Workiva (NYSE:WK) Price Target Raised to $80.00

Workiva (NYSE:WK) had its price target increased by BTIG Research from $70.00 to $80.00 in a research report sent to investors on Friday morning, Marketbeat Ratings reports. BTIG Research currently has a buy rating on the software maker’s stock.

A number of other research firms also recently commented on WK. Stephens restated an “overweight” rating and issued a $68.00 price objective on shares of Workiva in a report on Tuesday, May 26th. UBS Group set a $70.00 target price on shares of Workiva in a research note on Wednesday, August 5th. Stifel Nicolaus set a $95.00 target price on shares of Workiva in a research report on Thursday, August 27th. Citigroup restated a “buy” rating on shares of Workiva in a research note on Thursday, August 6th. Finally, Wall Street Zen downgraded shares of Workiva from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.80.

Workiva Stock Up 0.1%

Workiva stock opened at $71.90 on Friday. Workiva has a 12 month low of $43.34 and a 12 month high of $97.10. The stock has a market cap of $4.04 billion, a P/E ratio of 87.69 and a beta of 0.49. The company’s fifty day simple moving average is $65.19 and its 200-day simple moving average is $58.04.

Workiva (NYSE:WK) last announced its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.13. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%.The business had revenue of $255.29 million during the quarter, compared to analyst estimates of $251.16 million. During the same period last year, the company earned $0.19 earnings per share. Workiva’s quarterly revenue was up 18.6% compared to the same quarter last year. 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, equities research analysts expect that Workiva will post 1.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Brandon Ziegler sold 6,571 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $75.97, for a total transaction of $499,198.87. Following the completion of the sale, the executive vice president owned 126,216 shares in the company, valued at $9,588,629.52. This represents a 4.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.77% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Millennium Management LLC grew its stake in shares of Workiva by 44.5% in the first quarter. Millennium Management LLC now owns 237,746 shares of the software maker’s stock worth $18,047,000 after acquiring an additional 73,266 shares during the last quarter. Empowered Funds LLC bought a new position in Workiva during the first quarter worth $421,000. Prudential Financial Inc. raised its stake in Workiva by 66.7% during the 2nd quarter. Prudential Financial Inc. now owns 6,259 shares of the software maker’s stock valued at $428,000 after purchasing an additional 2,505 shares during the last quarter. Cerity Partners LLC raised its stake in Workiva by 24.8% during the 2nd quarter. Cerity Partners LLC now owns 3,297 shares of the software maker’s stock valued at $226,000 after purchasing an additional 656 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in Workiva by 0.4% in the 2nd quarter. California Public Employees Retirement System now owns 82,197 shares of the software maker’s stock valued at $5,626,000 after purchasing an additional 342 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Workiva Company Profile

Workiva Inc (NYSE: WK) is a cloud-based software company that provides connected reporting and compliance solutions for organizations. Its platform is designed to help businesses manage financial reporting, regulatory filings, environmental, social and governance (ESG) reporting, internal controls, risk management and audit-related processes in a centralized, collaborative environment.

Workiva’s offerings support the preparation and distribution of documents such as annual reports, quarterly filings, earnings materials and sustainability reports.