Workiva (NYSE:WK) Stock Moved Down to “Hold” by Wall Street Zen

Wall Street Zen downgraded shares of Workiva (NYSE:WK) from a strong-buy rating to a hold rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Other equities analysts have also issued reports about the stock. BTIG Research set a $85.00 price objective on shares of Workiva in a research report on Wednesday, September 16th. Zacks Research cut Workiva from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Weiss Ratings downgraded Workiva from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. Robert W. Baird increased their price objective on Workiva from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. Finally, Stifel Nicolaus set a $95.00 price objective on Workiva in a research note on Thursday, August 27th. Nine equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Workiva Price Performance

Workiva stock opened at $72.83 on Friday. Workiva has a 1-year low of $43.34 and a 1-year high of $95.00. The business has a fifty day moving average price of $75.83 and a 200-day moving average price of $63.07. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 65.03 and a beta of 0.46.

Workiva (NYSE:WK) last released its quarterly earnings results on Thursday, November 5th. The software maker reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.08). The business had revenue of $262.96 million during the quarter, compared to analysts’ expectations of $261.37 million. Workiva had a net margin of 6.31% and a negative return on equity of 159.20%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 earnings per share. On average, equities research analysts anticipate that Workiva will post 1.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Workiva news, EVP Brandon Ziegler sold 6,571 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $75.97, for a total transaction of $499,198.87. Following the sale, the executive vice president directly owned 126,216 shares of the company’s stock, valued at approximately $9,588,629.52. This trade represents a 4.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.77% of the company’s stock.

Institutional Trading of Workiva

A number of hedge funds have recently modified their holdings of the stock. Everest Financial Group LLC acquired a new position in shares of Workiva in the third quarter worth about $238,000. Knights of Columbus Asset Advisors LLC grew its position in shares of Workiva by 0.5% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 35,917 shares of the software maker’s stock valued at $2,391,000 after acquiring an additional 171 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Workiva by 1,833.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 84,406 shares of the software maker’s stock valued at $5,877,000 after acquiring an additional 80,040 shares during the period. Brighton Jones LLC acquired a new stake in shares of Workiva during the 3rd quarter valued at about $286,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Workiva in the 3rd quarter valued at about $327,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Key Stories Impacting Workiva

Here are the key news stories impacting Workiva this week:

• Positive Sentiment: Third-quarter revenue rose 17.3% year over year to $262.96 million, topping analysts’ $261.37 million estimate. Quarterly results
• Neutral Sentiment: Coverage highlighted Workiva’s AI expansion, while noting moderating business tailwinds; the available reports do not quantify the potential financial contribution from AI. Q3 deep dive
• Negative Sentiment: Q3 EPS was $0.72, below the roughly $0.79–$0.80 consensus, despite increasing from $0.55 a year earlier. The earnings shortfall is a likely drag on sentiment. Q3 earnings miss
• Negative Sentiment: Workiva’s Q4 EPS outlook of $0.78–$0.80 is below the $0.92 consensus, and its $275 million–$278 million revenue range is just shy of the $278.1 million estimate. Full-year EPS guidance of $2.80–$2.83 also trails the $2.95 consensus, putting the outlook at the center of investor concern. Why shares are falling

About Workiva

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.