Intech Investment Management LLC bought a new stake in shares of Workiva Inc. (NYSE:WK - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,900 shares of the software maker's stock, valued at approximately $862,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of WK. V Square Quantitative Management LLC acquired a new stake in Workiva in the third quarter worth approximately $28,000. Quarry LP boosted 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 in the last quarter. Point72 Hong Kong Ltd purchased a new position in Workiva during the 2nd quarter valued at about $62,000. Headlands Technologies LLC increased its holdings in shares of Workiva by 896.0% in the 2nd quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker's stock valued at $128,000 after purchasing an additional 1,577 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Workiva by 8.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker's stock worth $171,000 after purchasing an additional 179 shares in the last quarter. Institutional investors own 92.21% of the company's stock.
Insider Transactions at Workiva
In related news, EVP Michael D. Hawkins sold 2,761 shares of the company's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $74.60, for a total transaction of $205,970.60. Following the completion of the transaction, the executive vice president now directly owns 49,887 shares in the company, valued at $3,721,570.20. This represents a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.86% of the stock is owned by corporate insiders.
Workiva Price Performance
Shares of WK stock traded up $0.40 during trading on Friday, reaching $97.25. The company had a trading volume of 211,659 shares, compared to its average volume of 377,076. The company has a market capitalization of $5.39 billion, a PE ratio of -105.27 and a beta of 1.05. The firm's 50 day simple moving average is $84.21 and its two-hundred day simple moving average is $78.56. Workiva Inc. has a one year low of $65.47 and a one year high of $105.00.
Analyst Upgrades and Downgrades
WK has been the subject of a number of research analyst reports. Robert W. Baird increased their target price on shares of Workiva from $94.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. BMO Capital Markets boosted their target price on Workiva from $96.00 to $104.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Northland Securities reduced their price target 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 downgraded Workiva from a "buy" rating to a "hold" rating in a report on Saturday, August 3rd. Finally, Stifel Nicolaus lifted their target price on shares of Workiva from $85.00 to $102.00 and gave the company 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 given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $103.20.
Get Our Latest Stock Report on WK
Workiva Company Profile
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Free Report)
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.
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