WalkMe Ltd (NASDAQ: WKME) is 29.99% higher on its value in year-to-date trading and has touched a low of $7.60 and a high of $14.09 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WKME stock was last observed hovering at around $13.84 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $13.87, the stock is 0.16% and -0.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing 0.22% at the moment leaves the stock 30.25% off its SMA200. WKME registered 33.75% gain for a year compared to 6-month gain of 48.50%.
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The stock witnessed a -0.07% loss in the last 1 month and extending the period to 3 months gives it a 52.42%, and is 0.14% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.20% over the week and 0.38% over the month.
WalkMe Ltd (WKME) has around 1000 employees, a market worth around $1.30B and $272.99M in sales. Fwd P/E is 64.64. Profit margin for the company is -16.55%. Distance from 52-week low is 82.50% and -1.56% from its 52-week high. The company has generated returns on investments over the last 12 months (-16.77%).
with sales reaching $70.97M over the same period.The EPS is expected to grow by 253.68% this year, but quarterly earnings will post 5.50% year-over-year. Quarterly sales are estimated to grow 5.90% in year-over-year returns.
WalkMe Ltd (WKME) Top Institutional Holders
The shares outstanding are 90.86M, and float is at 27.90M with Short Float at 1.78%.
The top institutional shareholder in the company is INSIGHT HOLDINGS GROUP, LLC with over 24.25 million shares valued at $338.83 million. The investor’s holdings represent 26.5586% of the WKME Shares outstanding. As of 2024-06-30, the second largest holder is STEPSTONE GROUP LP with 10.37 million shares valued at $$144.82 million to account for 11.352 of the shares outstanding. The other top investors are VITRUVIAN PARTNERS LLP which holds 5.92 million shares representing 6.4838% and valued at over $82.72 million, while FIL LTD holds 6.05 of the shares totaling 5.53 million with a market value of $77.18 million.
WalkMe Ltd (WKME) Insider Activity
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Still, SEC filings show that on Aug 28 ’24, DAN ADIKA (Officer) Proposed Sale 1,100 shares at an average price of $13.85 for $15235.0. The insider now directly holds shares of WalkMe Ltd (WKME).
