Workiva (NYSE:WK) EVP Brandon Ziegler Sells 6,571 Shares of Stock

Workiva Inc. (NYSE:WK) EVP Brandon Ziegler sold 6,571 shares of Workiva stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $75.97, for a total value of $499,198.87. Following the completion of the transaction, the executive vice president directly owned 126,216 shares in the company, valued at $9,588,629.52. This represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Workiva Stock Performance

WK traded down $0.64 on Friday, reaching $74.75. 634,120 shares of the company’s stock were exchanged, compared to its average volume of 993,272. The company’s 50 day moving average is $56.56 and its 200-day moving average is $56.87. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 91.16 and a beta of 0.46. Workiva Inc. has a twelve month low of $43.34 and a twelve month high of $97.10.

Workiva (NYSE:WK) last posted its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.77 EPS for the quarter, beating the consensus estimate of $0.64 by $0.13. The firm had revenue of $255.29 million for 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%. Workiva’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 earnings per share. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. Sell-side analysts forecast that Workiva Inc. will post 1.31 EPS for the current year.

Hedge Funds Weigh In On Workiva

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nykredit A S acquired a new stake in shares of Workiva during the second quarter valued at about $180,000. Wellington Management Group LLP acquired a new position in shares of Workiva in the second quarter worth about $1,801,000. Praesidium Investment Management Company LLC purchased a new position in Workiva in the second quarter valued at about $4,619,025,000. Ranger Investment Management L.P. acquired a new stake in Workiva during the 2nd quarter valued at approximately $12,950,000. Finally, Madison Asset Management LLC acquired a new stake in Workiva during the 2nd quarter valued at approximately $4,365,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on WK shares. Stifel Nicolaus set a $70.00 price target on Workiva in a report on Wednesday, August 5th. UBS Group set a $70.00 target price on Workiva in a research report on Wednesday, August 5th. Stephens reiterated an “overweight” rating and issued a $68.00 target price on shares of Workiva in a research note on Tuesday, May 26th. BTIG Research dropped their target price on Workiva from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Finally, Robert W. Baird set a $74.00 price target on Workiva in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Workiva currently has a consensus rating of “Moderate Buy” and an average price target of $84.75.

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.