Cwm LLC Boosts Stake in Workiva Inc. $WK

Cwm LLC raised its position in Workiva Inc. (NYSE:WK) by 66.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,348 shares of the software maker’s stock after purchasing an additional 6,105 shares during the quarter. Cwm LLC’s holdings in Workiva were worth $1,321,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its position in 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 purchasing an additional 213 shares in the last quarter. Bayforest Capital Ltd purchased 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 2nd quarter valued at approximately $51,000. Hilltop National Bank bought a new stake in shares of Workiva in the second quarter worth $66,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Workiva by 14.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,453 shares of the software maker’s stock worth $168,000 after purchasing an additional 304 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Workiva Price Performance

Shares of WK opened at $83.05 on Monday. Workiva Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $115.49. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of -98.87 and a beta of 0.60. The business’s 50-day moving average is $88.70 and its 200-day moving average is $81.05.

Workiva (NYSE:WK) last issued its earnings results on Wednesday, November 5th. The software maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.17. The company had revenue of $224.17 million for the quarter, compared to analyst estimates of $218.96 million. The company’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period last year, the business earned $0.21 EPS. Workiva has set its FY 2025 guidance at 1.650-1.68 EPS and its Q4 2025 guidance at 0.670-0.700 EPS. Equities research analysts expect that Workiva Inc. will post -0.92 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WK. Raymond James Financial reissued an “outperform” rating and set a $105.00 price target on shares of Workiva in a research report on Wednesday, December 10th. Truist Financial boosted their price objective on Workiva from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Citigroup increased their target price on shares of Workiva from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, September 11th. UBS Group set a $110.00 target price on Workiva in a report on Sunday, November 9th. Finally, Stifel Nicolaus set a $98.00 price target on shares of Workiva in a report on Thursday, November 6th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $103.92.

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.