FORA Capital LLC Invests $479,000 in Workiva Inc. (NYSE:WK)

FORA Capital LLC acquired a new stake in shares of Workiva Inc. (NYSE:WK - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,059 shares of the software maker's stock, valued at approximately $479,000.

Other large investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in Workiva during the third quarter valued at $28,000. Quarry LP raised its stake in Workiva by 57.8% during the second quarter. Quarry LP now owns 453 shares of the software maker's stock valued at $33,000 after buying an additional 166 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Workiva during the second quarter valued at $62,000. Headlands Technologies LLC raised its stake in Workiva by 896.0% during the second quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker's stock valued at $128,000 after buying an additional 1,577 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in Workiva by 8.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker's stock valued at $171,000 after buying an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

Insider Activity at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 2,761 shares of the business's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $74.60, for a total transaction of $205,970.60. Following the completion of the sale, the executive vice president now owns 49,887 shares of the company's stock, valued at approximately $3,721,570.20. The trade was a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.86% of the stock is owned by company insiders.

Workiva Price Performance

Workiva stock traded up $0.40 during mid-day trading on Friday, reaching $97.25. 211,659 shares of the stock traded hands, compared to its average volume of 377,076. The stock has a market capitalization of $5.39 billion, a PE ratio of -105.27 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 moving average is $84.21 and its 200-day moving average is $78.56.

Analysts Set New Price Targets

A number of brokerages have issued reports on WK. StockNews.com cut Workiva from a "buy" rating to a "hold" rating in a research note on Saturday, August 3rd. Robert W. Baird boosted their price target on Workiva from $94.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. BMO Capital Markets boosted their price target on Workiva from $96.00 to $104.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Northland Securities decreased their price target on Workiva from $106.00 to $95.00 and set an "outperform" rating for the company in a research note on Friday, August 2nd. Finally, Stifel Nicolaus boosted their price target on Workiva from $85.00 to $102.00 and gave the stock a "hold" rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $103.20.

Workiva Company 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.