Cibc World Markets Corp bought a new stake in shares of Workiva Inc. (NYSE:WK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,726 shares of the software maker's stock, valued at approximately $517,000.
Other institutional investors have also bought and sold shares of the company. Twin Tree Management LP bought a new stake in shares of Workiva in the 4th quarter worth $25,000. EverSource Wealth Advisors LLC raised its position in Workiva by 14,650.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 885 shares of the software maker's stock worth $97,000 after acquiring an additional 879 shares during the period. Nisa Investment Advisors LLC lifted its stake in Workiva by 8.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker's stock valued at $159,000 after purchasing an additional 116 shares during the last quarter. Truist Financial Corp bought a new position in shares of Workiva during the 4th quarter worth $211,000. Finally, Heartwood Wealth Advisors LLC bought a new position in Workiva during the fourth quarter worth about $219,000. Institutional investors own 92.21% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on WK shares. Stifel Nicolaus lowered their target price on shares of Workiva from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. The Goldman Sachs Group lifted their price target on Workiva from $120.00 to $133.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. BMO Capital Markets dropped their price objective on Workiva from $120.00 to $108.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Raymond James raised Workiva from a "market perform" rating to an "outperform" rating and set a $135.00 target price for the company in a report on Friday, January 3rd. Finally, Stephens assumed coverage on Workiva in a research report on Wednesday, March 19th. They set an "overweight" rating and a $111.00 price target on the stock. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $120.25.
Get Our Latest Stock Report on WK
Insider Transactions at Workiva
In other news, CAO Brandon Ziegler sold 4,115 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $85.72, for a total value of $352,737.80. Following the completion of the sale, the chief accounting officer now owns 103,509 shares of the company's stock, valued at approximately $8,872,791.48. This represents a 3.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert H. Herz sold 1,000 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $88.70, for a total value of $88,700.00. Following the transaction, the director now directly owns 34,084 shares in the company, valued at $3,023,250.80. This trade represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,129 shares of company stock valued at $1,807,333 in the last quarter. Insiders own 3.86% of the company's stock.
Workiva Stock Down 3.8 %
Shares of WK stock traded down $3.31 during trading on Wednesday, hitting $83.46. The company had a trading volume of 762,600 shares, compared to its average volume of 431,613. The stock's 50-day moving average is $93.50 and its two-hundred day moving average is $92.25. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of -90.72 and a beta of 1.09. Workiva Inc. has a 52 week low of $65.47 and a 52 week high of $116.83.
About Workiva
(
Free Report)
Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.
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