Mirae Asset Global Investments Co. Ltd. Sells 3,351 Shares of Workiva Inc. (NYSE:WK)

Mirae Asset Global Investments Co. Ltd. reduced its holdings in shares of Workiva Inc. (NYSE:WK - Free Report) by 33.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,735 shares of the software maker's stock after selling 3,351 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Workiva were worth $748,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Conestoga Capital Advisors LLC boosted its stake in Workiva by 13.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,165,019 shares of the software maker's stock valued at $127,570,000 after purchasing an additional 140,310 shares during the period. Geode Capital Management LLC boosted its stake in Workiva by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,144,826 shares of the software maker's stock valued at $90,597,000 after purchasing an additional 35,029 shares during the period. Loomis Sayles & Co. L P boosted its stake in Workiva by 13.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 728,375 shares of the software maker's stock valued at $57,629,000 after purchasing an additional 86,746 shares during the period. Nordea Investment Management AB bought a new stake in Workiva in the 4th quarter valued at $59,894,000. Finally, Groupama Asset Managment bought a new stake in Workiva in the 3rd quarter valued at $381,000. 92.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Robert W. Baird lifted their price objective on Workiva from $110.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, December 13th. BMO Capital Markets lifted their price objective on Workiva from $96.00 to $104.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. The Goldman Sachs Group lifted their price objective on Workiva from $120.00 to $133.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Raymond James raised Workiva from a "market perform" rating to an "outperform" rating and set a $135.00 price objective for the company in a report on Friday, January 3rd. Finally, Stifel Nicolaus raised Workiva from a "hold" rating to a "buy" rating and lifted their price objective for the company from $102.00 to $130.00 in a report on Wednesday, December 18th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $122.14.

Workiva Stock Performance

Shares of Workiva stock traded down $2.69 during trading on Friday, reaching $89.12. 368,601 shares of the company's stock were exchanged, compared to its average volume of 718,325. Workiva Inc. has a 1-year low of $65.47 and a 1-year high of $116.83. The company has a market cap of $4.94 billion, a P/E ratio of -96.87 and a beta of 1.06. The firm's 50-day moving average price is $105.40 and its 200 day moving average price is $90.19.

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.