Workiva Inc. (NYSE:WK) Shares Purchased by Ingalls & Snyder LLC

Ingalls & Snyder LLC raised its stake in shares of Workiva Inc. (NYSE:WK) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,819 shares of the software maker’s stock after purchasing an additional 2,466 shares during the period. Ingalls & Snyder LLC’s holdings in Workiva were worth $7,974,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nordea Investment Management AB acquired a new stake in Workiva during the fourth quarter worth about $59,894,000. Groupama Asset Managment acquired a new stake in Workiva during the 3rd quarter worth approximately $381,000. Jacobs Levy Equity Management Inc. acquired a new stake in Workiva during the 3rd quarter worth approximately $18,000,000. Janus Henderson Group PLC raised its stake in shares of Workiva by 839.8% in the 3rd quarter. Janus Henderson Group PLC now owns 213,831 shares of the software maker’s stock valued at $16,919,000 after acquiring an additional 191,078 shares during the period. Finally, Conestoga Capital Advisors LLC lifted its holdings in shares of Workiva by 13.7% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,165,019 shares of the software maker’s stock valued at $127,570,000 after acquiring an additional 140,310 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Workiva Stock Performance

NYSE:WK opened at $91.10 on Thursday. Workiva Inc. has a 12-month low of $65.47 and a 12-month high of $116.83. The business has a 50 day simple moving average of $105.86 and a 200 day simple moving average of $89.84.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. BMO Capital Markets increased their price target on Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Raymond James upgraded Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 target price for the company in a research note on Friday, January 3rd. Stifel Nicolaus raised Workiva from a “hold” rating to a “buy” rating and boosted their price target for the stock from $102.00 to $130.00 in a research report on Wednesday, December 18th. The Goldman Sachs Group upped their price target on Workiva from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, Robert W. Baird raised their target price on Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Workiva currently has an average rating of “Moderate Buy” and a consensus target price of $122.14.

Workiva 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.