First Trust Advisors LP Has $90.25 Million Position in Workiva Inc. (NYSE:WK)

First Trust Advisors LP raised its position in shares of Workiva Inc. (NYSE:WK - Free Report) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 824,219 shares of the software maker's stock after buying an additional 24,172 shares during the quarter. First Trust Advisors LP owned about 1.49% of Workiva worth $90,252,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Workiva by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 5,800,074 shares of the software maker's stock worth $635,108,000 after purchasing an additional 70,820 shares during the period. Conestoga Capital Advisors LLC grew its stake in Workiva by 13.7% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,165,019 shares of the software maker's stock worth $127,570,000 after buying an additional 140,310 shares during the last quarter. Loomis Sayles & Co. L P increased its position in Workiva by 11.8% in the fourth quarter. Loomis Sayles & Co. L P now owns 814,582 shares of the software maker's stock worth $89,197,000 after buying an additional 86,207 shares during the period. TimesSquare Capital Management LLC boosted its holdings in shares of Workiva by 19.7% during the fourth quarter. TimesSquare Capital Management LLC now owns 559,961 shares of the software maker's stock valued at $61,316,000 after acquiring an additional 92,192 shares during the period. Finally, Norges Bank bought a new position in shares of Workiva during the fourth quarter worth about $59,676,000. Institutional investors and hedge funds own 92.21% of the company's stock.

Wall Street Analyst Weigh In

WK has been the topic of several recent research reports. Stifel Nicolaus cut their price objective on shares of Workiva from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Stephens started coverage on Workiva in a report on Wednesday, March 19th. They issued an "overweight" rating and a $111.00 price objective for the company. Raymond James raised Workiva from a "market perform" rating to an "outperform" rating and set a $135.00 target price on the stock in a research note on Friday, January 3rd. Truist Financial decreased their price target on Workiva from $120.00 to $95.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Finally, Citigroup lifted their price objective 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. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $112.90.

Insider Buying and Selling

In other Workiva news, Director Robert H. Herz sold 1,000 shares of Workiva stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $88.70, for a total transaction of $88,700.00. Following the transaction, the director now directly owns 34,084 shares in the company, valued at approximately $3,023,250.80. The trade was a 2.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael D. Hawkins sold 10,421 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $85.43, for a total value of $890,266.03. Following the completion of the sale, the executive vice president now directly owns 61,298 shares of the company's stock, valued at approximately $5,236,688.14. This trade represents a 14.53 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,129 shares of company stock worth $1,807,333. Corporate insiders own 3.86% of the company's stock.

Workiva Stock Performance

Shares of NYSE:WK traded up $0.87 during trading hours on Friday, hitting $73.51. 269,461 shares of the company's stock traded hands, compared to its average volume of 495,194. The company's fifty day simple moving average is $78.64 and its two-hundred day simple moving average is $90.86. The company has a market cap of $4.13 billion, a price-to-earnings ratio of -79.90 and a beta of 1.02. Workiva Inc. has a 52 week low of $60.50 and a 52 week high of $116.83.

Workiva 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.