Workiva (NYSE:WK) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Workiva (NYSE:WK) from a hold rating to a strong-buy rating in a report issued on Tuesday morning,Zacks.com reports.

WK has been the subject of several other reports. Citigroup reaffirmed a “buy” rating on shares of Workiva in a report on Thursday, August 6th. Stifel Nicolaus set a $70.00 target price on Workiva in a report on Wednesday, August 5th. Raymond James Financial restated an “outperform” rating and issued a $85.00 price target on shares of Workiva in a research report on Wednesday, May 6th. Weiss Ratings raised Workiva from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. Finally, UBS Group set a $70.00 price objective on shares of Workiva in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $84.75.

Workiva Trading Down 1.4%

WK stock opened at $68.10 on Tuesday. The company has a market cap of $3.82 billion, a P/E ratio of 83.05 and a beta of 0.46. Workiva has a 52 week low of $43.34 and a 52 week high of $97.10. The company’s 50-day moving average price is $53.72 and its 200 day moving average price is $57.18.

Workiva (NYSE:WK) last issued its earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. The company had revenue of $255.29 million during the quarter, compared to analysts’ expectations of $251.16 million. Workiva had a net margin of 4.87% and a negative return on equity of 140.17%. The firm’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period last year, the company posted $0.19 earnings per share. 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 research analysts expect that Workiva will post 1.31 earnings per share for the current year.

Insider Buying and Selling

In other Workiva news, Director Robert H. Herz sold 1,000 shares of the stock in a transaction 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.77% of the company’s stock.

Institutional Trading of Workiva

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd purchased a new stake in Workiva during the 4th quarter worth about $26,000. Leonteq Securities AG purchased a new position in Workiva in the 4th quarter valued at about $27,000. Quarry LP boosted its stake in shares of Workiva by 396.3% during the 4th quarter. Quarry LP now owns 407 shares of the software maker’s stock worth $35,000 after purchasing an additional 325 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Workiva by 82.3% during the 3rd 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 last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Workiva by 297.1% during the fourth quarter. IFP Advisors Inc now owns 413 shares of the software maker’s stock worth $36,000 after buying an additional 309 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

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.