Lavelle Capital LP Purchases Shares of 14,805 Workiva Inc. $WK

Lavelle Capital LP purchased a new stake in shares of Workiva Inc. (NYSE:WK) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 14,805 shares of the software maker’s stock, valued at approximately $883,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. LPL Financial LLC raised its stake in Workiva by 0.9% in the fourth quarter. LPL Financial LLC now owns 20,475 shares of the software maker’s stock valued at $1,766,000 after purchasing an additional 185 shares in the last quarter. Allworth Financial LP grew its stake in Workiva by 82.3% in the 3rd quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock worth $35,000 after buying an additional 186 shares in the last quarter. King Luther Capital Management Corp increased its holdings in shares of Workiva by 0.3% in the 4th quarter. King Luther Capital Management Corp now owns 80,083 shares of the software maker’s stock worth $6,907,000 after buying an additional 248 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Workiva by 66.0% in the 4th quarter. Farther Finance Advisors LLC now owns 669 shares of the software maker’s stock worth $58,000 after buying an additional 266 shares during the last quarter. Finally, First Horizon Corp raised its position in shares of Workiva by 112.1% during the 4th quarter. First Horizon Corp now owns 509 shares of the software maker’s stock valued at $44,000 after buying an additional 269 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Workiva Stock Up 2.3%

Shares of NYSE:WK opened at $59.87 on Friday. The stock has a market cap of $3.36 billion, a PE ratio of 260.29 and a beta of 0.50. The company’s fifty day moving average is $51.37 and its 200 day moving average is $58.53. Workiva Inc. has a 52 week low of $43.34 and a 52 week high of $97.10.

Workiva (NYSE:WK) last posted its quarterly earnings results on Tuesday, May 5th. The software maker reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.11. The business had revenue of $247.31 million during the quarter, compared to analyst estimates of $245.17 million. Workiva had a net margin of 1.53% and a negative return on equity of 68.43%. The company’s revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. Sell-side analysts anticipate that Workiva Inc. will post 0.92 EPS for the current year.

Insider Transactions at Workiva

In related news, Director Robert H. Herz sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $49.69, for a total transaction of $49,690.00. Following the transaction, the director directly owned 34,802 shares in the company, valued at $1,729,311.38. This trade represents a 2.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.77% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Stephens reaffirmed an “overweight” rating and set a $68.00 price objective on shares of Workiva in a report on Tuesday, May 26th. Weiss Ratings downgraded Workiva from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. Robert W. Baird set a $74.00 price target on Workiva in a research note on Wednesday, May 6th. BTIG Research reduced their price objective on Workiva from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Finally, Zacks Research cut Workiva from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Ten analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Workiva currently has an average rating of “Moderate Buy” and an average price target of $88.50.

Workiva Company Profile

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.