Workiva Inc (NYSE:WK) CEO Martin J. Vanderploeg sold 25,000 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $60.80, for a total transaction of $1,520,000.00. Following the transaction, the chief executive officer now owns 314,918 shares of the company’s stock, valued at $19,147,014.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NYSE WK traded down $0.47 during mid-day trading on Friday, reaching $60.75. The company’s stock had a trading volume of 198,556 shares, compared to its average volume of 339,042. The business has a 50-day simple moving average of $56.25. The firm has a market cap of $2.78 billion, a PE ratio of -65.32 and a beta of 0.96. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 9.78. Workiva Inc has a 1-year low of $24.35 and a 1-year high of $61.76.
Workiva (NYSE:WK) last issued its earnings results on Wednesday, May 1st. The software maker reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.05. The business had revenue of $69.96 million during the quarter, compared to analyst estimates of $69.11 million. Workiva’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.09) earnings per share. As a group, equities analysts predict that Workiva Inc will post -1.1 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of WK. Advisor Group Inc. grew its holdings in shares of Workiva by 238.1% in the fourth quarter. Advisor Group Inc. now owns 710 shares of the software maker’s stock valued at $26,000 after purchasing an additional 500 shares during the period. Macquarie Group Ltd. grew its holdings in shares of Workiva by 57.1% in the fourth quarter. Macquarie Group Ltd. now owns 1,100 shares of the software maker’s stock valued at $39,000 after purchasing an additional 400 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Workiva in the first quarter valued at about $89,000. Quantamental Technologies LLC purchased a new stake in shares of Workiva in the first quarter valued at about $177,000. Finally, Sage Rhino Capital LLC purchased a new stake in shares of Workiva in the first quarter valued at about $254,000. Institutional investors and hedge funds own 51.48% of the company’s stock.
A number of equities research analysts have recently commented on WK shares. SunTrust Banks increased their target price on shares of Markel to $1,100.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. Zacks Investment Research upgraded shares of SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Friday, July 5th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Workiva presently has an average rating of “Buy” and an average price target of $45.67.
Workiva Inc provides cloud-based solutions for connected data, reporting, and compliance worldwide. The company offers Wdesk, a platform that provides data collection and linking, data integrations, controlled collaboration, granular permissions, process management, and full audit trail services; and Wdata, which includes data preparation tools, data connectors, and application programming interfaces that enable customers to create direct connections to their data.
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