Workiva Inc (WK) Major Shareholder Sells $320,742.31 in Stock

Workiva Inc (NYSE:WK) major shareholder Jerome M. Behar sold 13,843 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $23.17, for a total value of $320,742.31. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 (WK) traded up $0.35 during midday trading on Friday, hitting $23.25. The stock had a trading volume of 179,025 shares, compared to its average volume of 131,851. The company has a market capitalization of $968.28, a price-to-earnings ratio of -25.55 and a beta of 0.63. The company has a debt-to-equity ratio of -1.29, a quick ratio of 0.90 and a current ratio of 0.90. Workiva Inc has a one year low of $12.85 and a one year high of $23.70.

Workiva (NYSE:WK) last announced its earnings results on Tuesday, November 7th. The software maker reported ($0.23) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.40) by $0.17. The firm had revenue of $52.10 million for the quarter, compared to the consensus estimate of $50.64 million. Workiva’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.23) EPS. research analysts predict that Workiva Inc will post -1.1 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Swiss National Bank increased its stake in shares of Workiva by 13.0% during the second quarter. Swiss National Bank now owns 39,021 shares of the software maker’s stock worth $743,000 after purchasing an additional 4,500 shares during the period. Vanguard Group Inc. increased its stake in Workiva by 12.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,336,468 shares of the software maker’s stock worth $25,459,000 after acquiring an additional 147,450 shares during the period. Highwater Wealth Management LLC increased its stake in Workiva by 3.1% during the 3rd quarter. Highwater Wealth Management LLC now owns 773,367 shares of the software maker’s stock worth $16,125,000 after acquiring an additional 23,367 shares during the period. State Street Corp increased its stake in Workiva by 12.3% during the 2nd quarter. State Street Corp now owns 371,323 shares of the software maker’s stock worth $7,074,000 after acquiring an additional 40,657 shares during the period. Finally, Northern Trust Corp increased its stake in Workiva by 12.0% during the 2nd quarter. Northern Trust Corp now owns 279,409 shares of the software maker’s stock worth $5,323,000 after acquiring an additional 29,936 shares during the period. Institutional investors own 35.17% of the company’s stock.

WK has been the subject of a number of recent analyst reports. Credit Suisse Group raised their price objective on Workiva from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, November 8th. Stifel Nicolaus raised their price objective on Workiva from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. SunTrust Banks reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Workiva in a research report on Friday, November 3rd. Northland Securities reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Workiva in a research report on Sunday, October 29th. Finally, Morgan Stanley increased their target price on Workiva from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $22.14.

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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.

Insider Buying and Selling by Quarter for Workiva (NYSE:WK)

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