Assenagon Asset Management S.A. Sells 11,365 Shares of Workiva Inc. (NYSE:WK)

Assenagon Asset Management S.A. trimmed its holdings in shares of Workiva Inc. (NYSE:WK - Free Report) by 7.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 134,019 shares of the software maker's stock after selling 11,365 shares during the period. Assenagon Asset Management S.A. owned about 0.24% of Workiva worth $14,675,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in WK. V Square Quantitative Management LLC acquired a new position in shares of Workiva in the 3rd quarter worth $28,000. Quarry LP boosted its position in shares of Workiva by 57.8% in the 2nd quarter. Quarry LP now owns 453 shares of the software maker's stock valued at $33,000 after purchasing an additional 166 shares during the period. Point72 Hong Kong Ltd purchased a new position in Workiva in the 2nd quarter worth about $62,000. Sanctuary Advisors LLC acquired a new stake in Workiva during the 3rd quarter worth about $168,000. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in Workiva by 8.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker's stock worth $171,000 after buying an additional 179 shares during the period. Institutional investors and hedge funds own 92.21% of the company's stock.

Workiva Trading Down 1.5 %

NYSE WK traded down $1.65 on Friday, reaching $112.05. The stock had a trading volume of 346,987 shares, compared to its average volume of 419,938. Workiva Inc. has a 1 year low of $65.47 and a 1 year high of $116.83. The business has a 50 day moving average price of $104.08 and a 200 day moving average price of $86.31. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of -121.79 and a beta of 1.07.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Raymond James raised shares of Workiva from a "market perform" rating to an "outperform" rating and set a $135.00 target price on the stock in a research report on Friday, January 3rd. BMO Capital Markets lifted their price objective on shares of Workiva from $96.00 to $104.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. The Goldman Sachs Group increased their target price on Workiva from $120.00 to $133.00 and gave the company a "buy" rating in a report on Tuesday. Robert W. Baird lifted their price target on Workiva from $110.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Finally, Citigroup increased their price objective on Workiva from $116.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.14.

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.