Workiva Inc. (NYSE:WK) CAO Sells $352,737.80 in Stock

Workiva Inc. (NYSE:WK - Get Free Report) CAO Brandon Ziegler sold 4,115 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $85.72, for a total transaction of $352,737.80. Following the completion of the sale, the chief accounting officer now owns 103,509 shares in the company, valued at $8,872,791.48. This represents a 3.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Workiva Stock Down 0.5 %

WK traded down $0.46 during trading on Tuesday, hitting $84.65. The company's stock had a trading volume of 169,082 shares, compared to its average volume of 418,920. The firm has a market capitalization of $4.69 billion, a P/E ratio of -91.48 and a beta of 1.09. Workiva Inc. has a twelve month low of $65.47 and a twelve month high of $116.83. The stock's fifty day moving average price is $98.88 and its 200-day moving average price is $91.42.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of WK. Norges Bank acquired a new stake in Workiva in the fourth quarter worth $59,676,000. Nordea Investment Management AB bought a new position in shares of Workiva during the 4th quarter worth about $59,894,000. Groupama Asset Managment acquired a new stake in shares of Workiva in the 3rd quarter valued at about $381,000. Arrowstreet Capital Limited Partnership bought a new stake in Workiva in the 4th quarter valued at about $51,353,000. Finally, Point72 Asset Management L.P. bought a new stake in Workiva in the 4th quarter valued at about $32,863,000. Institutional investors and hedge funds own 92.21% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have issued reports on WK shares. Stifel Nicolaus decreased their price target 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. The Goldman Sachs Group increased their price target on Workiva from $120.00 to $133.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. BMO Capital Markets reduced their target price 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 shares of Workiva from a "market perform" rating to an "outperform" rating and set a $135.00 target price for the company in a research report on Friday, January 3rd. Finally, Robert W. Baird boosted their price target on shares of Workiva from $110.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Workiva presently has a consensus rating of "Moderate Buy" and a consensus price target of $121.57.

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.