Commonwealth Equity Services LLC Has $651,000 Position in Workiva Inc. (NYSE:WK)

Commonwealth Equity Services LLC lowered its holdings in shares of Workiva Inc. (NYSE:WK – Get Rating) by 9.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,757 shares of the software maker’s stock after selling 803 shares during the period. Commonwealth Equity Services LLC’s holdings in Workiva were worth $651,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of WK. CWM LLC raised its holdings in shares of Workiva by 1.8% in the fourth quarter. CWM LLC now owns 7,219 shares of the software maker’s stock valued at $606,000 after buying an additional 125 shares during the last quarter. Signaturefd LLC grew its position in shares of Workiva by 13.8% in the 4th quarter. Signaturefd LLC now owns 1,037 shares of the software maker’s stock valued at $87,000 after purchasing an additional 126 shares during the period. Benjamin Edwards Inc. lifted its stake in Workiva by 20.1% in the 4th quarter. Benjamin Edwards Inc. now owns 956 shares of the software maker’s stock valued at $80,000 after acquiring an additional 160 shares in the last quarter. Cullen Frost Bankers Inc. lifted its stake in Workiva by 86.7% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 364 shares of the software maker’s stock valued at $28,000 after acquiring an additional 169 shares in the last quarter. Finally, Amalgamated Bank lifted its stake in Workiva by 2.4% in the 3rd quarter. Amalgamated Bank now owns 7,715 shares of the software maker’s stock valued at $600,000 after acquiring an additional 183 shares in the last quarter. Institutional investors and hedge funds own 82.41% of the company’s stock.

Insider Transactions at Workiva

In other news, 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 completion of the transaction, the chief accounting officer now directly owns 97,364 shares in the company, valued at $8,535,901.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Brandon Ziegler sold 10,818 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $87.67, for a total transaction of $948,414.06. Following the completion of the sale, the chief accounting officer now owns 97,364 shares of the company’s stock, valued at $8,535,901.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael M. Crow sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $90.20, for a total value of $360,800.00. Following the sale, the director now directly owns 14,943 shares of the company’s stock, valued at approximately $1,347,858.60. The disclosure for this sale can be found here. Insiders sold 33,329 shares of company stock worth $2,994,706 over the last ninety days. 5.71% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WK. Citigroup increased their price target on Workiva from $101.00 to $108.00 in a research note on Wednesday, February 22nd. Truist Financial raised their price objective on Workiva from $100.00 to $110.00 in a research note on Wednesday, May 3rd. Stifel Nicolaus raised their price objective on Workiva from $77.00 to $83.00 in a research note on Wednesday, May 3rd. Robert W. Baird raised their price objective on Workiva from $100.00 to $106.00 in a research note on Wednesday, May 3rd. Finally, StockNews.com initiated coverage on Workiva in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Workiva currently has an average rating of “Moderate Buy” and an average target price of $100.67.

Workiva Price Performance

Workiva stock opened at $91.94 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 381.76. The company has a market capitalization of $4.91 billion, a PE ratio of -41.23 and a beta of 1.17. Workiva Inc. has a 12 month low of $59.43 and a 12 month high of $104.76. The stock has a 50-day moving average price of $94.85 and a two-hundred day moving average price of $88.28.

Workiva (NYSE:WK – Get Rating) last posted its earnings results on Tuesday, May 2nd. The software maker reported ($0.83) EPS for the quarter, missing the consensus estimate of ($0.78) by ($0.05). The firm had revenue of $150.19 million during the quarter, compared to the consensus estimate of $149.42 million. Workiva had a negative net margin of 21.24% and a negative return on equity of 4,861.53%. Analysts expect that Workiva Inc. will post -2 EPS for the current year.

About Workiva

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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.