Wall Street brokerages expect Workiva Inc (NYSE:WK) to post sales of $53.30 million for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Workiva’s earnings, with the lowest sales estimate coming in at $53.20 million and the highest estimate coming in at $53.40 million. Workiva reported sales of $46.37 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 14.9%. The company is expected to announce its next quarterly earnings report on Thursday, February 22nd.

On average, analysts expect that Workiva will report full-year sales of $53.30 million for the current financial year, with estimates ranging from $206.57 million to $207.00 million. For the next financial year, analysts anticipate that the company will post sales of $235.41 million per share, with estimates ranging from $234.97 million to $236.21 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Workiva.

Workiva (NYSE:WK) last announced its earnings results on Tuesday, November 7th. The software maker reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.17. The business had revenue of $52.10 million for the quarter, compared to the consensus estimate of $50.64 million. Workiva had a negative net margin of 18.83% and a negative return on equity of 13,251.94%. Workiva’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period last year, the firm posted ($0.23) earnings per share.

Several research analysts have commented on the stock. Credit Suisse Group lifted their price target on shares of Workiva from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 8th. Stifel Nicolaus lifted their price target on shares of 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 set a $24.00 price target on shares of Workiva in a research note on Friday, November 3rd. Northland Securities reissued a “buy” rating and set a $23.00 price target on shares of Workiva in a research note on Sunday, October 29th. Finally, Morgan Stanley lifted their price target on shares of Workiva from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $22.14.

In related news, major shareholder Jerome M. Behar sold 24,798 shares of Workiva stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $20.21, for a total value of $501,167.58. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Jerome M. Behar sold 2,442 shares of Workiva stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $23.40, for a total transaction of $57,142.80. The disclosure for this sale can be found here. Insiders have sold 106,154 shares of company stock worth $2,256,241 over the last three months. Insiders own 33.29% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Workiva by 12.4% in the second quarter. Vanguard Group Inc. now owns 1,336,468 shares of the software maker’s stock worth $25,459,000 after buying an additional 147,450 shares during the period. Highwater Wealth Management LLC increased its stake in shares of Workiva by 3.1% in the third quarter. Highwater Wealth Management LLC now owns 773,367 shares of the software maker’s stock worth $16,125,000 after buying an additional 23,367 shares during the period. Frontier Capital Management Co. LLC increased its stake in shares of 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 during the period. State Street Corp increased its stake in shares of Workiva by 12.3% in the second quarter. State Street Corp now owns 371,323 shares of the software maker’s stock worth $7,074,000 after buying an additional 40,657 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Workiva by 12.0% in the second quarter. Northern Trust Corp now owns 279,409 shares of the software maker’s stock worth $5,323,000 after buying an additional 29,936 shares during the period. 35.19% of the stock is currently owned by institutional investors.

Shares of Workiva (NYSE:WK) opened at $21.60 on Friday. Workiva has a one year low of $12.15 and a one year high of $23.70. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of -1.29.

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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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