SG Americas Securities LLC Takes $107,000 Position in Workiva Inc. (NYSE:WK)

SG Americas Securities LLC bought a new position in Workiva Inc. (NYSE:WK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,053 shares of the software maker’s stock, valued at approximately $107,000.

Other institutional investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC acquired a new stake in Workiva during the second quarter worth about $27,000. GHP Investment Advisors Inc. purchased a new position in Workiva in the fourth quarter valued at approximately $28,000. Belpointe Asset Management LLC lifted its position in Workiva by 133.8% during the first quarter. Belpointe Asset Management LLC now owns 346 shares of the software maker’s stock valued at $35,000 after buying an additional 198 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Workiva during the third quarter worth approximately $54,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of Workiva in the first quarter worth $82,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Workiva Stock Down 0.2 %

Shares of NYSE WK opened at $77.86 on Friday. Workiva Inc. has a fifty-two week low of $76.63 and a fifty-two week high of $116.00. The business has a 50 day moving average price of $84.41 and a two-hundred day moving average price of $91.97. The firm has a market cap of $4.26 billion, a PE ratio of -32.85 and a beta of 1.03.

Workiva (NYSE:WK) last released its quarterly earnings results on Tuesday, February 20th. The software maker reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.10. The company had revenue of $166.65 million for the quarter, compared to analyst estimates of $164.44 million. On average, analysts anticipate that Workiva Inc. will post -0.91 earnings per share for the current year.

Insider Transactions at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 11,439 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $93.62, for a total transaction of $1,070,919.18. Following the sale, the executive vice president now owns 62,453 shares in the company, valued at $5,846,849.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on WK shares. BMO Capital Markets reduced their target price on shares of Workiva from $123.00 to $113.00 and set an “outperform” rating on the stock in a report on Wednesday, February 21st. Citigroup lowered their target price on Workiva from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Finally, Stifel Nicolaus reduced their price target on Workiva from $92.00 to $85.00 and set a “hold” rating on the stock in a research report on Wednesday, February 21st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Workiva has a consensus rating of “Moderate Buy” and an average target price of $113.50.

About Workiva

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.