Workiva Inc. (NYSE:WK) Shares Sold by Mirabella Financial Services LLP

Mirabella Financial Services LLP lowered its holdings in shares of Workiva Inc. (NYSE:WK - Free Report) by 95.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,451 shares of the software maker's stock after selling 68,851 shares during the period. Mirabella Financial Services LLP's holdings in Workiva were worth $378,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. SG Americas Securities LLC lifted its holdings in Workiva by 141.6% in the 4th quarter. SG Americas Securities LLC now owns 9,341 shares of the software maker's stock valued at $1,023,000 after purchasing an additional 5,475 shares in the last quarter. Nordea Investment Management AB acquired a new stake in Workiva during the fourth quarter worth approximately $59,894,000. Truist Financial Corp purchased a new stake in Workiva in the 4th quarter worth approximately $211,000. World Investment Advisors LLC acquired a new position in Workiva in the 3rd quarter valued at $396,000. Finally, Atria Wealth Solutions Inc. purchased a new position in shares of Workiva during the 4th quarter worth $237,000. Hedge funds and other institutional investors own 92.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WK. Stephens assumed coverage on shares of Workiva in a research note on Wednesday, March 19th. They set an "overweight" rating and a $111.00 price target on the stock. BMO Capital Markets cut their target price on Workiva from $120.00 to $108.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Truist Financial lowered their price target on Workiva from $120.00 to $95.00 and set a "buy" rating for the company in a research report on Monday, April 7th. BNP Paribas initiated coverage on Workiva in a report on Tuesday. They issued an "outperform" rating and a $100.00 price objective on the stock. Finally, Stifel Nicolaus decreased their target price on Workiva from $130.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $112.90.

Insider Activity

In other news, EVP Michael D. Hawkins sold 10,421 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $85.43, for a total transaction of $890,266.03. Following the transaction, the executive vice president now owns 61,298 shares of the company's stock, valued at approximately $5,236,688.14. This trade represents a 14.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert H. Herz sold 1,000 shares of Workiva stock in a transaction that occurred 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 transaction, the director now owns 34,084 shares of the company's stock, valued at approximately $3,023,250.80. The trade was a 2.85 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 21,129 shares of company stock worth $1,807,333. 3.86% of the stock is currently owned by insiders.

Workiva Stock Performance

Shares of NYSE:WK traded up $2.64 during trading on Thursday, hitting $72.59. The company's stock had a trading volume of 364,403 shares, compared to its average volume of 494,886. The company has a market capitalization of $4.07 billion, a PE ratio of -78.90 and a beta of 1.02. Workiva Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $116.83. The stock's 50-day moving average price is $78.96 and its two-hundred day moving average price is $90.87.

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.