Brookstone Capital Management Purchases Shares of 8,329 Workiva Inc. $WK

Brookstone Capital Management acquired a new position in shares of Workiva Inc. (NYSE:WK) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,329 shares of the software maker’s stock, valued at approximately $717,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in shares of Workiva by 287.8% during the 3rd quarter. GAMMA Investing LLC now owns 287 shares of the software maker’s stock worth $25,000 after buying an additional 213 shares during the last quarter. Bayforest Capital Ltd bought a new position in Workiva in the 1st quarter valued at about $39,000. TD Waterhouse Canada Inc. acquired a new stake in Workiva during the second quarter worth approximately $51,000. Hilltop National Bank bought a new stake in shares of Workiva during the second quarter worth approximately $66,000. Finally, AlphaQuest LLC bought a new stake in shares of Workiva during the first quarter worth approximately $163,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on WK shares. Citigroup lifted their price target on Workiva from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, September 11th. Wolfe Research increased their price objective on Workiva from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. BMO Capital Markets boosted their target price on shares of Workiva from $100.00 to $103.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Raymond James Financial restated an “outperform” rating and issued a $105.00 price target on shares of Workiva in a research note on Wednesday, December 10th. Finally, Stephens raised their price target on shares of Workiva from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Workiva has a consensus rating of “Moderate Buy” and an average target price of $103.92.

Workiva Stock Down 1.0%

Shares of Workiva stock opened at $86.57 on Tuesday. Workiva Inc. has a 12-month low of $60.50 and a 12-month high of $115.49. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of -103.05 and a beta of 0.64. The firm’s 50-day moving average price is $89.03 and its two-hundred day moving average price is $80.52.

Workiva (NYSE:WK) last issued its earnings results on Wednesday, November 5th. The software maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.38 by $0.17. The firm had revenue of $224.17 million during the quarter, compared to analyst estimates of $218.96 million. During the same quarter in the previous year, the firm posted $0.21 earnings per share. Workiva’s quarterly revenue was up 20.8% compared to the same quarter last year. Workiva has set its FY 2025 guidance at 1.650-1.68 EPS and its Q4 2025 guidance at 0.670-0.700 EPS. On average, sell-side analysts expect that Workiva Inc. will post -0.92 earnings per share for the current year.

Workiva Profile

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.