Impax Asset Management Group plc Buys 22,500 Shares of Workiva Inc. (NYSE:WK)

Impax Asset Management Group plc boosted its stake in shares of Workiva Inc. (NYSE:WK - Free Report) by 16.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 158,586 shares of the software maker's stock after buying an additional 22,500 shares during the period. Impax Asset Management Group plc owned approximately 0.29% of Workiva worth $12,547,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its position in Workiva by 4.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 19,935 shares of the software maker's stock worth $1,690,000 after acquiring an additional 821 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in Workiva during the first quarter worth $45,000. FORA Capital LLC grew its position in Workiva by 17.1% in the first quarter. FORA Capital LLC now owns 5,478 shares of the software maker's stock valued at $465,000 after purchasing an additional 801 shares in the last quarter. SG Americas Securities LLC increased its stake in Workiva by 1,318.3% in the 1st quarter. SG Americas Securities LLC now owns 14,935 shares of the software maker's stock valued at $1,266,000 after buying an additional 13,882 shares during the last quarter. Finally, Swiss National Bank lifted its position in Workiva by 1.0% during the 1st quarter. Swiss National Bank now owns 94,121 shares of the software maker's stock worth $7,981,000 after buying an additional 900 shares in the last quarter. Institutional investors own 92.21% of the company's stock.

Insiders Place Their Bets

In other news, EVP Michael D. Hawkins sold 2,761 shares of the business's stock in a transaction that occurred on 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 in the company, valued at $3,721,570.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 3.86% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on WK shares. Northland Securities decreased their price objective on Workiva from $106.00 to $95.00 and set an "outperform" rating for the company in a report on Friday, August 2nd. StockNews.com lowered Workiva from a "buy" rating to a "hold" rating in a research 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $95.00.

Workiva Stock Performance

Workiva stock traded up $5.16 during midday trading on Wednesday, reaching $87.63. 1,047,367 shares of the company's stock were exchanged, compared to its average volume of 370,659. Workiva Inc. has a 52 week low of $65.47 and a 52 week high of $105.00. The stock's 50-day simple moving average is $77.92 and its 200 day simple moving average is $76.97. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of -49.98 and a beta of 1.05.

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.