Northland Securities reiterated their buy rating on shares of Workiva (NYSE:WK) in a research note issued to investors on Friday morning. They currently have a $27.00 target price on the software maker’s stock.
Several other research firms have also weighed in on WK. Zacks Investment Research raised shares of Workiva from a sell rating to a hold rating in a report on Saturday, January 13th. Credit Suisse Group lifted their target price on shares of Workiva from $19.00 to $21.00 and gave the company a neutral rating in a report on Wednesday, November 8th. Citigroup lowered shares of Workiva to a market perform rating in a report on Friday. Stifel Nicolaus boosted their price target on shares of Workiva from $24.00 to $28.00 and gave the stock a buy rating in a report on Friday. Finally, ValuEngine raised shares of Workiva from a sell rating to a hold rating in a report on Friday, February 2nd. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Workiva presently has an average rating of Hold and a consensus price target of $23.86.
Workiva (NYSE:WK) opened at $22.20 on Friday. The company has a debt-to-equity ratio of -1.29, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $930.80, a P/E ratio of -20.75 and a beta of 0.63. Workiva has a 1-year low of $13.30 and a 1-year high of $26.75.
In other Workiva news, major shareholder Jerome M. Behar sold 46,000 shares of Workiva stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $22.15, for a total transaction of $1,018,900.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Jerome M. Behar sold 50,000 shares of Workiva stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $22.95, for a total transaction of $1,147,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 251,923 shares of company stock valued at $6,004,525. 33.29% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in WK. Old Mutual Global Investors UK Ltd. acquired a new stake in Workiva during the 3rd quarter worth $106,000. Voya Investment Management LLC acquired a new stake in Workiva during the 2nd quarter worth $192,000. AMP Capital Investors Ltd acquired a new stake in Workiva during the 4th quarter worth $203,000. Stone Ridge Asset Management LLC acquired a new stake in Workiva during the 4th quarter worth $219,000. Finally, GSA Capital Partners LLP acquired a new stake in Workiva during the 3rd quarter worth $224,000. 38.52% of the stock is currently owned by institutional investors.
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Workiva Company Profile
Workiva Inc provides enterprises with cloud solutions for improving productivity, accountability and insight into business data. The Company created Wdesk, a collaborative work management platform for organizations to collect, link, report and analyze their business data. Wdesk’s word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail.
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