Transatlantique Private Wealth LLC Grows Holdings in Workiva Inc. (NYSE:WK)

Transatlantique Private Wealth LLC boosted its holdings in shares of Workiva Inc. (NYSE:WK) by 22.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,828 shares of the software maker’s stock after acquiring an additional 1,060 shares during the period. Transatlantique Private Wealth LLC’s holdings in Workiva were worth $638,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. MetLife Investment Management LLC raised its position in shares of Workiva by 4.4% in the 4th quarter. MetLife Investment Management LLC now owns 30,413 shares of the software maker’s stock worth $3,330,000 after purchasing an additional 1,281 shares during the last quarter. First Trust Advisors LP raised its holdings in Workiva by 3.0% in the fourth quarter. First Trust Advisors LP now owns 824,219 shares of the software maker’s stock worth $90,252,000 after buying an additional 24,172 shares during the last quarter. GeoWealth Management LLC lifted its stake in shares of Workiva by 3,010.0% in the fourth quarter. GeoWealth Management LLC now owns 622 shares of the software maker’s stock worth $68,000 after buying an additional 602 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Workiva by 3,338.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 44,700 shares of the software maker’s stock valued at $4,895,000 after buying an additional 43,400 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Workiva during the fourth quarter valued at approximately $690,000. Institutional investors own 92.21% of the company’s stock.

Insider Transactions at Workiva

In other news, EVP Michael D. Hawkins sold 10,421 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $85.43, for a total transaction of $890,266.03. Following the sale, the executive vice president now directly owns 61,298 shares in the company, valued at $5,236,688.14. This trade represents a 14.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Brandon Ziegler sold 4,115 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $85.72, for a total transaction of $352,737.80. Following the completion of the transaction, the chief accounting officer now directly owns 103,509 shares of the company’s stock, valued at $8,872,791.48. This represents a 3.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,129 shares of company stock valued at $1,807,333 over the last quarter. 3.86% of the stock is currently owned by company insiders.

Workiva Stock Performance

Shares of Workiva stock opened at $67.54 on Friday. The stock has a market cap of $3.79 billion, a P/E ratio of -73.41 and a beta of 1.02. The stock’s fifty day moving average is $80.63 and its 200 day moving average is $91.21. Workiva Inc. has a one year low of $60.50 and a one year high of $116.83.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Stifel Nicolaus lowered their price objective on Workiva from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Stephens assumed coverage on Workiva in a research report on Wednesday, March 19th. They set an “overweight” rating and a $111.00 price objective on the stock. Raymond James raised 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. The Goldman Sachs Group lowered their target price on shares of Workiva from $118.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, BMO Capital Markets reduced their price target on shares of Workiva from $120.00 to $108.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.33.

Workiva 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.