Royal Bank of Canada Cuts Stock Holdings in Workiva Inc. $WK

Royal Bank of Canada decreased its position in Workiva Inc. (NYSE:WK) by 94.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 223,336 shares of the software maker’s stock after selling 4,144,972 shares during the quarter. Royal Bank of Canada’s holdings in Workiva were worth $13,317,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Hawk Ridge Capital Management LP purchased a new position in Workiva during the first quarter worth about $65,091,000. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Workiva in the 3rd quarter worth approximately $88,289,000. Norges Bank bought a new position in shares of Workiva in the fourth quarter valued at approximately $53,375,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Workiva by 88.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,109,646 shares of the software maker’s stock valued at $66,168,000 after acquiring an additional 520,839 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Workiva by 531.6% during the fourth quarter. Barclays PLC now owns 582,586 shares of the software maker’s stock valued at $50,248,000 after acquiring an additional 490,351 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. BTIG Research dropped their price objective on shares of Workiva from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday. Zacks Research lowered shares of Workiva from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Stephens reaffirmed an “overweight” rating and issued a $68.00 price objective on shares of Workiva in a report on Tuesday, May 26th. Raymond James Financial reiterated an “outperform” rating and issued a $85.00 price objective on shares of Workiva in a research note on Wednesday, May 6th. Finally, Stifel Nicolaus set a $70.00 target price on Workiva in a research report on Wednesday. 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $84.75.

Workiva Price Performance

NYSE WK opened at $65.16 on Friday. Workiva Inc. has a 1 year low of $43.34 and a 1 year high of $97.10. The stock has a market capitalization of $3.66 billion, a PE ratio of 79.47 and a beta of 0.46. The company’s 50 day simple moving average is $52.72 and its two-hundred day simple moving average is $57.67.

Workiva (NYSE:WK) last released its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. The firm had revenue of $255.29 million during the quarter, compared to analyst estimates of $251.16 million. Workiva had a net margin of 4.87% and a negative return on equity of 140.17%. The business’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.19 EPS. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. On average, research analysts anticipate that Workiva Inc. will post 0.92 EPS for the current year.

Insider Transactions at Workiva

In related news, Director Robert H. Herz sold 1,000 shares of Workiva 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 of the company’s stock, valued at approximately $1,729,311.38. This trade represents a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.77% of the company’s stock.

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.