Workiva (NYSE:WK) Lowered to Hold at ValuEngine
WK has been the subject of several other reports. SunTrust Banks upped their price objective on shares of Workiva to $65.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Zacks Investment Research downgraded shares of Workiva from a “buy” rating to a “hold” rating in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $46.83.
Shares of WK stock traded down $2.14 during trading on Wednesday, reaching $43.25. The company had a trading volume of 939,600 shares, compared to its average volume of 379,658. The firm’s 50 day simple moving average is $52.90 and its two-hundred day simple moving average is $53.24. Workiva has a one year low of $31.65 and a one year high of $64.11. The company has a debt-to-equity ratio of 3.80, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $2.10 billion, a PE ratio of -46.51 and a beta of 1.02.
In other Workiva news, CEO Martin J. Vanderploeg sold 25,000 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $62.14, for a total value of $1,553,500.00. Following the completion of the sale, the chief executive officer now directly owns 314,918 shares of the company’s stock, valued at approximately $19,569,004.52. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Jeff D. Trom sold 20,000 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $57.90, for a total transaction of $1,158,000.00. Following the completion of the sale, the vice president now directly owns 235,582 shares of the company’s stock, valued at $13,640,197.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,207,038 shares of company stock valued at $68,218,888. 18.46% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of WK. Mackenzie Financial Corp acquired a new stake in shares of Workiva during the 2nd quarter worth approximately $218,000. Royal Bank of Canada raised its stake in shares of Workiva by 3.6% in the second quarter. Royal Bank of Canada now owns 23,843 shares of the software maker’s stock valued at $1,386,000 after purchasing an additional 827 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Workiva by 541.7% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 462 shares of the software maker’s stock valued at $27,000 after purchasing an additional 390 shares in the last quarter. United Services Automobile Association raised its stake in shares of Workiva by 7.5% in the second quarter. United Services Automobile Association now owns 6,904 shares of the software maker’s stock valued at $401,000 after purchasing an additional 479 shares in the last quarter. Finally, Nuveen Asset Management LLC bought a new position in Workiva in the second quarter worth $32,808,000. Institutional investors own 56.21% of the company’s stock.
Workiva Inc provides cloud-based solutions for connected data, reporting, and compliance worldwide. The company offers Wdesk, a platform that provides data collection and linking, data integrations, controlled collaboration, granular permissions, process management, and full audit trail services; and Wdata, which includes data preparation tools, data connectors, and application programming interfaces that enable customers to create direct connections to their data.
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