Legacy Bridge LLC Sells 1,790 Shares of Workiva Inc. (NYSE:WK)

Legacy Bridge LLC lowered its position in Workiva Inc. (NYSE:WK) by 21.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,664 shares of the software maker’s stock after selling 1,790 shares during the quarter. Legacy Bridge LLC’s holdings in Workiva were worth $730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Versor Investments LP acquired a new position in shares of Workiva in the third quarter worth approximately $1,217,000. TimesSquare Capital Management LLC lifted its position in shares of Workiva by 4.3% in the 3rd quarter. TimesSquare Capital Management LLC now owns 467,769 shares of the software maker’s stock worth $37,010,000 after purchasing an additional 19,095 shares during the period. Mutual of America Capital Management LLC boosted its stake in shares of Workiva by 138.8% in the 3rd quarter. Mutual of America Capital Management LLC now owns 54,059 shares of the software maker’s stock valued at $4,277,000 after purchasing an additional 31,421 shares during the last quarter. Nordea Investment Management AB acquired a new stake in shares of Workiva during the fourth quarter worth $59,894,000. Finally, GSA Capital Partners LLP bought a new position in Workiva during the third quarter worth $641,000. Institutional investors own 92.21% of the company’s stock.

Workiva Stock Performance

Shares of NYSE WK opened at $97.74 on Tuesday. The stock’s 50 day moving average price is $105.34 and its 200-day moving average price is $87.84. Workiva Inc. has a twelve month low of $65.47 and a twelve month high of $116.83.

Analysts Set New Price Targets

A number of brokerages have commented on WK. Raymond James raised shares of Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price target on the stock in a research report on Friday, January 3rd. The Goldman Sachs Group raised their target price on Workiva from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Robert W. Baird boosted their price target on Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Stifel Nicolaus raised shares of Workiva from a “hold” rating to a “buy” rating and raised their price objective for the stock from $102.00 to $130.00 in a research report on Wednesday, December 18th. Finally, Citigroup upped their price target on Workiva from $116.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.14.

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.