Workiva Inc. (NYSE:WK) Major Shareholder Sells $731,580.00 in Stock
Workiva Inc. (NYSE:WK) major shareholder Jerome M. Behar sold 36,579 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $20.00, for a total value of $731,580.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Workiva Inc. (NYSE:WK) traded down 0.51% on Tuesday, reaching $19.35. The company had a trading volume of 85,221 shares. The stock’s 50-day moving average is $19.51 and its 200-day moving average is $16.63. The company’s market capitalization is $800.64 million. Workiva Inc. has a 52 week low of $12.15 and a 52 week high of $20.95.
Workiva (NYSE:WK) last posted its earnings results on Thursday, August 3rd. The software maker reported ($0.25) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.06. The company had revenue of $49.40 million during the quarter, compared to analyst estimates of $48.37 million. Workiva had a negative return on equity of 13,251.94% and a negative net margin of 18.94%. Workiva’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.20) earnings per share. Equities research analysts forecast that Workiva Inc. will post ($0.63) EPS for the current fiscal year.
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A number of research analysts have recently commented on the company. Stifel Nicolaus restated a “buy” rating and issued a $21.00 target price on shares of Workiva in a research note on Friday. Credit Suisse Group raised their price objective on Workiva from $16.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, May 5th. Morgan Stanley reaffirmed an “equal weight” rating and set a $18.00 price objective (up previously from $16.00) on shares of Workiva in a research report on Tuesday, July 25th. Northland Securities reaffirmed a “buy” rating and set a $18.00 price objective on shares of Workiva in a research report on Friday, July 28th. Finally, BidaskClub lowered Workiva from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $18.88.
Hedge funds have recently bought and sold shares of the company. Frontier Capital Management Co. LLC raised its stake in Workiva by 34.1% in the second quarter. Frontier Capital Management Co. LLC now owns 486,707 shares of the software maker’s stock worth $9,272,000 after buying an additional 123,887 shares in the last quarter. Legal & General Group Plc raised its stake in Workiva by 9.3% in the second quarter. Legal & General Group Plc now owns 6,999 shares of the software maker’s stock worth $134,000 after buying an additional 597 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Workiva by 17.6% in the second quarter. Bank of New York Mellon Corp now owns 96,564 shares of the software maker’s stock worth $1,840,000 after buying an additional 14,466 shares in the last quarter. Rhumbline Advisers raised its stake in Workiva by 13.2% in the second quarter. Rhumbline Advisers now owns 26,131 shares of the software maker’s stock worth $498,000 after buying an additional 3,055 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Workiva by 14.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 82,594 shares of the software maker’s stock worth $1,574,000 after buying an additional 10,518 shares in the last quarter. Institutional investors own 41.36% of the company’s stock.
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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