Workiva Inc (WK) Major Shareholder Sells $1,833,000.00 in Stock

Workiva Inc (NYSE:WK) major shareholder Jerome M. Behar sold 75,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $24.44, for a total transaction of $1,833,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Workiva Inc (NYSE:WK) remained flat at $$24.55 during trading on Wednesday. 200,134 shares of the company traded hands, compared to its average volume of 143,082. Workiva Inc has a 52-week low of $13.00 and a 52-week high of $24.65. The company has a debt-to-equity ratio of -1.29, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $1,027.24, a PE ratio of -26.98 and a beta of 0.63.

Several analysts have recently weighed in on WK shares. Stifel Nicolaus increased their price target on shares of Workiva from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Zacks Investment Research raised shares of Workiva from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. TheStreet raised shares of Workiva from a “d” rating to a “c-” rating in a research note on Wednesday, December 13th. SunTrust Banks reissued a “buy” rating and issued a $24.00 price target 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 target on shares of Workiva in a research note on Sunday, October 29th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Workiva presently has a consensus rating of “Hold” and an average target price of $22.14.

Institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its position in shares of Workiva by 73.6% during the 4th quarter. Renaissance Technologies LLC now owns 758,300 shares of the software maker’s stock worth $16,228,000 after purchasing an additional 321,394 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Workiva during the 4th quarter worth approximately $4,261,000. Vanguard Group Inc. boosted its position in shares of 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 purchasing an additional 147,450 shares during the period. EAM Investors LLC purchased a new position in shares of Workiva during the 3rd quarter worth approximately $2,122,000. Finally, Frontier Capital Management Co. LLC boosted its position in shares of Workiva by 16.6% during the 4th quarter. Frontier Capital Management Co. LLC now owns 470,151 shares of the software maker’s stock worth $10,061,000 after purchasing an additional 66,950 shares during the period. 35.20% of the stock is owned by institutional investors and hedge funds.

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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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