Workiva Inc (WK) Major Shareholder Jerome M. Behar Sells 25,000 Shares

Workiva Inc (NYSE:WK) major shareholder Jerome M. Behar sold 25,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $24.11, for a total transaction of $602,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Workiva Inc (NYSE:WK) remained flat at $$24.55 on Wednesday. The company’s stock had a trading volume of 200,134 shares, compared to its average volume of 143,082. Workiva Inc has a 1-year low of $13.00 and a 1-year high of $24.65. The company has a debt-to-equity ratio of -1.29, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $1,027.24, a price-to-earnings ratio of -26.98 and a beta of 0.63.

A number of institutional investors and hedge funds have recently bought and sold shares of WK. Renaissance Technologies LLC boosted its stake in Workiva by 73.6% during the fourth quarter. Renaissance Technologies LLC now owns 758,300 shares of the software maker’s stock worth $16,228,000 after buying an additional 321,394 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Workiva during the fourth quarter worth $4,261,000. Vanguard Group Inc. boosted its stake in Workiva by 12.4% during 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 in the last quarter. EAM Investors LLC acquired a new stake in Workiva during the third quarter worth $2,122,000. Finally, Frontier Capital Management Co. LLC boosted its stake in Workiva by 16.6% during the fourth quarter. Frontier Capital Management Co. LLC now owns 470,151 shares of the software maker’s stock worth $10,061,000 after buying an additional 66,950 shares in the last quarter. Hedge funds and other institutional investors own 35.20% of the company’s stock.

Several brokerages have recently issued reports on WK. Stifel Nicolaus raised their price objective 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. ValuEngine upgraded shares of Workiva from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. SunTrust Banks restated a “buy” rating and issued a $24.00 price objective on shares of Workiva in a research note on Friday, November 3rd. Credit Suisse Group raised their price objective 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. Finally, TheStreet upgraded shares of Workiva from a “d” rating to a “c-” rating in a research note on Wednesday, December 13th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $22.14.

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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.

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

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