Wall Street Zen Downgrades Workiva (NYSE:WK) to Buy

Workiva (NYSE:WK) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Other research analysts also recently issued research reports about the stock. Robert W. Baird set a $74.00 price objective on shares of Workiva in a report on Wednesday, May 6th. Stifel Nicolaus set a $95.00 target price on shares of Workiva in a research report on Thursday. Citigroup restated a “buy” rating on shares of Workiva in a report on Thursday, August 6th. Stephens reiterated an “overweight” rating and set a $68.00 price target on shares of Workiva in a research note on Tuesday, May 26th. Finally, BTIG Research decreased their price objective on Workiva from $80.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.83.

Workiva Stock Performance

Shares of NYSE:WK opened at $78.70 on Friday. The business’s 50 day simple moving average is $59.88 and its two-hundred day simple moving average is $57.07. The firm has a market cap of $4.42 billion, a P/E ratio of 95.98 and a beta of 0.46. Workiva has a 52-week low of $43.34 and a 52-week high of $97.10.

Workiva (NYSE:WK) last released its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.77 EPS for the quarter, beating the consensus estimate of $0.64 by $0.13. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%.The firm had revenue of $255.29 million during the quarter, compared to the consensus estimate of $251.16 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. On average, equities analysts forecast that Workiva will post 1.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Workiva

In other news, EVP Brandon Ziegler sold 6,571 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $75.97, for a total value of $499,198.87. Following the completion of the transaction, the executive vice president directly owned 126,216 shares of the company’s stock, valued at $9,588,629.52. This represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.77% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC boosted its position in Workiva by 0.9% during the 4th quarter. LPL Financial LLC now owns 20,475 shares of the software maker’s stock valued at $1,766,000 after buying an additional 185 shares during the period. Allworth Financial LP raised its stake in shares of Workiva by 82.3% during the third quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock valued at $35,000 after acquiring an additional 186 shares during the last quarter. Handelsbanken Fonder AB raised its stake in shares of Workiva by 1.3% during the second quarter. Handelsbanken Fonder AB now owns 16,095 shares of the software maker’s stock valued at $781,000 after acquiring an additional 200 shares during the last quarter. King Luther Capital Management Corp boosted its holdings in shares of Workiva by 0.3% during the fourth quarter. King Luther Capital Management Corp now owns 80,083 shares of the software maker’s stock worth $6,907,000 after purchasing an additional 248 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Workiva by 66.0% during the fourth quarter. Farther Finance Advisors LLC now owns 669 shares of the software maker’s stock worth $58,000 after purchasing an additional 266 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

About Workiva

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.