Workiva (NYSE:WK) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Workiva (NYSE:WK) from a buy rating to a strong-buy rating in a research note published on Sunday,Wall Street Zen reports.

WK has been the topic of several other research reports. Stifel Nicolaus set a $95.00 price objective on Workiva in a report on Thursday, August 27th. Robert W. Baird boosted their target price on Workiva from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. UBS Group set a $70.00 target price on Workiva in a report on Wednesday, August 5th. BTIG Research set a $85.00 price target on Workiva in a research report on Wednesday, September 16th. Finally, Zacks Research lowered Workiva from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Nine equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Workiva presently has an average rating of “Moderate Buy” and an average price target of $87.00.

Workiva Stock Performance

WK stock opened at $75.48 on Friday. Workiva has a 52 week low of $43.34 and a 52 week high of $97.10. The firm’s fifty day moving average is $72.89 and its 200 day moving average is $59.92. The firm has a market cap of $4.24 billion, a P/E ratio of 92.06 and a beta of 0.53.

Workiva (NYSE:WK) last posted its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.13. Workiva had a net margin of 4.87% and a negative return on equity of 140.17%. The business had revenue of $255.29 million during the quarter, compared to the consensus estimate of $251.16 million. During the same period in the previous year, the firm posted $0.19 earnings per share. The firm’s revenue for the quarter was up 18.6% on a year-over-year basis. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. As a group, analysts forecast that Workiva will post 1.31 EPS for the current year.

Insider Buying and Selling

In other Workiva news, EVP Brandon Ziegler sold 6,571 shares of the stock in a transaction on Thursday, August 20th. The shares were 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 of the company’s stock, valued at $9,588,629.52. This represents a 4.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Workiva

A number of hedge funds have recently modified their holdings of the company. Hawk Ridge Capital Management LP purchased a new stake in shares of Workiva in the 1st quarter worth about $65,091,000. Squarepoint Ops LLC increased its position in shares of Workiva by 110.7% during the second quarter. Squarepoint Ops LLC now owns 1,247,400 shares of the software maker’s stock valued at $60,511,000 after buying an additional 655,396 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Workiva by 88.5% during 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 buying an additional 520,839 shares during the period. Ranger Investment Management L.P. purchased a new position in shares of Workiva during the second quarter valued at about $12,950,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Workiva during the second quarter valued at about $10,242,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Workiva Company Profile

Workiva Inc is a cloud-based software company that helps organizations manage complex reporting, compliance and operational processes. Its platform connects data from multiple sources, enabling users to prepare, review and distribute financial reports, regulatory filings, management reports and other business documents through a collaborative digital environment.

The company’s products support financial reporting, environmental, social and governance (ESG) reporting, risk management, internal controls, audit management and regulatory compliance.