Workiva Inc. (NYSE:WK – Get Free Report) EVP Michael D. Hawkins sold 10,421 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $85.43, for a total transaction of $890,266.03. Following the completion of the transaction, the executive vice president now directly owns 61,298 shares of the company’s stock, valued at approximately $5,236,688.14. The trade was a 14.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Workiva Stock Down 1.0 %
Shares of WK traded down $0.87 during mid-day trading on Friday, reaching $85.89. 988,656 shares of the company’s stock were exchanged, compared to its average volume of 417,832. Workiva Inc. has a 52-week low of $65.47 and a 52-week high of $116.83. The company has a market cap of $4.76 billion, a price-to-earnings ratio of -93.36 and a beta of 1.09. The company has a 50-day simple moving average of $99.39 and a two-hundred day simple moving average of $91.20.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Workiva during the 4th quarter worth about $59,676,000. Nordea Investment Management AB acquired a new position in shares of Workiva in the 4th quarter valued at $59,894,000. Groupama Asset Managment purchased a new stake in shares of Workiva during the 3rd quarter valued at $381,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Workiva in the 4th quarter worth $51,353,000. Finally, Point72 Asset Management L.P. acquired a new position in Workiva in the fourth quarter valued at $32,863,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on WK
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.
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