Workiva Inc. (NYSE:WK) Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC cut its stake in Workiva Inc. (NYSE:WK - Free Report) by 35.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,163 shares of the software maker's stock after selling 11,261 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in Workiva were worth $2,208,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Workiva by 345.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 92,451 shares of the software maker's stock valued at $7,315,000 after acquiring an additional 71,719 shares during the last quarter. Intech Investment Management LLC bought a new stake in Workiva during the third quarter valued at $862,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Workiva by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 423,782 shares of the software maker's stock worth $33,530,000 after purchasing an additional 6,422 shares during the period. Loomis Sayles & Co. L P lifted its position in shares of Workiva by 13.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 728,375 shares of the software maker's stock worth $57,629,000 after buying an additional 86,746 shares during the last quarter. Finally, Mirabella Financial Services LLP lifted its position in shares of Workiva by 515.4% in the 3rd quarter. Mirabella Financial Services LLP now owns 72,302 shares of the software maker's stock worth $5,559,000 after buying an additional 60,553 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several research firms recently weighed in on WK. Robert W. Baird increased their price objective on shares of Workiva from $110.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. The Goldman Sachs Group raised their price target on Workiva from $120.00 to $133.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. BMO Capital Markets reduced their price objective on Workiva from $120.00 to $108.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Stifel Nicolaus dropped their target price on Workiva from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Finally, Citigroup boosted their price target on shares of Workiva from $128.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $120.25.

Insiders Place Their Bets

In other news, Director Robert H. Herz sold 1,000 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $88.70, for a total value of $88,700.00. Following the completion of the sale, the director now owns 34,084 shares in the company, valued at $3,023,250.80. This represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jill Klindt sold 5,593 shares of Workiva stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $85.04, for a total value of $475,628.72. Following the transaction, the chief financial officer now directly owns 119,054 shares in the company, valued at approximately $10,124,352.16. The trade was a 4.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,129 shares of company stock worth $1,807,333. 3.86% of the stock is owned by corporate insiders.

Workiva Trading Down 3.2 %

WK stock traded down $2.70 during trading on Thursday, hitting $81.03. The company had a trading volume of 696,472 shares, compared to its average volume of 433,278. The business has a 50 day moving average of $92.88 and a 200 day moving average of $92.19. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of -88.07 and a beta of 1.09. Workiva Inc. has a fifty-two week low of $65.47 and a fifty-two week high of $116.83.

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.