BTIG Research Cuts Workiva (NYSE:WK) Price Target to $70.00

Workiva (NYSE:WK) had its target price decreased by BTIG Research from $80.00 to $70.00 in a research note issued to investors on Wednesday,Benzinga reports. BTIG Research currently has a buy rating on the software maker’s stock.

Several other analysts have also commented on the stock. Raymond James Financial restated an “outperform” rating and set a $85.00 price target on shares of Workiva in a research report on Wednesday, May 6th. Stephens reiterated an “overweight” rating and issued a $68.00 price objective on shares of Workiva in a research report on Tuesday, May 26th. Robert W. Baird set a $74.00 target price on shares of Workiva in a research note on Wednesday, May 6th. Stifel Nicolaus dropped their target price on Workiva from $79.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Finally, Weiss Ratings cut Workiva from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. Ten analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Workiva currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.75.

Workiva Trading Up 5.0%

Shares of NYSE:WK opened at $65.16 on Wednesday. Workiva has a 12-month low of $43.34 and a 12-month high of $97.10. The company has a market capitalization of $3.66 billion, a PE ratio of 79.47 and a beta of 0.46. The business has a 50 day moving average of $52.72 and a two-hundred day moving average of $57.67.

Workiva (NYSE:WK) last issued its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.13. The business had revenue of $255.29 million for the quarter, compared to analysts’ expectations of $251.16 million. Workiva had a net margin of 4.87% and a negative return on equity of 140.17%. The business’s revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the company earned $0.19 EPS. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. Equities research analysts predict that Workiva will post 0.92 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Robert H. Herz sold 1,000 shares of the business’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 completion of the sale, the director directly owned 34,802 shares in the company, valued at approximately $1,729,311.38. The trade was a 2.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.77% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its holdings in shares of Workiva by 202.3% during the second quarter. Versant Capital Management Inc now owns 532 shares of the software maker’s stock worth $26,000 after buying an additional 356 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Workiva in the fourth quarter worth about $26,000. Leonteq Securities AG acquired a new position in Workiva during the fourth quarter worth about $27,000. Allworth Financial LP boosted its position in Workiva by 82.3% during the third quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock worth $35,000 after acquiring an additional 186 shares during the last quarter. Finally, Quarry LP boosted its position in Workiva by 396.3% during the fourth quarter. Quarry LP now owns 407 shares of the software maker’s stock worth $35,000 after acquiring an additional 325 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

About Workiva

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.