KLP Kapitalforvaltning AS acquired a new position in shares of Workiva Inc. (NYSE:WK - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,200 shares of the software maker's stock, valued at approximately $1,117,000.
Several other large investors also recently made changes to their positions in the stock. Twin Tree Management LP acquired a new position in Workiva during the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC raised its stake in Workiva by 14,650.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 885 shares of the software maker's stock valued at $97,000 after acquiring an additional 879 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Workiva by 8.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker's stock valued at $159,000 after purchasing an additional 116 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Workiva in the third quarter valued at $168,000. Finally, Quantinno Capital Management LP bought a new position in shares of Workiva in the third quarter valued at about $207,000. Institutional investors and hedge funds own 92.21% of the company's stock.
Insider Transactions at Workiva
In other news, EVP Michael D. Hawkins sold 10,421 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $85.43, for a total transaction of $890,266.03. Following the completion of the transaction, the executive vice president now directly owns 61,298 shares in the company, valued at approximately $5,236,688.14. This represents a 14.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Brandon Ziegler sold 4,115 shares of the firm's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $85.72, for a total value of $352,737.80. Following the sale, the chief accounting officer now directly owns 103,509 shares in the company, valued at approximately $8,872,791.48. This trade represents a 3.82 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,129 shares of company stock valued at $1,807,333. Company insiders own 3.86% of the company's stock.
Analyst Ratings Changes
Several analysts recently commented on WK shares. BMO Capital Markets reduced their target price on shares of Workiva from $120.00 to $108.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Raymond James raised Workiva from a "market perform" rating to an "outperform" rating and set a $135.00 target price on the stock in a research report on Friday, January 3rd. The Goldman Sachs Group dropped their price target on Workiva from $132.00 to $118.00 and set a "buy" rating for the company in a report on Friday, March 28th. Citigroup increased their price objective on Workiva from $128.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Finally, Stephens initiated coverage on shares of Workiva in a research note on Wednesday, March 19th. They issued an "overweight" rating and a $111.00 price target on the stock. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $118.38.
Get Our Latest Research Report on Workiva
Workiva Price Performance
WK stock traded up $2.15 during midday trading on Wednesday, reaching $78.21. The company had a trading volume of 1,246,731 shares, compared to its average volume of 697,116. Workiva Inc. has a 1-year low of $65.47 and a 1-year high of $116.83. The stock has a 50 day moving average price of $90.08 and a 200-day moving average price of $92.49. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of -85.01 and a beta of 1.09.
About Workiva
(
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 Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
