Workiva Inc. (NYSE:WK) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Workiva Inc. (NYSE:WK – Get Rating) have been assigned an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $97.50.

Several research analysts have commented on WK shares. Citigroup raised their target price on shares of Workiva from $101.00 to $108.00 in a report on Wednesday, February 22nd. Truist Financial lifted their price target on shares of Workiva from $80.00 to $100.00 in a research report on Wednesday, February 22nd. BMO Capital Markets boosted their price target on shares of Workiva from $88.00 to $96.00 and gave the company an “outperform” rating in a report on Wednesday, February 22nd. Robert W. Baird increased their price objective on Workiva from $96.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 22nd. Finally, StockNews.com began coverage on shares of Workiva in a research report on Thursday. They issued a “hold” rating on the stock.

Insider Transactions at Workiva

In other Workiva news, Director Michael M. Crow sold 4,000 shares of the stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $90.20, for a total value of $360,800.00. Following the completion of the sale, the director now owns 14,943 shares in the company, valued at $1,347,858.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Michael M. Crow sold 4,000 shares of the firm’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $90.20, for a total transaction of $360,800.00. Following the completion of the sale, the director now owns 14,943 shares in the company, valued at approximately $1,347,858.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Brandon Ziegler sold 10,818 shares of the firm’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $87.67, for a total transaction of $948,414.06. Following the sale, the chief accounting officer now owns 97,364 shares of the company’s stock, valued at approximately $8,535,901.88. The disclosure for this sale can be found here. Insiders sold 55,249 shares of company stock valued at $4,924,271 over the last quarter. Corporate insiders own 5.70% of the company’s stock.

Institutional Trading of Workiva

Hedge funds have recently modified their holdings of the stock. Raymond James & Associates increased its position in Workiva by 4.8% during the first 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 during the period. MetLife Investment Management LLC increased its holdings in Workiva by 54.8% in the 1st quarter. MetLife Investment Management LLC now owns 22,917 shares of the software maker’s stock valued at $2,704,000 after buying an additional 8,109 shares during the period. Rhumbline Advisers increased its holdings in Workiva by 3.2% in the 1st quarter. Rhumbline Advisers now owns 44,602 shares of the software maker’s stock valued at $5,263,000 after buying an additional 1,366 shares during the period. Sei Investments Co. increased its holdings in Workiva by 34.7% in the 1st quarter. Sei Investments Co. now owns 125,714 shares of the software maker’s stock valued at $14,834,000 after buying an additional 32,360 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Workiva by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 4,316,544 shares of the software maker’s stock valued at $509,353,000 after buying an additional 149,693 shares during the period. Institutional investors and hedge funds own 82.41% of the company’s stock.

Workiva Stock Up 3.9 %

Shares of NYSE:WK opened at $95.32 on Friday. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of -55.42 and a beta of 1.15. Workiva has a 1-year low of $59.43 and a 1-year high of $124.76. The company’s fifty day moving average is $89.17 and its two-hundred day moving average is $80.10. The company has a debt-to-equity ratio of 59.31, a quick ratio of 1.47 and a current ratio of 1.47.

Workiva (NYSE:WK – Get Rating) last released its earnings results on Tuesday, February 21st. The software maker reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.43) by $0.20. The firm had revenue of $143.80 million for the quarter, compared to analysts’ expectations of $139.22 million. Workiva had a negative net margin of 16.91% and a negative return on equity of 1,024.28%. Equities analysts anticipate that Workiva will post -1.73 EPS for the current year.

Workiva Company Profile

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Workiva, Inc engages in the provision of cloud-based compliance and regulatory reporting solutions that are designed to solve business challenges at the intersection of data, process, and people. Its platform includes Wdesk, which offers controlled collaboration, data linking, data integrations, granular permissions, process management, and a full audit trail.