Nationwide Fund Advisors Has $198,000 Position in Workiva Inc. (WK)
Nationwide Fund Advisors decreased its stake in Workiva Inc. (NYSE:WK) by 11.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,633 shares of the software maker’s stock after selling 1,555 shares during the period. Nationwide Fund Advisors’ holdings in Workiva were worth $198,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Highwater Wealth Management LLC acquired a new stake in Workiva during the first quarter valued at approximately $11,738,000. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Workiva by 1,085.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 123,679 shares of the software maker’s stock worth $1,936,000 after buying an additional 113,250 shares during the period. Teachers Advisors LLC boosted its stake in shares of Workiva by 88.1% in the fourth quarter. Teachers Advisors LLC now owns 71,214 shares of the software maker’s stock worth $972,000 after buying an additional 33,349 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of Workiva by 27.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 40,703 shares of the software maker’s stock worth $556,000 after buying an additional 8,810 shares during the period. Finally, Two Sigma Investments LP boosted its stake in shares of Workiva by 112.7% in the fourth quarter. Two Sigma Investments LP now owns 116,489 shares of the software maker’s stock worth $1,590,000 after buying an additional 61,720 shares during the period. 40.77% of the stock is owned by institutional investors and hedge funds.
Workiva Inc. (NYSE:WK) traded up 4.71% during trading on Friday, hitting $20.00. The stock had a trading volume of 175,786 shares. The company has a 50-day moving average of $19.51 and a 200 day moving average of $16.63. The firm’s market cap is $827.54 million. Workiva Inc. has a 52-week low of $12.15 and a 52-week high of $20.95.
Workiva (NYSE:WK) last posted its earnings results on Thursday, August 3rd. The software maker reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.06. Workiva had a negative net margin of 20.31% and a negative return on equity of 13,251.94%. The business had revenue of $49.40 million for the quarter, compared to analyst estimates of $48.37 million. During the same period in the prior year, the company posted ($0.20) EPS. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, equities research analysts predict that Workiva Inc. will post ($0.66) earnings per share for the current fiscal year.
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A number of equities research analysts have commented on WK shares. Credit Suisse Group raised their price objective on Workiva from $16.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, May 5th. SunTrust Banks, Inc. started coverage on Workiva in a report on Monday, June 26th. They set a “buy” rating and a $22.00 price target on the stock. Morgan Stanley reiterated an “equal weight” rating and set a $18.00 price target (up from $16.00) on shares of Workiva in a report on Tuesday, July 25th. BidaskClub lowered Workiva from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Northland Securities restated a “buy” rating and issued a $18.00 target price on shares of Workiva in a research note on Friday, July 28th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $19.00.
In related news, major shareholder Jerome M. Behar sold 53,500 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $18.13, for a total transaction of $969,955.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Jerome M. Behar sold 48,710 shares of the company’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $20.25, for a total transaction of $986,377.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 415,445 shares of company stock worth $8,008,143. Corporate insiders own 33.40% of the company’s stock.
Workiva Inc provides enterprises with cloud solutions for improving productivity, accountability and insight into business data. The Company created Wdesk, a collaborative work management platform for organizations to collect, link, report and analyze their business data. Wdesk’s 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.
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