Workiva (NYSE:WK) Issues FY 2024 Earnings Guidance

Workiva (NYSE:WK) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.930-0.960 for the period, compared to the consensus EPS estimate of 0.960. The company issued revenue guidance of $733.0 million-$735.0 million, compared to the consensus revenue estimate of $728.1 million. Workiva also updated its FY24 guidance to $0.93-$0.96 EPS.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. StockNews.com downgraded shares of Workiva from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Northland Securities reduced their target price on shares of Workiva from $106.00 to $95.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

Workiva Trading Up 6.3 %

NYSE WK traded up $5.16 during trading on Wednesday, reaching $87.63. The company’s stock had a trading volume of 1,047,367 shares, compared to its average volume of 370,661. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of -49.98 and a beta of 1.05. Workiva has a 12 month low of $65.47 and a 12 month high of $105.00. The firm has a 50 day moving average price of $77.92 and a 200 day moving average price of $76.97.

Insider Buying and Selling at Workiva

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

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.