Aberdeen Group plc Purchases 11,651 Shares of Workiva Inc. $WK

Aberdeen Group plc increased its holdings in Workiva Inc. (NYSE:WK) by 5.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 231,772 shares of the software maker’s stock after purchasing an additional 11,651 shares during the period. Aberdeen Group plc’s holdings in Workiva were worth $19,749,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of WK. GAMMA Investing LLC raised its position in shares of Workiva by 287.8% during the 3rd quarter. GAMMA Investing LLC now owns 287 shares of the software maker’s stock valued at $25,000 after buying an additional 213 shares in the last quarter. TD Waterhouse Canada Inc. bought a new stake in Workiva during the second quarter worth approximately $51,000. Essex Investment Management Co. LLC purchased a new stake in Workiva during the third quarter valued at approximately $63,000. Smartleaf Asset Management LLC lifted its stake in shares of Workiva by 52.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,276 shares of the software maker’s stock valued at $109,000 after purchasing an additional 440 shares during the last quarter. Finally, State of Wyoming lifted its stake in shares of Workiva by 15.4% in the 3rd quarter. State of Wyoming now owns 1,553 shares of the software maker’s stock valued at $134,000 after purchasing an additional 207 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Truist Financial lifted their price objective on shares of Workiva from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Workiva in a research note on Wednesday, January 21st. The Goldman Sachs Group reissued a “buy” rating and issued a $110.00 price objective on shares of Workiva in a research report on Thursday, November 6th. Stephens raised their price objective on shares of Workiva from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Finally, Raymond James Financial restated an “outperform” rating and set a $105.00 target price on shares of Workiva in a research report on Wednesday, December 10th. Ten analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.92.

Workiva Price Performance

WK stock opened at $58.04 on Thursday. Workiva Inc. has a 12 month low of $57.16 and a 12 month high of $97.10. The firm’s 50-day moving average is $80.59 and its 200 day moving average is $83.12. The company has a market capitalization of $3.26 billion, a PE ratio of -69.10 and a beta of 0.62.

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.