Workiva Inc. (NYSE:WK) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP cut its stake in Workiva Inc. (NYSE:WK) by 69.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,320 shares of the software maker’s stock after selling 10,003 shares during the quarter. Aigen Investment Management LP’s holdings in Workiva were worth $473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Conestoga Capital Advisors LLC lifted its holdings in shares of Workiva by 13.7% in 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 purchasing an additional 140,310 shares during the last quarter. Geode Capital Management LLC increased its position in Workiva by 3.2% during the third quarter. Geode Capital Management LLC now owns 1,144,826 shares of the software maker’s stock worth $90,597,000 after buying an additional 35,029 shares during the period. Loomis Sayles & Co. L P lifted its stake in Workiva by 13.5% in the third quarter. Loomis Sayles & Co. L P now owns 728,375 shares of the software maker’s stock valued at $57,629,000 after buying an additional 86,746 shares during the last quarter. TimesSquare Capital Management LLC boosted its holdings in shares of Workiva by 19.7% in the fourth quarter. TimesSquare Capital Management LLC now owns 559,961 shares of the software maker’s stock valued at $61,316,000 after acquiring an additional 92,192 shares during the period. Finally, Nordea Investment Management AB purchased a new position in shares of Workiva during the fourth quarter worth approximately $59,894,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Workiva Stock Performance

WK opened at $85.89 on Friday. The company has a market cap of $4.76 billion, a price-to-earnings ratio of -93.36 and a beta of 1.09. Workiva Inc. has a one year low of $65.47 and a one year high of $116.83. The business’s fifty day moving average is $99.39 and its two-hundred day moving average is $91.20.

Analyst Upgrades and Downgrades

WK has been the topic of a number of recent research reports. BMO Capital Markets dropped their price objective on shares of Workiva from $120.00 to $108.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Stifel Nicolaus dropped their target price on Workiva from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Citigroup increased their target price on Workiva from $128.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Raymond James upgraded Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price target on the stock in a research note on Friday, January 3rd. Finally, Robert W. Baird increased their price objective on Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $121.57.

Insider Transactions at Workiva

In other news, CAO Brandon Ziegler sold 4,115 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $85.72, for a total transaction of $352,737.80. Following the completion of the transaction, the chief accounting officer now directly owns 103,509 shares of the company’s stock, valued at $8,872,791.48. This trade represents a 3.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jill Klindt sold 5,593 shares of Workiva stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $85.04, for a total value of $475,628.72. Following the transaction, the chief financial officer now owns 119,054 shares of the company’s stock, valued at $10,124,352.16. This represents a 4.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,129 shares of company stock valued at $1,718,633 in the last 90 days. 3.86% of the stock is currently owned by insiders.

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.