Workiva Inc. (NYSE:WK) major shareholder Jerome M. Behar sold 12,500 shares of the company’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $22.05, for a total transaction of $275,625.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of Workiva Inc. (NYSE WK) opened at 22.10 on Monday. The firm’s market capitalization is $924.35 million. The stock has a 50 day moving average of $20.23 and a 200-day moving average of $18.64. Workiva Inc. has a 12-month low of $12.15 and a 12-month high of $22.15.

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

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Institutional investors have recently made changes to their positions in the company. American International Group Inc. increased its position in shares of Workiva by 7.0% during the 1st quarter. American International Group Inc. now owns 13,520 shares of the software maker’s stock valued at $212,000 after purchasing an additional 888 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Workiva by 5.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 72,076 shares of the software maker’s stock valued at $1,128,000 after purchasing an additional 3,762 shares during the last quarter. First PREMIER Bank increased its position in shares of Workiva by 15.6% during the 2nd quarter. First PREMIER Bank now owns 13,724 shares of the software maker’s stock valued at $261,000 after purchasing an additional 1,855 shares during the last quarter. Strs Ohio increased its position in shares of Workiva by 1,346.7% during the 2nd quarter. Strs Ohio now owns 21,700 shares of the software maker’s stock valued at $413,000 after purchasing an additional 20,200 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Workiva by 13.6% during the 1st quarter. Vanguard Group Inc. now owns 1,189,018 shares of the software maker’s stock valued at $18,609,000 after purchasing an additional 141,977 shares during the last quarter. 32.18% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of Workiva from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Thursday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $18.00 target price (up previously from $16.00) on shares of Workiva in a research note on Tuesday, July 25th. BidaskClub lowered shares of Workiva from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $21.00 target price on shares of Workiva in a research note on Friday, August 4th. Finally, Robert W. Baird raised their target price on shares of Workiva from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, September 21st. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $21.57.

About Workiva

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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