Workiva Inc. (NYSE:WK) Given Average Recommendation of “Moderate Buy” by Analysts

Workiva Inc. (NYSE:WK) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $113.50.

A number of research analysts have recently commented on WK shares. Stifel Nicolaus reduced their target price on shares of Workiva from $92.00 to $85.00 and set a “hold” rating on the stock in a research report on Wednesday, February 21st. BMO Capital Markets decreased their price objective on shares of Workiva from $123.00 to $113.00 and set an “outperform” rating for the company in a research report on Wednesday, February 21st. Finally, Citigroup dropped their target price on Workiva from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st.

Insider Transactions at Workiva

In other news, EVP Michael D. Hawkins sold 11,439 shares of Workiva stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $93.62, for a total value of $1,070,919.18. Following the completion of the transaction, the executive vice president now owns 62,453 shares in the company, valued at approximately $5,846,849.86. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 5.71% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WK. Cornerstone Planning Group LLC bought a new position in Workiva during the 2nd quarter worth $27,000. GHP Investment Advisors Inc. acquired a new stake in shares of Workiva in the 4th quarter worth about $28,000. Belpointe Asset Management LLC increased its holdings in shares of Workiva by 133.8% in the 1st quarter. Belpointe Asset Management LLC now owns 346 shares of the software maker’s stock worth $35,000 after acquiring an additional 198 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Workiva during the 3rd quarter valued at about $54,000. Finally, Lazard Asset Management LLC acquired a new position in Workiva during the 1st quarter valued at about $82,000. 92.21% of the stock is currently owned by institutional investors.

Workiva Price Performance

NYSE:WK opened at $78.19 on Thursday. The business’s 50-day moving average is $85.70 and its two-hundred day moving average is $92.50. The firm has a market capitalization of $4.28 billion, a PE ratio of -32.99 and a beta of 1.03. Workiva has a 12 month low of $77.31 and a 12 month high of $116.00.

Workiva (NYSE:WK) last posted its earnings results on Tuesday, February 20th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.10. The company had revenue of $166.65 million during the quarter, compared to analyst estimates of $164.44 million. Equities analysts anticipate that Workiva will post -0.91 EPS for the current year.

Workiva Company Profile

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.