T. Rowe Price Investment Management Inc. Has $235.21 Million Stock Holdings in Workiva Inc. (NYSE:WK)

T. Rowe Price Investment Management Inc. lifted its holdings in shares of Workiva Inc. (NYSE:WK) by 10.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,148,021 shares of the software maker’s stock after purchasing an additional 200,220 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 3.88% of Workiva worth $235,209,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Nisa Investment Advisors LLC boosted its holdings in Workiva by 8.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker’s stock valued at $159,000 after acquiring an additional 116 shares during the period. World Investment Advisors boosted its stake in Workiva by 2.7% during the 4th quarter. World Investment Advisors now owns 5,135 shares of the software maker’s stock valued at $562,000 after purchasing an additional 135 shares during the period. Park Avenue Securities LLC grew its holdings in Workiva by 4.5% in the 4th quarter. Park Avenue Securities LLC now owns 4,561 shares of the software maker’s stock valued at $499,000 after buying an additional 198 shares during the last quarter. Arizona State Retirement System increased its position in Workiva by 1.6% in the 4th quarter. Arizona State Retirement System now owns 14,170 shares of the software maker’s stock worth $1,552,000 after buying an additional 224 shares during the period. Finally, Twin Tree Management LP acquired a new position in shares of Workiva during the fourth quarter worth approximately $25,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Workiva Stock Up 1.6 %

Shares of Workiva stock opened at $69.92 on Thursday. Workiva Inc. has a 12-month low of $60.50 and a 12-month high of $116.83. The stock has a market capitalization of $3.92 billion, a P/E ratio of -76.00 and a beta of 1.02. The company has a 50-day simple moving average of $79.29 and a 200 day simple moving average of $90.91.

Insider Transactions at Workiva

In other Workiva news, Director Robert H. Herz sold 1,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $88.70, for a total transaction of $88,700.00. Following the sale, the director now owns 34,084 shares of the company’s stock, valued at $3,023,250.80. This represents a 2.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael D. Hawkins sold 10,421 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $85.43, for a total transaction of $890,266.03. Following the completion of the transaction, the executive vice president now directly owns 61,298 shares of the company’s stock, valued at approximately $5,236,688.14. This represents a 14.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,129 shares of company stock valued at $1,807,333. Corporate insiders own 3.86% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on WK shares. BNP Paribas initiated coverage on shares of Workiva in a research report on Tuesday. They issued an “outperform” rating and a $100.00 price target on the stock. Citigroup raised their price objective on Workiva from $128.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. BMO Capital Markets lowered their price objective on Workiva from $120.00 to $108.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Stifel Nicolaus decreased their price target on shares of Workiva from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Finally, Raymond James upgraded shares of Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price objective for the company in a research note on Friday, January 3rd. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.90.

About Workiva

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.