Insider Selling: Workiva (NYSE:WK) Director Sells $49,690.00 in Stock

Workiva Inc. (NYSE:WK) Director Robert Herz sold 1,000 shares of Workiva stock in a transaction dated Friday, May 29th. The shares were 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Workiva Stock Down 1.6%

Shares of NYSE WK opened at $49.05 on Friday. The firm’s 50-day simple moving average is $53.32 and its 200 day simple moving average is $69.06. The stock has a market cap of $2.75 billion, a P/E ratio of 213.25 and a beta of 0.51. Workiva Inc. has a fifty-two week low of $43.34 and a fifty-two week high of $97.10.

Workiva (NYSE:WK) last released its earnings results 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. The firm had revenue of $247.31 million for the quarter, compared to analyst estimates of $245.17 million. Workiva had a negative return on equity of 68.43% and a net margin of 1.53%.Workiva’s revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.14 earnings per share. 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, sell-side analysts anticipate that Workiva Inc. will post 0.92 earnings per share for the current fiscal year.

Workiva declared that its board has initiated a share repurchase program on Monday, February 16th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the software maker to repurchase up to 7.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

WK has been the topic of a number of research analyst reports. BMO Capital Markets lowered their target price on Workiva from $92.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Stifel Nicolaus lowered their target price on Workiva from $79.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $102.00 target price on shares of Workiva in a report on Friday, February 20th. Weiss Ratings lowered Workiva from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $85.00 target price on shares of Workiva in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.50.

Hedge Funds Weigh In On Workiva

A number of institutional investors have recently bought and sold shares of WK. Hawk Ridge Capital Management LP purchased a new position in Workiva in the 1st quarter worth about $65,091,000. Eminence Capital LP increased its stake in Workiva by 40.7% in the 3rd quarter. Eminence Capital LP now owns 3,723,546 shares of the software maker’s stock worth $320,523,000 after purchasing an additional 1,076,778 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in Workiva in the 3rd quarter worth about $88,289,000. Assenagon Asset Management S.A. increased its stake in Workiva by 14,955.0% in the 4th 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 in the last quarter. Finally, Norges Bank purchased a new position in Workiva in the 4th quarter worth about $53,375,000. 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.