Workiva Inc. (NYSE:WK) Receives $95.00 Consensus PT from Analysts

Shares of Workiva Inc. (NYSE:WK) have earned an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $95.00.

Several brokerages have weighed in on WK. Northland Securities lowered their price target on Workiva from $106.00 to $95.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. StockNews.com downgraded Workiva from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd.

Workiva Price Performance

Shares of WK stock opened at $79.17 on Monday. Workiva has a 1-year low of $65.47 and a 1-year high of $105.00. The stock’s 50-day moving average is $77.86 and its 200 day moving average is $76.91. The company has a market cap of $4.37 billion, a P/E ratio of -47.98 and a beta of 1.05.

Workiva (NYSE:WK) last issued its quarterly earnings results on Thursday, August 1st. The software maker reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). The business had revenue of $177.50 million during the quarter, compared to analyst estimates of $175.22 million. The business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.36) earnings per share. On average, analysts anticipate that Workiva will post -0.86 EPS for the current year.

Insider Transactions at Workiva

In other news, EVP Michael D. Hawkins sold 2,761 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $74.60, for a total value of $205,970.60. Following the completion of the transaction, the executive vice president now directly owns 49,887 shares in the company, valued at $3,721,570.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 3.86% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new position in Workiva during the third quarter valued at approximately $28,000. Quarry LP raised its position in Workiva by 57.8% during the second quarter. Quarry LP now owns 453 shares of the software maker’s stock valued at $33,000 after acquiring an additional 166 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Workiva during the first quarter valued at approximately $40,000. Fidelis Capital Partners LLC purchased a new position in Workiva during the first quarter valued at approximately $45,000. Finally, Point72 Hong Kong Ltd purchased a new position in Workiva during the second quarter valued at approximately $62,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Workiva Company Profile

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.