Workiva Inc. (NYSE:WK) has received a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $21.83.
Several research firms have issued reports on WK. Stifel Nicolaus lifted their price target on shares of Workiva from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Zacks Investment Research raised shares of Workiva from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Thursday, October 5th. Northland Securities set a $23.00 price target on shares of Workiva and gave the stock a “buy” rating in a report on Sunday, September 10th. SunTrust Banks reaffirmed a “buy” rating and issued a $24.00 price target on shares of Workiva in a report on Friday, November 3rd. Finally, Credit Suisse Group lifted their price target on shares of Workiva from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, November 8th.
In related news, major shareholder Jerome M. Behar sold 2,442 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $23.40, for a total transaction of $57,142.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Jerome M. Behar sold 1,289 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $20.95, for a total transaction of $27,004.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,154 shares of company stock valued at $2,256,241. Insiders own 33.29% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Workiva by 12.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,336,468 shares of the software maker’s stock valued at $25,459,000 after acquiring an additional 147,450 shares in the last quarter. Highwater Wealth Management LLC grew its stake in shares of Workiva by 3.1% in the 3rd quarter. Highwater Wealth Management LLC now owns 773,367 shares of the software maker’s stock valued at $16,125,000 after buying an additional 23,367 shares during the period. Frontier Capital Management Co. LLC grew its stake in shares of Workiva by 34.1% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 486,707 shares of the software maker’s stock valued at $9,272,000 after buying an additional 123,887 shares during the period. State Street Corp grew its stake in shares of Workiva by 12.3% in the 2nd quarter. State Street Corp now owns 371,323 shares of the software maker’s stock valued at $7,074,000 after buying an additional 40,657 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Workiva by 12.0% in the 2nd quarter. Northern Trust Corp now owns 279,409 shares of the software maker’s stock valued at $5,323,000 after buying an additional 29,936 shares during the period. 35.19% of the stock is owned by institutional investors.
Shares of Workiva (NYSE WK) opened at $21.80 on Monday. The company has a debt-to-equity ratio of -1.29, a quick ratio of 0.90 and a current ratio of 0.90. Workiva has a 12 month low of $12.15 and a 12 month high of $23.70.
Workiva (NYSE:WK) last issued its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.23) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.17. The company had revenue of $52.10 million for the quarter, compared to analyst estimates of $50.64 million. Workiva had a negative net margin of 18.83% and a negative return on equity of 13,251.94%. Workiva’s revenue was up 16.6% compared to the same quarter last year. During the same period last year, the company posted ($0.23) earnings per share. equities analysts expect that Workiva will post -1.1 earnings per share for the current fiscal year.
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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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