Cubist Systematic Strategies LLC bought a new stake in WalkMe Ltd. (NASDAQ:WKME – Free Report) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 76,812 shares of the company’s stock, valued at approximately $1,073,000.
A number of other institutional investors also recently made changes to their positions in the business. California State Teachers Retirement System raised its position in shares of WalkMe by 9.1% in the 1st quarter. California State Teachers Retirement System now owns 26,070 shares of the company’s stock valued at $224,000 after purchasing an additional 2,166 shares in the last quarter. Quadrature Capital Ltd raised its position in shares of WalkMe by 14.8% in the 1st quarter. Quadrature Capital Ltd now owns 68,703 shares of the company’s stock valued at $589,000 after purchasing an additional 8,841 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of WalkMe in the 4th quarter valued at approximately $135,000. Pentwater Capital Management LP acquired a new position in shares of WalkMe in the 2nd quarter valued at approximately $251,000. Finally, Tidal Investments LLC acquired a new position in shares of WalkMe in the 1st quarter valued at approximately $289,000. 70.91% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Needham & Company LLC reissued a “hold” rating on shares of WalkMe in a research report on Thursday, June 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $12.86.
WalkMe Stock Performance
WKME stock opened at $13.95 on Thursday. The firm has a market cap of $1.21 billion, a P/E ratio of -31.70 and a beta of 0.16. WalkMe Ltd. has a 12-month low of $7.60 and a 12-month high of $14.09. The stock’s 50 day simple moving average is $13.89 and its 200 day simple moving average is $11.67.
WalkMe (NASDAQ:WKME – Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. The firm had revenue of $69.51 million during the quarter, compared to the consensus estimate of $69.61 million. WalkMe had a negative return on equity of 9.60% and a negative net margin of 16.55%. WalkMe’s revenue was up 5.1% on a year-over-year basis.
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.
Further Reading
- Five stocks we like better than WalkMe
- What is an Earnings Surprise?
- S&P 500 Hitting Resistance: These 3 Stocks Offer the Best Upside
- 5 discounted opportunities for dividend growth investors
- Nike’s Post-Earnings Drop Presents a Buying Opportunity
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Microsoft’s Targeted Upside Might Be Too Good to Ignore
Want to see what other hedge funds are holding WKME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WalkMe Ltd. (NASDAQ:WKME – Free Report).
Receive News & Ratings for WalkMe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WalkMe and related companies with MarketBeat.com's FREE daily email newsletter.