Janus Henderson Group PLC Boosts Stake in Workiva Inc. (NYSE:WK)

Janus Henderson Group PLC boosted its stake in shares of Workiva Inc. (NYSE:WK - Free Report) by 839.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 213,831 shares of the software maker's stock after buying an additional 191,078 shares during the quarter. Janus Henderson Group PLC owned 0.39% of Workiva worth $16,919,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in WK. V Square Quantitative Management LLC acquired a new stake in shares of Workiva in the 3rd quarter worth approximately $28,000. Quarry LP raised its stake in shares of Workiva by 57.8% during the 2nd quarter. Quarry LP now owns 453 shares of the software maker's stock worth $33,000 after buying an additional 166 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Workiva in the 2nd quarter worth about $62,000. Headlands Technologies LLC grew its stake in 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 acquiring an additional 1,577 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its stake in 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 acquiring an additional 179 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Workiva

In other news, EVP Michael D. Hawkins sold 2,761 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $74.60, for a total transaction of $205,970.60. Following 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.86% of the company's stock.

Workiva Stock Performance

NYSE WK traded up $2.06 during mid-day trading on Friday, reaching $102.86. 359,281 shares of the stock were exchanged, compared to its average volume of 404,823. The business's fifty day simple moving average is $86.75 and its 200 day simple moving average is $79.15. The stock has a market capitalization of $5.70 billion, a PE ratio of -111.80 and a beta of 1.09. Workiva Inc. has a 1-year low of $65.47 and a 1-year high of $105.00.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Stifel Nicolaus upped their price target on shares of Workiva from $85.00 to $102.00 and gave the company a "hold" rating in a report on Thursday, November 7th. Robert W. Baird upped their target price on Workiva from $94.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets raised their price target on Workiva from $96.00 to $104.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Workiva has an average rating of "Moderate Buy" and an average price target of $103.20.

About Workiva

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.