Advantage Alpha Capital Partners LP Increases Stake in Workiva Inc. (NYSE:WK)

Advantage Alpha Capital Partners LP raised its stake in Workiva Inc. (NYSE:WK) by 13.9% in the third quarter, HoldingsChannel reports. The fund owned 87,472 shares of the software maker’s stock after purchasing an additional 10,644 shares during the period. Workiva accounts for approximately 1.6% of Advantage Alpha Capital Partners LP’s investment portfolio, making the stock its 12th largest holding. Advantage Alpha Capital Partners LP’s holdings in Workiva were worth $6,921,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of WK. V Square Quantitative Management LLC purchased a new stake in shares of Workiva during the 3rd quarter worth about $28,000. Quarry LP boosted its position in Workiva by 57.8% during the second quarter. Quarry LP now owns 453 shares of the software maker’s stock worth $33,000 after purchasing an additional 166 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in Workiva in the first quarter valued at approximately $40,000. Point72 Hong Kong Ltd purchased a new stake in shares of Workiva in the second quarter valued at approximately $62,000. Finally, Headlands Technologies LLC raised its stake in shares of Workiva by 896.0% during the 2nd quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker’s stock worth $128,000 after buying an additional 1,577 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Insider Buying and Selling at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 2,761 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $74.60, for a total value of $205,970.60. Following the completion of the sale, the executive vice president now directly owns 49,887 shares of the company’s stock, valued at $3,721,570.20. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.86% of the stock is owned by insiders.

Wall Street Analyst Weigh In

WK has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their price target on shares of Workiva from $85.00 to $102.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Robert W. Baird lifted their target price on shares of Workiva from $94.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com downgraded shares of Workiva from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Northland Securities lowered their price objective on Workiva from $106.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Finally, BMO Capital Markets boosted their price objective on Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Workiva presently has a consensus rating of “Moderate Buy” and an average price target of $103.20.

Workiva Price Performance

NYSE:WK opened at $98.41 on Tuesday. Workiva Inc. has a twelve month low of $65.47 and a twelve month high of $105.00. The company’s 50-day moving average price is $82.57 and its 200-day moving average price is $78.07.

Workiva 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.