The Goldman Sachs Group Increases Workiva (NYSE:WK) Price Target to $133.00

Workiva (NYSE:WK) had its target price increased by equities researchers at The Goldman Sachs Group from $120.00 to $133.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the software maker’s stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 25.77% from the stock’s current price.

A number of other analysts also recently issued reports on WK. Citigroup raised their price objective on Workiva from $116.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Robert W. Baird increased their target price on Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Raymond James raised Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 target price for the company in a research report on Friday, January 3rd. Stifel Nicolaus raised Workiva from a “hold” rating to a “buy” rating and upped their price objective for the stock from $102.00 to $130.00 in a research report on Wednesday, December 18th. Finally, BMO Capital Markets raised their price objective on shares of Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Workiva currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.14.

Workiva Stock Down 0.1 %

Shares of WK opened at $105.75 on Tuesday. Workiva has a 52-week low of $65.47 and a 52-week high of $116.83. The stock has a fifty day simple moving average of $101.72 and a two-hundred day simple moving average of $85.14. The company has a market capitalization of $5.86 billion, a PE ratio of -114.95 and a beta of 1.07.

Institutional Trading of Workiva

Several institutional investors have recently added to or reduced their stakes in the business. Nordea Investment Management AB bought a new stake in shares of Workiva during the 4th quarter worth $59,894,000. Groupama Asset Managment bought a new position in Workiva during the third quarter valued at approximately $381,000. Jacobs Levy Equity Management Inc. bought a new stake in Workiva in the third quarter worth $18,000,000. Janus Henderson Group PLC boosted its position in Workiva by 839.8% during the third quarter. Janus Henderson Group PLC now owns 213,831 shares of the software maker’s stock worth $16,919,000 after purchasing an additional 191,078 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of Workiva by 435.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 145,384 shares of the software maker’s stock worth $11,503,000 after purchasing an additional 118,234 shares during the last quarter. Institutional investors own 92.21% 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.