Advantage Alpha Capital Partners LP Has $6.92 Million Stake in Workiva Inc. (NYSE:WK)

Advantage Alpha Capital Partners LP raised its stake in shares of Workiva Inc. (NYSE:WK - Free Report) by 13.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 87,472 shares of the software maker's stock after acquiring an additional 10,644 shares during the period. Workiva makes up 1.6% of Advantage Alpha Capital Partners LP's holdings, making the stock its 12th biggest holding. Advantage Alpha Capital Partners LP owned approximately 0.16% of Workiva worth $6,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity

In related news, EVP Michael D. Hawkins sold 2,761 shares of Workiva 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 sale, the executive vice president now owns 49,887 shares in the company, valued at approximately $3,721,570.20. The trade was a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.86% of the company's stock.

Workiva Price Performance

Workiva stock traded up $0.35 during mid-day trading on Tuesday, hitting $98.72. 402,338 shares of the company were exchanged, compared to its average volume of 378,239. The company has a market capitalization of $5.47 billion, a P/E ratio of -105.70 and a beta of 1.05. Workiva Inc. has a 12-month low of $65.47 and a 12-month high of $105.00. The business's 50 day simple moving average is $83.03 and its two-hundred day simple moving average is $78.18.

Analyst Ratings Changes

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

About Workiva

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.