Workiva (NYSE:WK) Price Target Lowered to $108.00 at BMO Capital Markets

Workiva (NYSE:WK) had its price objective reduced by BMO Capital Markets from $120.00 to $108.00 in a research report report published on Wednesday,Benzinga reports. They currently have an outperform rating on the software maker’s stock.

A number of other research firms also recently commented on WK. Citigroup lifted their target price on shares of Workiva from $116.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Raymond James raised shares of Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 target price for the company in a research report on Friday, January 3rd. Stifel Nicolaus cut their price objective on shares of Workiva from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday. The Goldman Sachs Group boosted their price objective on shares of Workiva from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Finally, Robert W. Baird boosted their price objective on shares of Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $121.57.

Workiva Trading Up 7.3 %

NYSE:WK opened at $89.61 on Wednesday. Workiva has a 12 month low of $65.47 and a 12 month high of $116.83. The company has a market cap of $4.96 billion, a PE ratio of -97.40 and a beta of 1.06. The company has a 50 day simple moving average of $102.42 and a two-hundred day simple moving average of $90.85.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WK. Norges Bank purchased a new position in shares of Workiva during the 4th quarter valued at $59,676,000. Nordea Investment Management AB purchased a new position in shares of Workiva during the 4th quarter valued at $59,894,000. Groupama Asset Managment purchased a new position in shares of Workiva during the 3rd quarter valued at $381,000. Arrowstreet Capital Limited Partnership purchased a new stake in Workiva in the 4th quarter worth $51,353,000. Finally, Point72 Asset Management L.P. purchased a new stake in Workiva in the 4th quarter worth $32,863,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

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.