Workiva Inc. (WK) Major Shareholder Sells $275,625.00 in Stock
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.
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.
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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