Joseph H. Howell Sells 24,000 Shares of Workiva Inc. (WK) Stock
Workiva Inc. (NYSE:WK) VP Joseph H. Howell sold 24,000 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $17.61, for a total value of $422,640.00. Following the sale, the vice president now owns 15,581 shares in the company, valued at $274,381.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Workiva Inc. (NYSE:WK) opened at 17.50 on Friday. Workiva Inc. has a 52-week low of $10.91 and a 52-week high of $19.04. The stock’s 50 day moving average is $17.98 and its 200 day moving average is $14.37. The stock’s market cap is $718.52 million.
Workiva (NYSE:WK) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.14. Workiva had a negative net margin of 29.62% and a negative return on equity of 233.03%. The business had revenue of $43 million for the quarter, compared to analyst estimates of $42.07 million. During the same period in the previous year, the business posted ($0.21) earnings per share. The business’s revenue was up 26.5% compared to the same quarter last year. On average, equities analysts expect that Workiva Inc. will post ($0.98) earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Trutina Financial LLC purchased a new position in shares of Workiva during the second quarter worth about $1,887,000. Renaissance Technologies LLC raised its position in shares of Workiva by 33.3% in the first quarter. Renaissance Technologies LLC now owns 15,600 shares of the company’s stock worth $182,000 after buying an additional 3,900 shares during the period. Institutional & Family Asset Management LLC purchased a new position in shares of Workiva during the second quarter worth about $986,000. California State Teachers Retirement System raised its position in shares of Workiva by 194.5% in the second quarter. California State Teachers Retirement System now owns 46,068 shares of the company’s stock worth $629,000 after buying an additional 30,425 shares during the period. Finally, Strs Ohio raised its position in shares of Workiva by 8.3% in the second quarter. Strs Ohio now owns 35,100 shares of the company’s stock worth $479,000 after buying an additional 2,700 shares during the period. Institutional investors and hedge funds own 32.56% of the company’s stock.
WK has been the topic of a number of research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Workiva in a research note on Wednesday, June 29th. Zacks Investment Research lowered shares of Workiva from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Robert W. Baird reissued an “outperform” rating and issued a $18.00 target price on shares of Workiva in a research note on Thursday, August 18th. Stifel Nicolaus raised their target price on shares of Workiva from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, September 8th. Finally, Raymond James Financial Inc. raised their target price on shares of Workiva from $16.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, September 8th. Six analysts have rated the stock with a buy rating, Workiva has a consensus rating of “Buy” and a consensus price target of $19.40.
Workiva Inc develops Wdesk, a cloud-based productivity platform for enterprises to collect, link, report and analyze business data with control and accountability. The Wdesk word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail.
Receive News & Stock Ratings for Workiva Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workiva Inc. and related stocks with our FREE daily email newsletter.