Advantage Alpha Capital Partners LP reduced its position in Workiva Inc. (NYSE:WK - Free Report) by 47.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,570 shares of the software maker's stock after selling 41,902 shares during the quarter. Advantage Alpha Capital Partners LP owned approximately 0.08% of Workiva worth $4,990,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of WK. SG Americas Securities LLC grew its stake in Workiva by 141.6% during the fourth quarter. SG Americas Securities LLC now owns 9,341 shares of the software maker's stock worth $1,023,000 after buying an additional 5,475 shares during the last quarter. Nordea Investment Management AB acquired a new position in shares of Workiva in the 4th quarter worth approximately $59,894,000. Truist Financial Corp bought a new stake in Workiva during the 4th quarter worth approximately $211,000. Janus Henderson Group PLC increased its holdings in Workiva by 839.8% during the 3rd quarter. Janus Henderson Group PLC now owns 213,831 shares of the software maker's stock valued at $16,919,000 after purchasing an additional 191,078 shares in the last quarter. Finally, Groupama Asset Managment bought a new position in Workiva in the 3rd quarter valued at $381,000. Institutional investors and hedge funds own 92.21% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. Robert W. Baird raised their target price on Workiva from $110.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Stephens initiated coverage on shares of Workiva in a research note on Wednesday, March 19th. They issued an "overweight" rating and a $111.00 target price for the company. Citigroup increased their price target on shares of Workiva from $128.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Stifel Nicolaus dropped their price objective on shares of Workiva from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Finally, Raymond James raised Workiva from a "market perform" rating to an "outperform" rating and set a $135.00 price objective on the stock in a report on Friday, January 3rd. One research 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, Workiva currently has an average rating of "Moderate Buy" and a consensus target price of $118.38.
Get Our Latest Analysis on Workiva
Workiva Stock Down 3.0 %
WK traded down $2.42 during trading hours on Friday, hitting $78.66. 649,316 shares of the company's stock were exchanged, compared to its average volume of 449,510. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of -85.50 and a beta of 1.09. Workiva Inc. has a 1-year low of $65.47 and a 1-year high of $116.83. The stock's 50-day moving average is $91.56 and its two-hundred day moving average is $92.15.
Insider Activity at Workiva
In related news, CAO Brandon Ziegler sold 4,115 shares of the firm's stock in a transaction dated 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 directly owns 103,509 shares in the company, valued at approximately $8,872,791.48. This trade represents a 3.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jill Klindt sold 5,593 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $85.04, for a total value of $475,628.72. Following the completion of the sale, the chief financial officer now directly owns 119,054 shares of the company's stock, valued at approximately $10,124,352.16. The trade was a 4.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,129 shares of company stock valued at $1,807,333. Insiders own 3.86% of the company's stock.
Workiva Company Profile
(
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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