Siren L.L.C. Purchases 13,377 Shares of Workiva Inc. $WK

Siren L.L.C. boosted its holdings in Workiva Inc. (NYSE:WK) by 16.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 92,500 shares of the software maker’s stock after buying an additional 13,377 shares during the period. Siren L.L.C. owned 0.16% of Workiva worth $5,516,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of WK. Caitong International Asset Management Co. Ltd purchased a new position in shares of Workiva in the fourth quarter valued at about $26,000. Leonteq Securities AG purchased a new stake in shares of Workiva during the fourth quarter worth about $27,000. Quarry LP grew its position in shares of Workiva by 396.3% during the fourth quarter. Quarry LP now owns 407 shares of the software maker’s stock worth $35,000 after purchasing an additional 325 shares in the last quarter. Allworth Financial LP raised its stake in 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 purchasing an additional 186 shares during the period. Finally, IFP Advisors Inc raised its stake in Workiva by 297.1% during the 4th quarter. IFP Advisors Inc now owns 413 shares of the software maker’s stock valued at $36,000 after purchasing an additional 309 shares during the period. 92.21% of the stock is owned by institutional investors.

Insider Activity at Workiva

In other news, Director Robert H. Herz sold 1,000 shares of the 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 directly owned 34,802 shares in the company, valued at approximately $1,729,311.38. This represents a 2.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.77% of the company’s stock.

Workiva Trading Down 2.6%

Shares of WK stock opened at $50.72 on Friday. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 220.51 and a beta of 0.50. Workiva Inc. has a 12-month low of $43.34 and a 12-month high of $97.10. The stock’s 50-day moving average price is $50.35 and its 200-day moving average price is $59.61.

Workiva (NYSE:WK) last announced its quarterly earnings results on Tuesday, May 5th. The software maker reported $0.77 EPS for the quarter, beating 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 company had revenue of $247.31 million during the quarter, compared to analyst estimates of $245.17 million. During the same period in the prior year, the company earned $0.14 earnings per share. The firm’s 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. As a group, research analysts predict that Workiva Inc. will post 0.92 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. BTIG Research lowered their price target on Workiva from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Wall Street Zen cut shares of Workiva from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Stifel Nicolaus reduced their price objective on shares of Workiva from $79.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Zacks Research downgraded shares of Workiva from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Finally, Raymond James Financial restated an “outperform” rating and set a $85.00 target price on shares of Workiva in a research report on Wednesday, May 6th. Ten analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.