Workiva Inc. (NYSE:WK) Given Average Rating of “Moderate Buy” by Analysts

Workiva Inc. (NYSE:WK) has been given an average rating of “Moderate Buy” by the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $105.14.

Several analysts have issued reports on WK shares. Citigroup upped their price target on shares of Workiva from $103.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. BMO Capital Markets restated an “outperform” rating and issued a $96.00 price objective on shares of Workiva in a research note on Tuesday, June 11th. Robert W. Baird dropped their price objective on shares of Workiva from $105.00 to $94.00 and set an “outperform” rating on the stock in a research report on Thursday, June 27th. StockNews.com raised shares of Workiva from a “hold” rating to a “buy” rating in a report on Thursday. Finally, William Blair reissued an “outperform” rating on shares of Workiva in a report on Friday, May 3rd.

Insider Buying and Selling at Workiva

In other news, EVP Michael D. Hawkins sold 3,435 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $81.46, for a total transaction of $279,815.10. Following the transaction, the executive vice president now directly owns 55,487 shares of the company’s stock, valued at $4,519,971.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.86% of the company’s stock.

Institutional Trading of Workiva

Several large investors have recently modified their holdings of WK. EntryPoint Capital LLC bought a new stake in Workiva during the first quarter worth about $40,000. Fidelis Capital Partners LLC acquired a new position in shares of Workiva in the 1st quarter valued at approximately $45,000. RiverPark Advisors LLC raised its position in shares of Workiva by 361.5% in the 1st quarter. RiverPark Advisors LLC now owns 1,140 shares of the software maker’s stock valued at $97,000 after buying an additional 893 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Workiva during the 4th quarter worth approximately $107,000. Finally, Fifth Third Bancorp increased its stake in Workiva by 9.0% in the first quarter. Fifth Third Bancorp now owns 1,692 shares of the software maker’s stock valued at $143,000 after acquiring an additional 140 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Workiva Stock Performance

NYSE:WK opened at $74.52 on Friday. The stock’s 50-day simple moving average is $74.83 and its 200 day simple moving average is $82.52. Workiva has a 52-week low of $69.40 and a 52-week high of $116.00. The company has a market cap of $4.09 billion, a P/E ratio of -43.29 and a beta of 1.07.

Workiva (NYSE:WK) last posted its quarterly earnings results on Thursday, May 2nd. The software maker reported ($0.19) earnings per share for the quarter, hitting the consensus estimate of ($0.19). The company had revenue of $175.67 million for the quarter, compared to analyst estimates of $173.85 million. As a group, equities analysts predict that Workiva will post -0.62 earnings per share for the current fiscal year.

About Workiva

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.