Wall Street Zen Upgrades Workiva (NYSE:WK) to Strong-Buy

Workiva (NYSE:WK) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

Several other research firms have also recently weighed in on WK. Robert W. Baird set a $74.00 price objective on Workiva in a research report on Wednesday, May 6th. Weiss Ratings downgraded Workiva from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. BTIG Research dropped their price target on Workiva from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Raymond James Financial reiterated an “outperform” rating and set a $85.00 price target on shares of Workiva in a report on Wednesday, May 6th. Finally, Stifel Nicolaus lowered their price objective on shares of Workiva from $79.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Ten analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned 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 $88.50.

Workiva Price Performance

Shares of WK opened at $52.46 on Friday. The company has a market capitalization of $2.94 billion, a PE ratio of 228.10 and a beta of 0.50. Workiva has a one year low of $43.34 and a one year high of $97.10. The company’s fifty day moving average price is $50.45 and its 200 day moving average price is $59.56.

Workiva (NYSE:WK) last released its earnings results on Tuesday, May 5th. The software maker reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.11. The firm had revenue of $247.31 million during the quarter, compared to analyst estimates of $245.17 million. Workiva had a net margin of 1.53% and a negative return on equity of 68.43%. The business’s revenue was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. Analysts anticipate that Workiva will post 0.92 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Robert H. Herz sold 1,000 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $49.69, for a total transaction of $49,690.00. Following the transaction, the director directly owned 34,802 shares in the company, valued at $1,729,311.38. The trade was a 2.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.77% of the stock is currently owned by company insiders.

Institutional Trading of Workiva

Several institutional investors have recently modified their holdings of WK. Handelsbanken Fonder AB raised its stake in shares of Workiva by 1.3% in the second quarter. Handelsbanken Fonder AB now owns 16,095 shares of the software maker’s stock valued at $781,000 after purchasing an additional 200 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Workiva during the second quarter worth $4,661,000. Harbor Investment Advisory LLC acquired a new stake in Workiva during the second quarter worth $40,000. Versant Capital Management Inc increased its holdings in Workiva by 202.3% in the 2nd quarter. Versant Capital Management Inc now owns 532 shares of the software maker’s stock valued at $26,000 after buying an additional 356 shares during the period. Finally, Empowered Funds LLC increased its holdings in Workiva by 34.3% in the 1st quarter. Empowered Funds LLC now owns 9,100 shares of the software maker’s stock valued at $543,000 after buying an additional 2,325 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Workiva Company 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.