Private Wealth Asset Management LLC Has $15.10 Million Position in Workiva Inc. $WK

Private Wealth Asset Management LLC raised its position in shares of Workiva Inc. (NYSE:WK) by 133.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 175,100 shares of the software maker’s stock after buying an additional 100,000 shares during the period. Workiva comprises about 1.6% of Private Wealth Asset Management LLC’s investment portfolio, making the stock its 9th biggest holding. Private Wealth Asset Management LLC’s holdings in Workiva were worth $15,102,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. George Kaiser Family Foundation boosted its stake in Workiva by 39.2% during the 4th quarter. George Kaiser Family Foundation now owns 7,917 shares of the software maker’s stock valued at $683,000 after purchasing an additional 2,231 shares in the last quarter. Norges Bank purchased a new stake in Workiva in the 4th quarter worth about $53,375,000. King Luther Capital Management Corp grew its stake in Workiva by 0.3% during the 4th quarter. King Luther Capital Management Corp now owns 80,083 shares of the software maker’s stock valued at $6,907,000 after acquiring an additional 248 shares in the last quarter. Flputnam Investment Management Co. grew its stake in Workiva by 1.1% during the 4th quarter. Flputnam Investment Management Co. now owns 81,391 shares of the software maker’s stock valued at $7,020,000 after acquiring an additional 900 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Workiva by 139.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 936 shares of the software maker’s stock valued at $81,000 after acquiring an additional 545 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Workiva Stock Performance

Workiva stock opened at $49.83 on Thursday. Workiva Inc. has a 52 week low of $43.34 and a 52 week high of $97.10. The firm has a market capitalization of $2.80 billion, a PE ratio of 216.63 and a beta of 0.51. The business’s 50-day simple moving average is $53.53 and its 200-day simple moving average is $69.36.

Workiva (NYSE:WK) last posted its quarterly earnings results on Tuesday, May 5th. The software maker reported $0.77 EPS for the quarter, beating the consensus estimate of $0.66 by $0.11. The firm had revenue of $247.31 million during the quarter, compared to analysts’ expectations of $245.17 million. Workiva had a negative return on equity of 68.43% and a net margin of 1.53%.The company’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the prior 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. Research analysts forecast that Workiva Inc. will post 0.92 earnings per share for the current year.

Workiva announced that its board has authorized a share repurchase plan on Monday, February 16th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the software maker to purchase up to 7.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Robert W. Baird set a $74.00 target price on Workiva in a research note on Wednesday, May 6th. Citigroup reiterated a “buy” rating on shares of Workiva in a report on Monday, February 23rd. BMO Capital Markets cut their price objective on Workiva from $92.00 to $83.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Stephens reiterated an “overweight” rating and set a $68.00 price objective on shares of Workiva in a report on Tuesday, May 26th. Finally, Stifel Nicolaus cut their price objective on Workiva from $79.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $88.50.

Insider Buying and Selling

In other Workiva news, Director Robert H. Herz sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $49.69, for a total value of $49,690.00. Following the completion of the transaction, the director owned 34,802 shares of the company’s stock, valued at $1,729,311.38. This represents a 2.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.77% of the stock is currently owned by company insiders.

Workiva 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.