Workiva Inc. (NYSE:WK) EVP Sells $205,970.60 in Stock

Workiva Inc. (NYSE:WK) EVP Michael D. Hawkins sold 2,761 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were 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 of the company’s stock, valued at approximately $3,721,570.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Workiva Price Performance

Shares of NYSE:WK opened at $77.28 on Thursday. The business’s 50-day moving average is $74.91 and its 200 day moving average is $77.78. Workiva Inc. has a 1 year low of $65.47 and a 1 year high of $109.91. The firm has a market capitalization of $4.27 billion, a P/E ratio of -44.93 and a beta of 1.05.

Workiva (NYSE:WK) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $175.22 million. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.36) EPS. On average, analysts expect that Workiva Inc. will post -0.86 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WK. Quarry LP grew its holdings in shares of Workiva by 57.8% during the second quarter. Quarry LP now owns 453 shares of the software maker’s stock valued at $33,000 after buying an additional 166 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in Workiva during the 1st quarter worth about $40,000. Fidelis Capital Partners LLC acquired a new stake in Workiva during the 1st quarter worth about $45,000. Point72 Hong Kong Ltd purchased a new stake in Workiva during the 2nd quarter valued at about $62,000. Finally, RiverPark Advisors LLC increased its holdings in shares of Workiva by 361.5% in the first quarter. RiverPark Advisors LLC now owns 1,140 shares of the software maker’s stock valued at $97,000 after purchasing an additional 893 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WK shares. Robert W. Baird reduced their price objective on shares of Workiva from $105.00 to $94.00 and set an “outperform” rating for the company in a research note on Thursday, June 27th. Northland Securities decreased their price objective on Workiva from $106.00 to $95.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Citigroup lifted 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. StockNews.com lowered shares of Workiva from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $96.00 price objective on shares of Workiva in a research report on Tuesday, June 11th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Workiva has a consensus rating of “Moderate Buy” and an average price target of $95.00.

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.