Workiva (NYSE:WK) Rating Lowered to Buy at Wall Street Zen

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

Other analysts have also issued research reports about the stock. Zacks Research raised shares of Workiva from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Robert W. Baird set a $74.00 price target on shares of Workiva in a research report on Wednesday, May 6th. Stephens reaffirmed an “overweight” rating and issued a $68.00 price target on shares of Workiva in a report on Tuesday, May 26th. Stifel Nicolaus lowered their price objective on Workiva from $79.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $85.00 price objective on shares of Workiva in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Workiva currently has a consensus rating of “Moderate Buy” and an average price target of $88.50.

Workiva Stock Up 0.1%

Shares of NYSE WK opened at $51.99 on Friday. Workiva has a 52 week low of $43.34 and a 52 week high of $97.10. The business has a 50-day simple moving average of $49.58 and a two-hundred day simple moving average of $63.06. The company has a market cap of $2.92 billion, a P/E ratio of 226.04 and a beta of 0.50.

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

Insiders Place Their Bets

In related news, Director Robert H. Herz sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $49.69, for a total value of $49,690.00. Following the sale, the director directly owned 34,802 shares of the company’s stock, valued at $1,729,311.38. This trade represents a 2.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Workiva

Institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc raised its position in shares of Workiva by 202.3% during 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 in the last quarter. Empowered Funds LLC grew its position in Workiva by 34.3% in the first quarter. Empowered Funds LLC now owns 9,100 shares of the software maker’s stock worth $543,000 after acquiring an additional 2,325 shares in the last quarter. Optiver Holding B.V. grew its position in Workiva by 454.5% in the first quarter. Optiver Holding B.V. now owns 621 shares of the software maker’s stock worth $37,000 after acquiring an additional 509 shares in the last quarter. Lavelle Capital LP bought a new position in Workiva in the first quarter valued at $883,000. Finally, California State Teachers Retirement System increased its stake in Workiva by 30.3% in the first quarter. California State Teachers Retirement System now owns 61,566 shares of the software maker’s stock valued at $3,671,000 after acquiring an additional 14,332 shares during the last quarter. Institutional investors 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.