Workiva (NYSE:WK) Director Sells $49,690.00 in Stock

Workiva Inc. (NYSE:WK) Director Robert Herz sold 1,000 shares of Workiva stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $49.69, for a total transaction of $49,690.00. Following the completion of the sale, the director directly owned 34,802 shares in the company, valued at $1,729,311.38. This trade represents a 2.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Workiva Trading Down 1.9%

Shares of NYSE:WK traded down $1.02 during mid-day trading on Tuesday, reaching $51.83. The company had a trading volume of 1,115,455 shares, compared to its average volume of 1,239,503. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 224.63 and a beta of 0.54. The company’s 50-day moving average price is $53.94 and its 200-day moving average price is $69.94. Workiva Inc. has a one year low of $43.34 and a one year high of $97.10.

Workiva (NYSE:WK) last posted its quarterly earnings results on Tuesday, May 5th. The software maker reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.11. The company had revenue of $247.31 million for the quarter, compared to analysts’ expectations of $245.17 million. Workiva had a net margin of 1.53% and a negative return on equity of 68.43%. Workiva’s revenue was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 EPS. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. On average, research analysts anticipate that Workiva Inc. will post 0.92 EPS for the current fiscal year.

Workiva declared that its board has authorized a stock repurchase program on Monday, February 16th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the software maker to buy up to 7.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Institutional Trading of Workiva

Several institutional investors have recently added to or reduced their stakes in the business. Lavelle Capital LP purchased a new stake in Workiva during the first quarter valued at about $883,000. California State Teachers Retirement System boosted its position in Workiva by 30.3% during the first quarter. California State Teachers Retirement System now owns 61,566 shares of the software maker’s stock valued at $3,671,000 after buying an additional 14,332 shares during the period. Ranger Investment Management L.P. boosted its position in Workiva by 11.5% during the first quarter. Ranger Investment Management L.P. now owns 342,185 shares of the software maker’s stock valued at $20,404,000 after buying an additional 35,329 shares during the period. Empowered Funds LLC boosted its position in Workiva by 34.3% during the first quarter. Empowered Funds LLC now owns 9,100 shares of the software maker’s stock valued at $543,000 after buying an additional 2,325 shares during the period. Finally, Hawk Ridge Capital Management LP purchased a new stake in Workiva during the first quarter valued at about $65,091,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WK. Truist Financial reaffirmed a “buy” rating and issued a $90.00 price target (down from $110.00) on shares of Workiva in a report on Friday, February 20th. BMO Capital Markets decreased their price target on shares of Workiva from $92.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $102.00 price target on shares of Workiva in a report on Friday, February 20th. BTIG Research cut their target price on shares of Workiva from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Finally, Stephens reiterated an “overweight” rating and issued a $68.00 target price on shares of Workiva in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $88.50.

Workiva Company Profile

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.