Workiva (NYSE:WK) Price Target Raised to $80.00

Workiva (NYSE:WK) had its target price raised by equities researchers at BTIG Research from $70.00 to $80.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the software maker’s stock. BTIG Research’s price objective would indicate a potential upside of 12.18% from the company’s previous close.

WK has been the topic of a number of other research reports. Citigroup reissued a “buy” rating on shares of Workiva in a research note on Thursday, August 6th. Zacks Research upgraded Workiva from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Robert W. Baird increased their target price on Workiva from $74.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, September 1st. UBS Group set a $70.00 target price on Workiva in a research report on Wednesday, August 5th. Finally, Stifel Nicolaus set a $95.00 price target on Workiva in a research note on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Workiva currently has an average rating of “Moderate Buy” and an average target price of $86.80.

Workiva Trading Down 2.0%

Shares of NYSE WK opened at $71.31 on Friday. Workiva has a 1-year low of $43.34 and a 1-year high of $97.10. The company has a market cap of $4.00 billion, a PE ratio of 86.97 and a beta of 0.49. The company has a 50-day moving average of $64.79 and a two-hundred day moving average of $57.94.

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

Insiders Place Their Bets

In other news, EVP Brandon Ziegler sold 6,571 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $75.97, for a total value of $499,198.87. Following the completion of the transaction, the executive vice president owned 126,216 shares in the company, valued at $9,588,629.52. This trade represents a 4.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.77% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Engineers Gate Manager LP raised its stake in shares of Workiva by 10.6% during the 2nd quarter. Engineers Gate Manager LP now owns 66,202 shares of the software maker’s stock worth $3,211,000 after purchasing an additional 6,357 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Workiva in the 2nd quarter valued at approximately $46,000. NewEdge Advisors LLC bought a new position in shares of Workiva in the second quarter valued at $123,000. Squarepoint Ops LLC grew its stake in shares of Workiva by 110.7% in the second quarter. Squarepoint Ops LLC now owns 1,247,400 shares of the software maker’s stock valued at $60,511,000 after buying an additional 655,396 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in Workiva by 91.0% during the second quarter. Allworth Financial LP now owns 1,251 shares of the software maker’s stock worth $61,000 after buying an additional 596 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

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.