According to Zacks, “Workiva LLC offers a cloud-based and mobile-enabled platform for enterprises to collect, manage, report and analyze critical business data in real time. The company provides solutions for compliance, risk, sustainability and management reporting as well as enterprise risk management. It serves the manufacturing and materials, energy and utilities, financial services, healthcare, media and entertainment, real estate, retail, consumer goods, services, transportation and technology and telecom industries. Workiva LLC is headquartered in Ames, Iowa. “
Several other equities analysts have also commented on the stock. ValuEngine upgraded shares of Workiva from a “hold” rating to a “buy” rating in a research report on Tuesday, October 1st. SunTrust Banks increased their price objective on shares of Workiva to $65.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, Morgan Stanley lowered their price objective on shares of Workiva from $46.00 to $42.00 and set an “underweight” rating for the company in a research report on Wednesday.
WK traded down $1.07 during trading on Friday, hitting $40.08. 333,309 shares of the company traded hands, compared to its average volume of 289,286. The company has a market cap of $1.84 billion, a PE ratio of -43.10 and a beta of 1.00. The stock’s 50-day simple moving average is $44.65 and its two-hundred day simple moving average is $52.33. Workiva has a 1 year low of $31.65 and a 1 year high of $64.11. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 3.80.
Workiva (NYSE:WK) last released its quarterly earnings data on Tuesday, August 6th. The software maker reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.08). The business had revenue of $73.48 million for the quarter, compared to analyst estimates of $68.96 million. During the same period in the prior year, the business earned ($0.12) EPS. The firm’s revenue was up 24.3% compared to the same quarter last year. Equities analysts expect that Workiva will post -1.03 EPS for the current year.
In other news, EVP Scott G. Ryan sold 31,250 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $56.25, for a total value of $1,757,812.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jeff D. Trom sold 20,000 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $57.70, for a total transaction of $1,154,000.00. Following the completion of the sale, the vice president now owns 355,075 shares of the company’s stock, valued at approximately $20,487,827.50. The disclosure for this sale can be found here. Insiders have sold 1,162,038 shares of company stock valued at $65,540,888 in the last quarter. 18.46% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in WK. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Workiva by 541.7% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 462 shares of the software maker’s stock worth $27,000 after acquiring an additional 390 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Workiva in the 2nd quarter worth about $52,000. Advisory Services Network LLC purchased a new position in Workiva in the 1st quarter worth about $89,000. Meeder Asset Management Inc. increased its stake in Workiva by 215.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,654 shares of the software maker’s stock worth $96,000 after buying an additional 1,130 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Workiva by 21.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,874 shares of the software maker’s stock worth $109,000 after buying an additional 335 shares during the period. Hedge funds and other institutional investors own 56.32% of the company’s stock.
Workiva Company Profile
Workiva Inc provides cloud-based solutions for connected data, reporting, and compliance worldwide. The company offers Wdesk, a platform that provides data collection and linking, data integrations, controlled collaboration, granular permissions, process management, and full audit trail services; and Wdata, which includes data preparation tools, data connectors, and application programming interfaces that enable customers to create direct connections to their data.
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