Workiva (NYSE:WK) was upgraded by analysts at TheStreet from a “d” rating to a “c-” rating in a report issued on Wednesday.

Several other research analysts have also recently issued reports on the company. Zacks Investment Research cut Workiva from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Credit Suisse Group increased their price objective on Workiva from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 8th. Stifel Nicolaus increased their price objective on Workiva from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. SunTrust Banks reissued a “buy” rating and issued a $24.00 price objective on shares of Workiva in a research note on Friday, November 3rd. Finally, Northland Securities reissued a “buy” rating and issued a $23.00 price objective on shares of Workiva in a research note on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $22.14.

Workiva (NYSE:WK) traded up $0.70 on Wednesday, hitting $21.60. The stock had a trading volume of 308,600 shares, compared to its average volume of 143,126. Workiva has a 1 year low of $12.15 and a 1 year high of $23.70. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of -1.29.

Workiva (NYSE:WK) last announced its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.17. Workiva had a negative return on equity of 13,251.94% and a negative net margin of 18.83%. The company had revenue of $52.10 million for the quarter, compared to analysts’ expectations of $50.64 million. During the same quarter in the prior year, the firm earned ($0.23) earnings per share. Workiva’s revenue was up 16.6% compared to the same quarter last year. equities research analysts predict that Workiva will post -1.1 earnings per share for the current year.

In other Workiva news, major shareholder Jerome M. Behar sold 3,798 shares of the company’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Jerome M. Behar sold 5,885 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $20.20, for a total value of $118,877.00. The disclosure for this sale can be found here. In the last three months, insiders sold 106,154 shares of company stock worth $2,256,241. 33.29% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its holdings in Workiva by 0.9% during 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 lifted its holdings in Workiva by 9.3% during 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 during the period. California State Teachers Retirement System lifted its holdings in Workiva by 1.6% during 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 during the period. Nationwide Fund Advisors lifted its holdings in Workiva by 11.5% during the second quarter. Nationwide Fund Advisors now owns 14,081 shares of the software maker’s stock worth $268,000 after buying an additional 1,448 shares during the period. Finally, Teachers Advisors LLC lifted its holdings in Workiva by 2.4% during the first quarter. Teachers Advisors LLC now owns 72,894 shares of the software maker’s stock worth $1,141,000 after buying an additional 1,680 shares during the period. Institutional investors own 35.19% of the company’s stock.

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About Workiva

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.

Analyst Recommendations for Workiva (NYSE:WK)

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