of the company’s stock valued at $846,000 after buying an additional 59,979 shares during the last quarter. Nuveen Asset Management LLC bought a new position in shares of WalkMe in the fourth quarter valued at $1,405,000. Finally, Occudo Quantitative Strategies LP acquired a new position in WalkMe during the fourth quarter worth $195,000. 70.91% of the stock is currently owned by institutional investors.

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.