Jerome M. Behar Sells 3,798 Shares of Workiva Inc. (WK) Stock
Workiva Inc. (NYSE:WK) major shareholder Jerome M. Behar sold 3,798 shares of the stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $20.25, for a total transaction of $76,909.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Workiva Inc. (NYSE WK) traded up 0.25% during mid-day trading on Friday, reaching $20.20. 100,039 shares of the company’s stock were exchanged. The company’s market cap is $844.89 million. Workiva Inc. has a 52-week low of $12.15 and a 52-week high of $20.95. The company’s 50-day moving average price is $19.67 and its 200 day moving average price is $18.16.
Workiva (NYSE:WK) last announced its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.25) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.31) by $0.06. The business had revenue of $49.40 million during the quarter, compared to analyst estimates of $48.37 million. Workiva had a negative net margin of 18.94% and a negative return on equity of 13,251.94%. Workiva’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.20) EPS. On average, equities research analysts predict that Workiva Inc. will post ($0.63) EPS for the current year.
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Several research analysts recently commented on the stock. Morgan Stanley restated an “equal weight” rating and set a $18.00 target price (up previously from $16.00) on shares of Workiva in a report on Tuesday, July 25th. BidaskClub cut shares of Workiva from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Stifel Nicolaus restated a “buy” rating and set a $21.00 target price on shares of Workiva in a report on Friday, August 4th. Robert W. Baird increased their target price on shares of Workiva from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, SunTrust Banks, Inc. restated a “buy” rating and set a $24.00 target price (up previously from $22.00) on shares of Workiva in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $20.57.
A number of institutional investors and hedge funds have recently bought and sold shares of WK. ETF Managers Group LLC purchased a new position in Workiva during the 2nd quarter worth $118,000. Legal & General Group Plc boosted its holdings in Workiva by 9.3% during the 2nd quarter. Legal & General Group Plc now owns 6,999 shares of the software maker’s stock worth $134,000 after acquiring an additional 597 shares during the last quarter. Bank of Montreal Can purchased a new position in Workiva during the 2nd quarter worth $162,000. Voya Investment Management LLC purchased a new position in Workiva during the 2nd quarter worth $192,000. Finally, American International Group Inc. boosted its holdings in Workiva by 7.0% during the 1st quarter. American International Group Inc. now owns 13,520 shares of the software maker’s stock worth $212,000 after acquiring an additional 888 shares during the last quarter. 43.27% of the stock is currently owned by hedge funds and other institutional investors.
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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