Workiva (WK) Scheduled to Post Earnings on Tuesday

Workiva (NYSE:WKGet Free Report) is scheduled to release its earnings data after the market closes on Tuesday, February 20th. Analysts expect Workiva to post earnings of $0.22 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Workiva Trading Down 2.8 %

WK stock opened at $93.30 on Tuesday. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of -36.59 and a beta of 1.08. The business’s 50-day moving average is $96.94 and its 200 day moving average is $98.84. Workiva has a 12-month low of $83.00 and a 12-month high of $116.00. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 2,262.59.

Insider Transactions at Workiva

In related news, EVP Michael D. Hawkins sold 11,439 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $93.62, for a total value of $1,070,919.18. Following the sale, the executive vice president now directly owns 62,453 shares in the company, valued at approximately $5,846,849.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Jill Klindt sold 2,931 shares of Workiva stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $95.20, for a total value of $279,031.20. Following the transaction, the chief financial officer now directly owns 80,197 shares of the company’s stock, valued at approximately $7,634,754.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael D. Hawkins sold 11,439 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $93.62, for a total value of $1,070,919.18. Following the completion of the sale, the executive vice president now owns 62,453 shares of the company’s stock, valued at approximately $5,846,849.86. The disclosure for this sale can be found here. Corporate insiders own 5.71% of the company’s stock.

Institutional Investors Weigh In On Workiva

Hedge funds have recently made changes to their positions in the business. Raymond James & Associates raised 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 valued at $4,304,000 after buying an additional 1,667 shares during the period. 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 valued at $2,704,000 after purchasing an additional 8,109 shares during the last quarter. Rhumbline Advisers grew its position in Workiva by 3.2% during the first quarter. Rhumbline Advisers now owns 44,602 shares of the software maker’s stock worth $5,263,000 after buying an additional 1,366 shares in the last quarter. Sei Investments Co. boosted its stake in Workiva by 34.7% during the first quarter. Sei Investments Co. now owns 125,714 shares of the software maker’s stock worth $14,834,000 after buying an additional 32,360 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of 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 in the last quarter. Institutional investors own 83.69% of the company’s stock.

Analyst Ratings Changes

Separately, Stifel Nicolaus cut their target price on Workiva from $97.00 to $92.00 and set a “hold” rating on the stock in a research report on Tuesday, October 31st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $115.38.

Check Out Our Latest Report on WK

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, human capital management, and customer relationship management systems, as well as from other third-party cloud and on-premise applications.

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Earnings History for Workiva (NYSE:WK)

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