Workiva Inc. (NYSE:WK) major shareholder Jerome M. Behar sold 9,500 shares of Workiva stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $22.04, for a total transaction of $209,380.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Workiva Inc. (NYSE WK) opened at 22.10 on Friday. The company’s market cap is $924.35 million. The company’s 50-day moving average is $20.23 and its 200-day moving average is $18.64. Workiva Inc. has a 52 week low of $12.15 and a 52 week high of $22.15.
Workiva (NYSE:WK) last posted its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.25) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.31) by $0.06. Workiva had a negative net margin of 18.94% and a negative return on equity of 13,251.94%. The company had revenue of $49.40 million during the quarter, compared to analyst estimates of $48.37 million. During the same period in the prior year, the business posted ($0.20) EPS. The firm’s revenue was up 14.9% compared to the same quarter last year. On average, analysts anticipate that Workiva Inc. will post ($0.63) EPS for the current fiscal year.
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A number of large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its holdings in Workiva by 0.9% during the 2nd quarter. Wells Fargo & Company MN now owns 42,281 shares of the software maker’s stock valued at $805,000 after buying an additional 387 shares during the last quarter. Legal & General Group Plc raised its holdings in Workiva by 9.3% during the 2nd quarter. Legal & General Group Plc now owns 6,999 shares of the software maker’s stock valued at $134,000 after buying an additional 597 shares during the last quarter. California State Teachers Retirement System raised its holdings in Workiva by 1.6% during the 2nd quarter. California State Teachers Retirement System now owns 43,968 shares of the software maker’s stock valued at $838,000 after buying an additional 700 shares during the last quarter. American International Group Inc. raised its holdings in Workiva by 7.0% during the 1st quarter. American International Group Inc. now owns 13,520 shares of the software maker’s stock valued at $212,000 after buying an additional 888 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in Workiva by 1.6% during the 1st quarter. HighTower Advisors LLC now owns 57,732 shares of the software maker’s stock valued at $904,000 after buying an additional 900 shares during the last quarter. Institutional investors own 32.18% of the company’s stock.
WK has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Workiva from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Thursday. SunTrust Banks, Inc. reissued a “buy” rating and set a $24.00 target price (up previously from $22.00) on shares of Workiva in a research note on Wednesday, September 20th. Northland Securities set a $23.00 target price on shares of Workiva and gave the stock a “buy” rating in a research note on Sunday, September 10th. Stifel Nicolaus lifted their target price on shares of Workiva from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, August 18th. Finally, BidaskClub downgraded shares of Workiva from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Workiva has a consensus rating of “Buy” and a consensus price target of $21.57.
Workiva Company Profile
Workiva Inc provides enterprises with cloud solutions for improving productivity, accountability and insight into business data. The Company created Wdesk, a collaborative work management platform for organizations to collect, link, report and analyze their business data. Wdesk’s word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail.
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