Workiva Inc. (NYSE:WK) EVP Michael D. Hawkins Sells 2,761 Shares

Workiva Inc. (NYSE:WK) EVP Michael D. Hawkins sold 2,761 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $74.60, for a total transaction of $205,970.60. Following the completion of the sale, the executive vice president now owns 49,887 shares in the company, valued at approximately $3,721,570.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Workiva Trading Up 0.5 %

NYSE WK opened at $77.28 on Thursday. Workiva Inc. has a twelve month low of $65.47 and a twelve month high of $109.91. The stock has a 50-day moving average of $74.91 and a 200 day moving average of $77.78. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of -44.93 and a beta of 1.05.

Workiva (NYSE:WK) last announced its earnings results on Thursday, August 1st. The software maker reported $0.16 earnings per share 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 period last year, the firm posted ($0.36) earnings per share. Workiva’s revenue for the quarter was up 14.5% on a year-over-year basis. Equities analysts predict that Workiva Inc. will post -0.86 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Northland Securities cut their price target on Workiva from $106.00 to $95.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. StockNews.com lowered Workiva from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Citigroup boosted their price target on Workiva from $103.00 to $105.00 and gave the company a “buy” rating in a report on Friday, June 28th. Robert W. Baird dropped their price objective on shares of Workiva from $105.00 to $94.00 and set an “outperform” rating on the stock in a research note on Thursday, June 27th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $96.00 target price on shares of Workiva in a report on Tuesday, June 11th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Workiva has an average rating of “Moderate Buy” and an average price target of $95.00.

Institutional Trading of Workiva

Several institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Workiva in the fourth quarter worth approximately $57,025,000. Champlain Investment Partners LLC lifted its holdings in Workiva by 58.2% in the 1st quarter. Champlain Investment Partners LLC now owns 1,340,114 shares of the software maker’s stock valued at $113,642,000 after purchasing an additional 492,945 shares in the last quarter. Brown Capital Management LLC boosted its stake in Workiva by 22.6% during the 4th quarter. Brown Capital Management LLC now owns 1,271,707 shares of the software maker’s stock worth $129,116,000 after purchasing an additional 234,255 shares during the last quarter. Conestoga Capital Advisors LLC grew its holdings in shares of Workiva by 21.4% during the first quarter. Conestoga Capital Advisors LLC now owns 1,156,215 shares of the software maker’s stock worth $98,047,000 after buying an additional 203,485 shares in the last quarter. Finally, Swedbank AB acquired a new stake in shares of Workiva in the first quarter valued at about $16,180,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

About Workiva

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.