Workiva Inc. (NYSE:WK) Shares Sold by Strs Ohio

Strs Ohio trimmed its position in Workiva Inc. (NYSE:WK – Get Rating) by 6.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,800 shares of the software maker’s stock after selling 200 shares during the quarter. Strs Ohio’s holdings in Workiva were worth $217,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of WK. Raymond James & Associates raised its stake in Workiva by 4.8% during the 1st quarter. Raymond James & Associates now owns 36,473 shares of the software maker’s stock worth $4,304,000 after acquiring an additional 1,667 shares in the last quarter. MetLife Investment Management LLC raised its stake in Workiva by 54.8% during the 1st quarter. MetLife Investment Management LLC now owns 22,917 shares of the software maker’s stock worth $2,704,000 after acquiring an additional 8,109 shares in the last quarter. Rhumbline Advisers raised its stake in Workiva by 3.2% during the 1st quarter. Rhumbline Advisers now owns 44,602 shares of the software maker’s stock worth $5,263,000 after acquiring an additional 1,366 shares in the last quarter. Sei Investments Co. raised its stake in Workiva by 34.7% during the 1st quarter. Sei Investments Co. now owns 125,714 shares of the software maker’s stock worth $14,834,000 after acquiring an additional 32,360 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Workiva by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 4,316,544 shares of the software maker’s stock worth $509,353,000 after acquiring an additional 149,693 shares in the last quarter. 82.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Citigroup lowered their price objective on shares of Workiva from $85.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, November 3rd. Truist Financial lowered their price objective on shares of Workiva from $90.00 to $80.00 in a research report on Thursday, November 3rd. The Goldman Sachs Group assumed coverage on shares of Workiva in a research report on Friday, October 21st. They set a “buy” rating and a $101.00 price objective on the stock. StockNews.com assumed coverage on shares of Workiva in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Robert W. Baird lowered their price objective on shares of Workiva from $105.00 to $96.00 in a research report on Thursday, November 3rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $88.17.

Insider Activity

In other news, EVP Michael D. Hawkins sold 5,505 shares of Workiva stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $66.72, for a total value of $367,293.60. Following the sale, the executive vice president now owns 58,745 shares of the company’s stock, valued at $3,919,466.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Michael D. Hawkins sold 5,505 shares of the business’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $66.72, for a total transaction of $367,293.60. Following the sale, the executive vice president now owns 58,745 shares of the company’s stock, valued at $3,919,466.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brigid A. Bonner sold 2,800 shares of the business’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $77.21, for a total transaction of $216,188.00. Following the sale, the director now directly owns 16,554 shares in the company, valued at approximately $1,278,134.34. The disclosure for this sale can be found here. Insiders have sold a total of 17,487 shares of company stock valued at $1,410,504 over the last quarter. Corporate insiders own 5.70% of the company’s stock.

Workiva Stock Up 1.6 %

Shares of NYSE:WK opened at $87.89 on Friday. The company has a market cap of $4.62 billion, a price-to-earnings ratio of -50.51 and a beta of 1.15. The firm’s 50-day simple moving average is $82.03 and its 200-day simple moving average is $74.33. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 45.13. Workiva Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $124.76.

Workiva (NYSE:WK – Get Rating) last issued its earnings results on Wednesday, November 2nd. The software maker reported ($0.53) earnings per share for the quarter, beating the consensus estimate of ($0.60) by $0.07. The business had revenue of $132.85 million for the quarter, compared to the consensus estimate of $132.42 million. Workiva had a negative net margin of 17.75% and a negative return on equity of 338.14%. As a group, equities research analysts predict that Workiva Inc. will post -1.82 earnings per share for the current year.

About Workiva

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Workiva Inc, together with its subsidiaries, provides cloud-based compliance and regulatory reporting solutions worldwide. The company offers Workiva platform that offers controlled collaboration, data linking, data integrations, granular permissions, process management, and full audit trail services; and provides tools that enables customers to connect data from enterprise resource planning, governance risk and compliance, human capital management, and customer relationship management systems, as well as from other third-party cloud and on-premise applications.