Zacks Research Downgrades Workiva (NYSE:WK) to Hold

Workiva (NYSE:WK) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

WK has been the topic of a number of other research reports. Stifel Nicolaus dropped their price objective on shares of Workiva from $79.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. BTIG Research lowered their price target on shares of Workiva from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Stephens restated an “overweight” rating and set a $68.00 price target on shares of Workiva in a research report on Tuesday, May 26th. Weiss Ratings cut shares of Workiva from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. Finally, Wall Street Zen downgraded shares of Workiva from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Ten 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $88.50.

Workiva Stock Performance

Shares of WK opened at $52.91 on Monday. The business’s 50-day moving average is $49.56 and its two-hundred day moving average is $62.40. The company has a market capitalization of $2.97 billion, a P/E ratio of 230.06 and a beta of 0.50. Workiva has a fifty-two week low of $43.34 and a fifty-two week high of $97.10.

Workiva (NYSE:WK) last issued its quarterly earnings data on Tuesday, May 5th. The software maker reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.11. The business had revenue of $247.31 million during 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%.The company’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the previous 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. Analysts forecast that Workiva will post 0.92 EPS for the current year.

Insider Activity

In other news, Director Robert H. Herz sold 1,000 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $49.69, for a total value of $49,690.00. Following the completion of the sale, the director directly owned 34,802 shares in the company, valued at $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 link. 4.77% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WK. Hawk Ridge Capital Management LP purchased a new stake in shares of Workiva in the first quarter valued at about $65,091,000. Eminence Capital LP boosted its holdings in Workiva by 40.7% in the 3rd quarter. Eminence Capital LP now owns 3,723,546 shares of the software maker’s stock valued at $320,523,000 after purchasing an additional 1,076,778 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Workiva in the 3rd quarter valued at approximately $88,289,000. Assenagon Asset Management S.A. grew its stake in shares of 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 valued at $63,834,000 after buying an additional 735,186 shares during the period. Finally, Norges Bank acquired a new stake in shares of Workiva during the 4th quarter worth approximately $53,375,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

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.