Workiva Inc. $WK Shares Bought by Private Wealth Asset Management LLC

Private Wealth Asset Management LLC lifted its holdings in shares of Workiva Inc. (NYSE:WK) by 1,731.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 75,100 shares of the software maker’s stock after acquiring an additional 71,000 shares during the period. Workiva accounts for approximately 0.8% of Private Wealth Asset Management LLC’s investment portfolio, making the stock its 27th biggest holding. Private Wealth Asset Management LLC owned approximately 0.13% of Workiva worth $6,465,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WK. Millennium Management LLC boosted its stake in Workiva by 44.5% in the first quarter. Millennium Management LLC now owns 237,746 shares of the software maker’s stock valued at $18,047,000 after acquiring an additional 73,266 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Workiva in the 1st quarter valued at about $421,000. Mirae Asset Global Investments Co. Ltd. increased its position in Workiva by 9.2% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,972 shares of the software maker’s stock worth $477,000 after buying an additional 585 shares during the period. Hilltop National Bank purchased a new stake in Workiva in the second quarter valued at approximately $66,000. Finally, KLP Kapitalforvaltning AS boosted its holdings in shares of Workiva by 8.4% in the second quarter. KLP Kapitalforvaltning AS now owns 10,300 shares of the software maker’s stock valued at $705,000 after acquiring an additional 800 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Workiva Price Performance

WK opened at $81.20 on Thursday. The business has a 50 day simple moving average of $87.63 and a 200-day simple moving average of $83.14. Workiva Inc. has a 12 month low of $60.50 and a 12 month high of $104.25. The stock has a market capitalization of $4.56 billion, a P/E ratio of -96.67 and a beta of 0.60.

Workiva (NYSE:WK) last released its earnings results on Wednesday, November 5th. The software maker reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.17. The business had revenue of $224.17 million during the quarter, compared to analyst estimates of $218.96 million. Workiva’s revenue was up 20.8% compared to the same quarter last year. During the same period last year, the business posted $0.21 EPS. Workiva has set its FY 2025 guidance at 1.650-1.68 EPS and its Q4 2025 guidance at 0.670-0.700 EPS. Research analysts anticipate that Workiva Inc. will post -0.92 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $110.00 price target on shares of Workiva in a research report on Thursday, November 6th. Stephens increased their target price on shares of Workiva from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Truist Financial boosted their price target on Workiva from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Raymond James Financial reaffirmed an “outperform” rating and set a $105.00 price objective on shares of Workiva in a research report on Wednesday, December 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Workiva in a research note on Wednesday, January 21st. Ten analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Workiva has a consensus rating of “Moderate Buy” and a consensus price target of $103.92.

Workiva 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.