GSA Capital Partners LLP Buys New Position in Workiva Inc. (NYSE:WK)

GSA Capital Partners LLP bought a new stake in Workiva Inc. (NYSE:WK - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,097 shares of the software maker's stock, valued at approximately $641,000.

Several other large investors have also recently bought and sold shares of WK. V Square Quantitative Management LLC bought a new position in shares of Workiva in the 3rd quarter valued at $28,000. Quarry LP raised its stake in Workiva by 57.8% during the 2nd quarter. Quarry LP now owns 453 shares of the software maker's stock worth $33,000 after buying an additional 166 shares during the period. EntryPoint Capital LLC bought a new stake in Workiva during the 1st quarter valued at $40,000. Point72 Hong Kong Ltd bought a new position in shares of Workiva in the second quarter valued at approximately $62,000. Finally, Headlands Technologies LLC grew its stake in shares of Workiva by 896.0% in the 2nd quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker's stock worth $128,000 after acquiring an additional 1,577 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Stifel Nicolaus boosted their target price on Workiva from $85.00 to $102.00 and gave the company a "hold" rating in a research note on Thursday, November 7th. BMO Capital Markets boosted their price objective on shares of Workiva from $96.00 to $104.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Northland Securities lowered their price objective on Workiva from $106.00 to $95.00 and set an "outperform" rating for the company in a research report on Friday, August 2nd. Robert W. Baird increased their target price on Workiva from $94.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Finally, StockNews.com downgraded shares of Workiva from a "buy" rating to a "hold" rating in a report on Saturday, August 3rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.20.

Workiva Stock Performance

Shares of WK stock traded down $0.63 on Tuesday, hitting $90.17. 397,053 shares of the stock traded hands, compared to its average volume of 376,985. The stock has a market capitalization of $4.99 billion, a PE ratio of -98.72 and a beta of 1.05. The firm's 50-day moving average price is $80.87 and its two-hundred day moving average price is $77.74. Workiva Inc. has a twelve month low of $65.47 and a twelve month high of $105.00.

Insider Buying and Selling

In other Workiva news, EVP Michael D. Hawkins sold 2,761 shares of the company's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $74.60, for a total value of $205,970.60. Following the completion of the transaction, the executive vice president now owns 49,887 shares in the company, valued at $3,721,570.20. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.86% of the stock is owned by insiders.

Workiva Company Profile

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.