Workiva Inc. $WK Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB lessened its stake in shares of Workiva Inc. (NYSE:WK) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,290,923 shares of the software maker’s stock after selling 77,478 shares during the period. Nordea Investment Management AB’s holdings in Workiva were worth $110,839,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of WK. GAMMA Investing LLC grew its holdings in shares of Workiva by 287.8% in the third quarter. GAMMA Investing LLC now owns 287 shares of the software maker’s stock valued at $25,000 after purchasing an additional 213 shares during the period. EverSource Wealth Advisors LLC raised its stake in Workiva by 217.9% during the third quarter. EverSource Wealth Advisors LLC now owns 391 shares of the software maker’s stock worth $34,000 after purchasing an additional 268 shares during the period. Allworth Financial LP raised its stake in Workiva by 82.3% during the third quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock worth $35,000 after purchasing an additional 186 shares during the period. Essex Investment Management Co. LLC acquired a new position in Workiva in the 3rd quarter valued at about $63,000. Finally, TD Waterhouse Canada Inc. purchased a new stake in shares of Workiva in the 2nd quarter valued at approximately $51,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Workiva Stock Performance

Workiva stock opened at $60.79 on Monday. The company’s 50 day simple moving average is $69.23 and its 200-day simple moving average is $80.69. Workiva Inc. has a 1 year low of $56.06 and a 1 year high of $97.10. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of -126.64 and a beta of 0.65.

Workiva (NYSE:WK) last posted its quarterly earnings data on Thursday, February 19th. The software maker reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.10. The company had revenue of $238.94 million for the quarter, compared to analysts’ expectations of $235.13 million. During the same period in the previous year, the business posted $0.35 EPS. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. Workiva has set its FY 2026 guidance at 2.660-2.760 EPS and its Q1 2026 guidance at 0.640-0.670 EPS. Equities analysts expect that Workiva Inc. will post -0.92 earnings per share for the current year.

Workiva announced that its Board of Directors has authorized a share buyback plan on Monday, February 16th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the software maker to purchase up to 7.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

WK has been the subject of a number of recent analyst reports. Truist Financial restated a “buy” rating and set a $90.00 price target (down from $110.00) on shares of Workiva in a report on Friday, February 20th. The Goldman Sachs Group reiterated a “buy” rating and issued a $102.00 price objective on shares of Workiva in a report on Friday, February 20th. Robert W. Baird cut their target price on Workiva from $115.00 to $86.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Citigroup restated a “buy” rating on shares of Workiva in a research report on Monday, February 23rd. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $105.00 price target on shares of Workiva in a research note on Wednesday, December 10th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $95.38.

About Workiva

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.