Aigen Investment Management LP Trims Stock Holdings in Workiva Inc. (NYSE:WK)

Aigen Investment Management LP cut its holdings in shares of Workiva Inc. (NYSE:WK) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,323 shares of the software maker’s stock after selling 415 shares during the period. Aigen Investment Management LP’s holdings in Workiva were worth $1,133,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. GSA Capital Partners LLP acquired a new position in Workiva in the 3rd quarter valued at about $641,000. Entropy Technologies LP purchased a new position in Workiva in the third quarter worth $398,000. Versor Investments LP purchased a new position in shares of Workiva in the 3rd quarter valued at about $1,217,000. State of New Jersey Common Pension Fund D lifted its position in shares of Workiva by 2.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 24,656 shares of the software maker’s stock valued at $1,951,000 after acquiring an additional 664 shares during the period. Finally, TimesSquare Capital Management LLC raised its holdings in Workiva by 4.3% during the third quarter. TimesSquare Capital Management LLC now owns 467,769 shares of the software maker’s stock worth $37,010,000 after purchasing an additional 19,095 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. BMO Capital Markets lifted their target price on shares of Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com lowered Workiva from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Northland Securities decreased their price target on shares of Workiva from $106.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Stifel Nicolaus boosted their target price on Workiva from $85.00 to $102.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Finally, Robert W. Baird increased their price target on Workiva from $94.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.20.

Insiders Place Their Bets

In other news, EVP Michael D. Hawkins sold 2,761 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 49,887 shares in the company, valued at approximately $3,721,570.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.86% of the stock is owned by company insiders.

Workiva Trading Down 2.2 %

Workiva stock opened at $92.27 on Wednesday. The stock has a 50 day moving average of $79.38 and a 200-day moving average of $77.39. Workiva Inc. has a 52 week low of $65.47 and a 52 week high of $105.00.

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.