International Assets Investment Management LLC grew its holdings in Workiva Inc. (NYSE:WK - Free Report) by 6,373.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,257 shares of the software maker's stock after buying an additional 9,114 shares during the period. International Assets Investment Management LLC's holdings in Workiva were worth $732,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the business. Principal Financial Group Inc. increased its stake in shares of Workiva by 2.0% in the 2nd quarter. Principal Financial Group Inc. now owns 6,823 shares of the software maker's stock valued at $498,000 after purchasing an additional 137 shares during the last quarter. 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 worth $33,000 after acquiring an additional 166 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Workiva by 8.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker's stock valued at $171,000 after purchasing an additional 179 shares in the last quarter. Xponance Inc. grew its holdings in shares of Workiva by 6.0% during the 2nd quarter. Xponance Inc. now owns 3,195 shares of the software maker's stock valued at $233,000 after purchasing an additional 182 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in Workiva by 3.9% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 4,910 shares of the software maker's stock worth $358,000 after purchasing an additional 183 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.
Analyst Ratings Changes
A number of research firms have weighed in on WK. StockNews.com cut shares of Workiva from a "buy" rating to a "hold" rating in a research note on Saturday, August 3rd. Northland Securities dropped their price target on shares of Workiva from $106.00 to $95.00 and set an "outperform" rating for the company in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $95.00.
Get Our Latest Stock Report on Workiva
Insiders Place Their Bets
In other Workiva news, EVP Michael D. Hawkins sold 2,761 shares of the firm's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $74.60, for a total value of $205,970.60. Following the completion of the sale, the executive vice president now directly owns 49,887 shares of the company's stock, valued at $3,721,570.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.86% of the company's stock.
Workiva Trading Up 6.3 %
WK stock traded up $5.16 during trading on Wednesday, reaching $87.63. 1,047,367 shares of the stock were exchanged, compared to its average volume of 370,661. Workiva Inc. has a twelve month low of $65.47 and a twelve month high of $105.00. The firm's 50 day moving average is $78.12 and its 200 day moving average is $77.04. The firm has a market cap of $4.84 billion, a P/E ratio of -53.11 and a beta of 1.05.
Workiva Profile
(
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.
Read More
Before you consider Workiva, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Workiva wasn't on the list.
While Workiva currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
