Workiva (NYSE:WK) Stock Price Down 9.6% After Analyst Downgrade

Workiva Inc. (NYSE:WK) fell 9.6% during mid-day trading on Wednesday after BTIG Research lowered their price target on the stock from $90.00 to $80.00. BTIG Research currently has a buy rating on the stock. Workiva traded as low as $49.44 and last traded at $50.09. 233,391 shares traded hands during trading, a decline of 76% from the average session volume of 987,486 shares. The stock had previously closed at $55.41.

Other equities analysts have also recently issued research reports about the stock. Robert W. Baird decreased their price objective on shares of Workiva from $115.00 to $86.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. BMO Capital Markets decreased their price objective on shares of Workiva from $92.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Truist Financial restated a “buy” rating and issued a $90.00 price objective (down from $110.00) on shares of Workiva in a research report on Friday, February 20th. Stifel Nicolaus reduced their price target on shares of Workiva from $98.00 to $79.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Finally, Citigroup restated a “buy” rating on shares of Workiva in a report on Monday, February 23rd. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Workiva currently has an average rating of “Moderate Buy” and a consensus target price of $93.17.

Trending Headlines about Workiva

Here are the key news stories impacting Workiva this week:

• Positive Sentiment: Q1 results beat expectations: Workiva reported $0.77 EPS vs. $0.66 consensus and revenue of $247.3M (up 19.9% YoY), signaling continued top-line growth and margin improvement. Press Release
• Positive Sentiment: Management raised guidance materially: Q2 EPS 0.62–0.65 (vs. ~0.42 consensus) and FY26 EPS 2.85–2.95 (vs. ~2.28 consensus). Upward guidance is a clear catalyst for earnings re‑rating if execution continues. Company Release
• Neutral Sentiment: Earnings call transcript and materials are available for detail on product adoption, AI initiatives and margin drivers — useful for assessing whether upside guidance is sustainable. Earnings Transcript
• Neutral Sentiment: Analyst and media write-ups (Zacks, MarketBeat, Yahoo) provide model comparisons and valuation context; they largely reflect the beats and guidance but note mixed momentum vs. prior highs. Zacks Coverage
• Negative Sentiment: BTIG cut its price target from $90 to $80 (still a Buy), trimming implied upside and indicating some analyst caution despite the beat. That target reset can pressure sentiment even with positive fundamentals. BTIG PT Cut
• Negative Sentiment: Technicals and momentum are weak: shares are trading below key moving averages and nearer the 12‑month low than the high, which can amplify downside on headline-driven volume. Market Data

Institutional Investors Weigh In On Workiva

Institutional investors have recently made changes to their positions in the company. Private Wealth Asset Management LLC grew its holdings in shares of Workiva by 1,731.7% during the third quarter. Private Wealth Asset Management LLC now owns 75,100 shares of the software maker’s stock valued at $6,465,000 after buying an additional 71,000 shares during the last quarter. Irenic Capital Management LP purchased a new stake in shares of Workiva during the third quarter valued at approximately $42,783,000. Nordea Investment Management AB boosted its holdings in Workiva by 50.7% in the third quarter. Nordea Investment Management AB now owns 1,368,401 shares of the software maker’s stock worth $115,589,000 after purchasing an additional 460,540 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in Workiva by 19.8% in the third quarter. Impax Asset Management Group plc now owns 136,086 shares of the software maker’s stock worth $11,714,000 after purchasing an additional 22,500 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Workiva by 14,955.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 740,102 shares of the software maker’s stock worth $63,834,000 after purchasing an additional 735,186 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Workiva Stock Down 6.6%

The company’s fifty day moving average is $58.74 and its 200-day moving average is $75.12. The company has a market cap of $2.94 billion, a PE ratio of -108.34 and a beta of 0.54.

Workiva (NYSE:WK) last issued its earnings results on Tuesday, May 5th. The software maker reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.11. The company had revenue of $247.31 million during the quarter, compared to analysts’ expectations of $245.17 million. During the same quarter in the prior year, the business posted $0.14 EPS. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. Equities research analysts expect that Workiva Inc. will post 0.53 EPS for the current fiscal year.

Workiva announced that its Board of Directors has initiated a stock buyback program on Monday, February 16th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the software maker to buy up to 7.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

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.