Workiva Inc. (WK) Major Shareholder Jerome M. Behar Sells 1,839 Shares
Workiva Inc. (NYSE:WK) major shareholder Jerome M. Behar sold 1,839 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $20.00, for a total transaction of $36,780.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Workiva Inc. (NYSE:WK) traded up 1.03% during mid-day trading on Wednesday, hitting $19.70. 93,694 shares of the stock traded hands. The stock’s market cap is $823.97 million. The firm’s 50 day moving average price is $19.61 and its 200-day moving average price is $17.06. Workiva Inc. has a 12-month low of $12.15 and a 12-month high of $20.95.
Workiva (NYSE:WK) last released its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.25) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.06. Workiva had a negative net margin of 18.94% and a negative return on equity of 13,251.94%. The business had revenue of $49.40 million for the quarter, compared to analysts’ expectations of $48.37 million. During the same quarter last year, the company earned ($0.20) EPS. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. Analysts predict that Workiva Inc. will post ($0.63) earnings per share for the current year.
WK has been the topic of several research reports. Credit Suisse Group raised their price objective on shares of Workiva from $16.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, May 15th. BidaskClub downgraded shares of Workiva from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. SunTrust Banks, Inc. started coverage on shares of Workiva in a report on Monday, June 26th. They issued a “buy” rating and a $22.00 target price on the stock. Northland Securities reaffirmed a “buy” rating and issued a $18.00 target price on shares of Workiva in a report on Friday, July 28th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $18.00 target price (up previously from $16.00) on shares of Workiva in a report on Tuesday, July 25th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $18.88.
Several hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in Workiva by 0.9% in the second quarter. Wells Fargo & Company MN now owns 42,281 shares of the software maker’s stock worth $805,000 after buying an additional 387 shares during the period. Legal & General Group Plc raised its position in shares of 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. California State Teachers Retirement System raised its position in shares of Workiva by 1.6% in the second quarter. California State Teachers Retirement System now owns 43,968 shares of the software maker’s stock worth $838,000 after buying an additional 700 shares in the last quarter. American International Group Inc. raised its position in shares of Workiva by 7.0% in the first quarter. American International Group Inc. now owns 13,520 shares of the software maker’s stock worth $212,000 after buying an additional 888 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Workiva by 1.6% in the first quarter. HighTower Advisors LLC now owns 57,732 shares of the software maker’s stock worth $904,000 after buying an additional 900 shares in the last quarter. 41.18% of the stock is currently owned by institutional investors and hedge funds.
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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