Janney Montgomery Scott LLC Cuts Stock Position in Workiva Inc. $WK

Janney Montgomery Scott LLC lessened its holdings in Workiva Inc. (NYSE:WK) by 75.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,965 shares of the software maker’s stock after selling 12,335 shares during the period. Janney Montgomery Scott LLC’s holdings in Workiva were worth $236,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new position in Workiva during the fourth quarter valued at $26,000. Leonteq Securities AG bought a new stake in shares of Workiva in the 4th quarter worth about $27,000. Allworth Financial LP raised its position in shares of Workiva by 82.3% during the 3rd quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock valued at $35,000 after buying an additional 186 shares in the last quarter. Quarry LP raised its position in shares of Workiva by 396.3% during the 4th quarter. Quarry LP now owns 407 shares of the software maker’s stock valued at $35,000 after buying an additional 325 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Workiva by 297.1% in the 4th quarter. IFP Advisors Inc now owns 413 shares of the software maker’s stock valued at $36,000 after acquiring an additional 309 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Insider Activity

In other Workiva news, Director Robert H. Herz sold 1,000 shares of the business’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 completion of the transaction, the director owned 34,802 shares in the company, valued at $1,729,311.38. The trade was 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 company insiders.

Workiva Trading Up 0.1%

Workiva stock opened at $57.21 on Monday. Workiva Inc. has a 12-month low of $43.34 and a 12-month high of $97.10. The firm has a 50-day moving average price of $49.71 and a 200-day moving average price of $60.51. The firm has a market capitalization of $3.21 billion, a PE ratio of 248.74 and a beta of 0.50.

Workiva (NYSE:WK) last issued its quarterly earnings results on Tuesday, May 5th. The software maker reported $0.77 EPS for the quarter, beating the consensus estimate of $0.66 by $0.11. Workiva had a net margin of 1.53% and a negative return on equity of 68.43%. The company had revenue of $247.31 million for the quarter, compared to the consensus estimate of $245.17 million. During the same period in the prior year, the firm posted $0.14 EPS. The firm’s revenue was up 19.9% compared to the same quarter last year. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. As a group, sell-side analysts predict that Workiva Inc. will post 0.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on WK shares. Stifel Nicolaus dropped their price target on Workiva from $79.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Weiss Ratings downgraded Workiva from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. Stephens reaffirmed an “overweight” rating and issued a $68.00 price objective on shares of Workiva in a research note on Tuesday, May 26th. Robert W. Baird set a $74.00 target price on Workiva in a report on Wednesday, May 6th. Finally, Zacks Research cut Workiva from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Ten research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Workiva has a consensus rating of “Moderate Buy” and a consensus price target of $88.50.

Workiva 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.