Workiva Inc. (NYSE:WK) Shares Sold by Moody National Bank Trust Division

Moody National Bank Trust Division cut its stake in shares of Workiva Inc. (NYSE:WK) by 29.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,958 shares of the software maker’s stock after selling 5,776 shares during the quarter. Moody National Bank Trust Division’s holdings in Workiva were worth $1,019,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. EntryPoint Capital LLC purchased a new stake in Workiva in the first quarter valued at approximately $40,000. Fidelis Capital Partners LLC purchased a new stake in shares of Workiva during the first quarter worth approximately $45,000. SG Americas Securities LLC purchased a new stake in shares of Workiva during the fourth quarter worth approximately $107,000. RiverPark Advisors LLC raised its stake in shares of Workiva by 361.5% during the first quarter. RiverPark Advisors LLC now owns 1,140 shares of the software maker’s stock worth $97,000 after purchasing an additional 893 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in Workiva by 9.0% during the first quarter. Fifth Third Bancorp now owns 1,692 shares of the software maker’s stock worth $143,000 after acquiring an additional 140 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Workiva

In related news, EVP Michael D. Hawkins sold 3,435 shares of Workiva stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $81.46, for a total value of $279,815.10. Following the sale, the executive vice president now owns 55,487 shares of the company’s stock, valued at $4,519,971.02. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.86% of the company’s stock.

Workiva Price Performance

Shares of WK traded down $0.41 during mid-day trading on Monday, reaching $71.78. The company had a trading volume of 681,010 shares, compared to its average volume of 388,898. The company’s 50-day moving average is $73.57 and its 200-day moving average is $81.31. Workiva Inc. has a twelve month low of $65.47 and a twelve month high of $116.00. The company has a market capitalization of $3.94 billion, a P/E ratio of -41.73 and a beta of 1.07.

Workiva (NYSE:WK) last posted its quarterly earnings results on Thursday, August 1st. The software maker reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). The firm had revenue of $177.50 million during the quarter, compared to analyst estimates of $175.22 million. During the same quarter in the prior year, the company earned ($0.36) EPS. The firm’s revenue was up 14.5% compared to the same quarter last year. As a group, equities analysts expect that Workiva Inc. will post -0.62 EPS for the current fiscal year.

Analyst Ratings Changes

WK has been the topic of several recent research reports. StockNews.com downgraded Workiva from a “buy” rating to a “hold” rating in a research report on Saturday. BMO Capital Markets restated an “outperform” rating and issued a $96.00 price objective on shares of Workiva in a report on Tuesday, June 11th. Northland Securities cut their price objective on Workiva from $106.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday. Citigroup increased their target price on Workiva from $103.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Finally, William Blair reiterated an “outperform” rating on shares of Workiva in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $99.17.

Workiva Company 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.