Workiva (NYSE:WK) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Wall Street Zen upgraded shares of Workiva (NYSE:WK) from a buy rating to a strong-buy rating in a report issued on Saturday morning.

A number of other brokerages have also recently issued reports on WK. Zacks Research cut shares of Workiva from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Robert W. Baird set a $74.00 price objective on Workiva in a research note on Wednesday, May 6th. Raymond James Financial reiterated an “outperform” rating and issued a $85.00 price objective on shares of Workiva in a report on Wednesday, May 6th. Weiss Ratings cut Workiva from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. Finally, Stephens restated an “overweight” rating and set a $68.00 price target on shares of Workiva in a research report on Tuesday, May 26th. Ten investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $88.50.

Workiva Trading Up 3.5%

WK opened at $52.46 on Friday. The stock has a market capitalization of $2.94 billion, a P/E ratio of 228.10 and a beta of 0.50. The stock has a 50-day moving average price of $50.45 and a 200-day moving average price of $59.56. Workiva has a 12-month low of $43.34 and a 12-month high of $97.10.

Workiva (NYSE:WK) last announced its quarterly earnings data on Tuesday, May 5th. The software maker reported $0.77 earnings per share for the quarter, beating 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 negative return on equity of 68.43% and a net margin of 1.53%.Workiva’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period last 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, equities research analysts predict that Workiva will post 0.92 EPS for the current year.

Insiders Place Their Bets

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 transaction of $49,690.00. Following the transaction, the director owned 34,802 shares in the company, valued at approximately $1,729,311.38. This represents a 2.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.77% of the company’s stock.

Hedge Funds Weigh In On Workiva

Institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its holdings in shares of Workiva by 202.3% during the 2nd quarter. Versant Capital Management Inc now owns 532 shares of the software maker’s stock valued at $26,000 after buying an additional 356 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Workiva during the 4th quarter valued at about $26,000. Leonteq Securities AG bought a new stake in Workiva during the fourth quarter worth about $27,000. Allworth Financial LP grew its holdings in Workiva by 82.3% in the third quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock worth $35,000 after purchasing an additional 186 shares during the period. Finally, Quarry LP increased its stake in shares of Workiva by 396.3% during the fourth quarter. Quarry LP now owns 407 shares of the software maker’s stock valued at $35,000 after purchasing an additional 325 shares in the last quarter. 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.