Workiva Inc. (NYSE:WK) major shareholder Jerome M. Behar sold 115,195 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $20.00, for a total transaction of $2,303,900.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Workiva Inc. (NYSE:WK) traded down 1.98% during trading on Friday, hitting $19.80. 76,593 shares of the stock traded hands. Workiva Inc. has a 12 month low of $12.15 and a 12 month high of $20.95. The company’s market cap is $828.15 million. The company’s 50 day moving average price is $19.78 and its 200 day moving average price is $17.64.

Workiva (NYSE:WK) last posted its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.25) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.31) by $0.06. Workiva had a negative return on equity of 13,251.94% and a negative net margin of 18.94%. The firm had revenue of $49.40 million for the quarter, compared to the consensus estimate of $48.37 million. During the same period in the previous year, the business earned ($0.20) earnings per share. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, equities research analysts anticipate that Workiva Inc. will post ($0.63) EPS for the current fiscal year.

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Several hedge funds have recently bought and sold shares of WK. Renaissance Technologies LLC increased its stake in Workiva by 9.2% in the first quarter. Renaissance Technologies LLC now owns 66,600 shares of the software maker’s stock worth $1,042,000 after buying an additional 5,600 shares during the period. Geode Capital Management LLC increased its stake in Workiva by 2.4% in the first quarter. Geode Capital Management LLC now owns 154,844 shares of the software maker’s stock worth $2,423,000 after buying an additional 3,639 shares during the period. Vanguard Group Inc. increased its stake in Workiva by 13.6% in the first quarter. Vanguard Group Inc. now owns 1,189,018 shares of the software maker’s stock worth $18,609,000 after buying an additional 141,977 shares during the period. Menta Capital LLC acquired a new stake in Workiva during the first quarter worth $489,000. Finally, Teachers Advisors LLC increased its stake in Workiva by 2.4% in the first quarter. Teachers Advisors LLC now owns 72,894 shares of the software maker’s stock worth $1,141,000 after buying an additional 1,680 shares during the period. Hedge funds and other institutional investors own 43.27% of the company’s stock.

Several research firms have recently issued reports on WK. Stifel Nicolaus upped their price objective on shares of Workiva from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday, August 18th. BidaskClub downgraded shares of Workiva from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Northland Securities restated a “buy” rating and set a $18.00 price objective on shares of Workiva in a report on Friday, July 28th. Morgan Stanley restated an “equal weight” rating and set a $18.00 price objective (up previously from $16.00) on shares of Workiva in a report on Tuesday, July 25th. Finally, SunTrust Banks, Inc. began coverage on shares of Workiva in a report on Monday, June 26th. They set a “buy” rating and a $22.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Workiva has an average rating of “Hold” and an average target price of $19.13.

Workiva Company Profile

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.

Insider Buying and Selling by Quarter for Workiva (NYSE:WK)

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