Inspire Investing LLC Purchases New Holdings in Workiva Inc. $WK

Inspire Investing LLC purchased a new position in shares of Workiva Inc. (NYSE:WK) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,559 shares of the software maker’s stock, valued at approximately $636,000.

Other large investors also recently bought and sold shares of the company. Hawk Ridge Capital Management LP purchased a new stake in shares of Workiva during the 1st quarter valued at $65,091,000. Squarepoint Ops LLC raised its position in shares of Workiva by 110.7% in the 2nd quarter. Squarepoint Ops LLC now owns 1,247,400 shares of the software maker’s stock worth $60,511,000 after buying an additional 655,396 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Workiva by 88.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,109,646 shares of the software maker’s stock valued at $66,168,000 after acquiring an additional 520,839 shares during the last quarter. Ranger Investment Management L.P. acquired a new position in Workiva in the second quarter valued at $12,950,000. Finally, Bank of New York Mellon Corp acquired a new position in Workiva in the second quarter valued at $10,242,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Insider Buying and Selling

In other Workiva news, EVP Brandon Ziegler sold 6,571 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $75.97, for a total transaction of $499,198.87. Following the transaction, the executive vice president directly owned 126,216 shares in the company, valued at $9,588,629.52. This represents a 4.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.77% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on WK shares. BTIG Research set a $85.00 price target on Workiva in a research report on Wednesday, September 16th. Robert W. Baird raised their price objective on Workiva from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. Zacks Research lowered Workiva from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. UBS Group set a $70.00 target price on Workiva in a report on Wednesday, August 5th. Finally, Stifel Nicolaus set a $95.00 target price on shares of Workiva in a research report on Thursday, August 27th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Workiva currently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Workiva Price Performance

Workiva stock opened at $82.43 on Friday. Workiva Inc. has a 12-month low of $43.34 and a 12-month high of $97.10. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 100.53 and a beta of 0.53. The firm’s fifty day moving average price is $74.95 and its 200 day moving average price is $63.18.

Workiva (NYSE:WK) last released its earnings results on Tuesday, August 4th. The software maker reported $0.77 EPS for the quarter, beating the consensus estimate of $0.64 by $0.13. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%. The company had revenue of $255.29 million during the quarter, compared to analysts’ expectations of $251.16 million. During the same period in the prior year, the business posted $0.19 EPS. The business’s revenue was up 18.6% on a year-over-year basis. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. Analysts forecast that Workiva Inc. will post 1.31 earnings per share for the current fiscal year.

Workiva Profile

Workiva Inc (NYSE: WK) provides cloud-based software designed to help organizations manage reporting, compliance, risk and other complex business processes. Its platform connects financial, operational and environmental, social and governance (ESG) data so teams can collaborate on information used for internal and external reporting.

The company’s products support financial reporting, regulatory filings, audit and compliance workflows, investor communications, and sustainability reporting.