Workiva Inc. (WK) Major Shareholder Jerome M. Behar Sells 115,195 Shares
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.
ILLEGAL ACTIVITY NOTICE: “Workiva Inc. (WK) Major Shareholder Jerome M. Behar Sells 115,195 Shares” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/09/02/workiva-inc-wk-major-shareholder-jerome-m-behar-sells-115195-shares.html.
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.
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.