Workiva Inc. (NYSE:WK) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Workiva Inc. (NYSE:WK) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $113.50.

WK has been the subject of a number of recent research reports. BMO Capital Markets lowered their price target on shares of Workiva from $123.00 to $113.00 and set an “outperform” rating for the company in a research report on Wednesday, February 21st. Stifel Nicolaus lowered their price target on shares of Workiva from $92.00 to $85.00 and set a “hold” rating for the company in a research report on Wednesday, February 21st. Finally, Citigroup lowered their price target on shares of Workiva from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st.

Insider Buying and Selling at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 11,439 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $93.62, for a total transaction of $1,070,919.18. Following the completion of the sale, the executive vice president now directly owns 62,453 shares in the company, valued at approximately $5,846,849.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.71% of the stock is owned by company insiders.

Institutional Trading of Workiva

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James & Associates grew its stake in shares of Workiva by 4.8% in the first quarter. Raymond James & Associates now owns 36,473 shares of the software maker’s stock worth $4,304,000 after acquiring an additional 1,667 shares during the period. MetLife Investment Management LLC grew its stake in shares of Workiva by 54.8% in the first quarter. MetLife Investment Management LLC now owns 22,917 shares of the software maker’s stock worth $2,704,000 after acquiring an additional 8,109 shares during the period. Rhumbline Advisers grew its stake in shares of Workiva by 3.2% in the first quarter. Rhumbline Advisers now owns 44,602 shares of the software maker’s stock worth $5,263,000 after acquiring an additional 1,366 shares during the period. Sei Investments Co. grew its stake in shares of Workiva by 34.7% in the first quarter. Sei Investments Co. now owns 125,714 shares of the software maker’s stock worth $14,834,000 after acquiring an additional 32,360 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Workiva by 3.6% in the first quarter. Vanguard Group Inc. now owns 4,316,544 shares of the software maker’s stock worth $509,353,000 after acquiring an additional 149,693 shares during the period. 92.21% of the stock is currently owned by institutional investors.

Workiva Trading Down 0.1 %

NYSE:WK opened at $76.97 on Thursday. The company has a 50-day moving average price of $85.08 and a 200-day moving average price of $92.23. Workiva has a 12 month low of $76.63 and a 12 month high of $116.00. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of -32.48 and a beta of 1.03.

Workiva (NYSE:WK) last issued its quarterly earnings results on Tuesday, February 20th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.10. The business had revenue of $166.65 million for the quarter, compared to analysts’ expectations of $164.44 million. Equities analysts forecast that Workiva will post -0.91 EPS for the current fiscal year.

Workiva Company Profile

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.