Workiva (NYSE:WK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Workiva (NYSE:WK) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday morning.

A number of other brokerages also recently issued reports on WK. BTIG Research cut 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. Raymond James Financial reaffirmed an “outperform” rating and set a $85.00 price objective on shares of Workiva in a research report on Wednesday, May 6th. Zacks Research lowered Workiva from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Stephens reiterated an “overweight” rating and issued a $68.00 target price on shares of Workiva in a report on Tuesday, May 26th. Finally, Robert W. Baird set a $74.00 price target on shares of Workiva in a research report on Wednesday, May 6th. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $88.50.

Workiva Stock Performance

NYSE WK opened at $55.68 on Friday. The firm’s 50 day moving average price is $50.57 and its 200-day moving average price is $59.17. Workiva has a 52-week low of $43.34 and a 52-week high of $97.10. The company has a market cap of $3.12 billion, a PE ratio of 242.09 and a beta of 0.50.

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 company had revenue of $247.31 million for the quarter, compared to analyst estimates of $245.17 million. Workiva had a net margin of 1.53% and a negative return on equity of 68.43%. Workiva’s revenue was up 19.9% compared to the same quarter last year. During the same period last year, the company posted $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, analysts forecast that Workiva will post 0.92 earnings per share for the current fiscal year.

Insider Activity at Workiva

In other 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 completion of 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.77% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WK. Versant Capital Management Inc raised its stake in Workiva by 202.3% in the second quarter. Versant Capital Management Inc now owns 532 shares of the software maker’s stock valued at $26,000 after buying an additional 356 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Workiva during the fourth quarter valued at about $26,000. Leonteq Securities AG acquired a new position in shares of Workiva during the fourth quarter valued at about $27,000. Allworth Financial LP increased its holdings in shares of Workiva by 82.3% during the third quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock valued at $35,000 after acquiring an additional 186 shares in the last quarter. Finally, Quarry LP raised its position in shares of Workiva by 396.3% in the 4th quarter. Quarry LP now owns 407 shares of the software maker’s stock valued at $35,000 after purchasing an additional 325 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

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.