1,091,582 Shares in Workiva Inc. $WK Bought by Hawk Ridge Capital Management LP

Hawk Ridge Capital Management LP bought a new position in shares of Workiva Inc. (NYSE:WK) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,091,582 shares of the software maker’s stock, valued at approximately $65,091,000. Workiva makes up approximately 2.4% of Hawk Ridge Capital Management LP’s portfolio, making the stock its 17th largest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WK. Arrowstreet Capital Limited Partnership increased its holdings in shares of Workiva by 88.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,109,646 shares of the software maker’s stock worth $66,168,000 after acquiring an additional 520,839 shares in the last quarter. Conestoga Capital Advisors LLC raised its position in shares of Workiva by 8.7% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,083,243 shares of the software maker’s stock worth $93,430,000 after purchasing an additional 87,056 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Workiva during the 3rd quarter valued at about $88,289,000. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Workiva by 11.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 893,859 shares of the software maker’s stock valued at $77,095,000 after purchasing an additional 91,808 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of Workiva by 16.4% in the 1st quarter. First Trust Advisors LP now owns 862,936 shares of the software maker’s stock valued at $51,457,000 after purchasing an additional 121,643 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on WK shares. Robert W. Baird set a $74.00 target price on Workiva in a research note on Wednesday, May 6th. BTIG Research cut their price target on shares of Workiva from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Stifel Nicolaus reduced their price target on shares of Workiva from $79.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Stephens reissued an “overweight” rating and set a $68.00 price objective on shares of Workiva in a research report on Tuesday, May 26th. Finally, Zacks Research lowered shares of Workiva from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Ten investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Workiva has a consensus rating of “Moderate Buy” and a consensus target price of $88.50.

Insider Buying and Selling at Workiva

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

Workiva Price Performance

Shares of Workiva stock opened at $55.68 on Tuesday. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 242.09 and a beta of 0.50. The stock’s 50-day moving average is $50.57 and its 200-day moving average is $59.17. 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 data on Tuesday, May 5th. The software maker reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.11. Workiva had a negative return on equity of 68.43% and a net margin of 1.53%.The business had revenue of $247.31 million during the quarter, compared to the consensus estimate of $245.17 million. During the same period last year, the company earned $0.14 earnings per share. Workiva’s quarterly revenue was up 19.9% on a year-over-year basis. 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 analysts expect that Workiva Inc. will post 0.92 EPS for the current year.

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.