Quadrature Capital Ltd Has $944,000 Position in Workiva Inc. (NYSE:WK)

Quadrature Capital Ltd decreased its stake in Workiva Inc. (NYSE:WK - Free Report) by 57.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,304 shares of the software maker's stock after selling 12,661 shares during the quarter. Quadrature Capital Ltd's holdings in Workiva were worth $944,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. PNC Financial Services Group Inc. raised its stake in Workiva by 42.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 19,992 shares of the software maker's stock worth $2,030,000 after purchasing an additional 5,922 shares during the period. Vanguard Group Inc. raised its stake in Workiva by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 5,004,409 shares of the software maker's stock worth $508,098,000 after purchasing an additional 51,284 shares during the period. Goldman Sachs Group Inc. raised its stake in Workiva by 8.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 226,488 shares of the software maker's stock worth $22,995,000 after purchasing an additional 16,912 shares during the period. American International Group Inc. raised its stake in Workiva by 1.2% during the fourth quarter. American International Group Inc. now owns 24,727 shares of the software maker's stock worth $2,511,000 after purchasing an additional 304 shares during the period. Finally, Virtu Financial LLC purchased a new position in Workiva during the fourth quarter worth about $757,000. Institutional investors and hedge funds own 92.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on WK shares. BMO Capital Markets reissued an "outperform" rating and issued a $96.00 price target on shares of Workiva in a research note on Tuesday, June 11th. Citigroup reduced their price target on shares of Workiva from $110.00 to $95.00 and set a "buy" rating on the stock in a research note on Tuesday, April 23rd. StockNews.com raised shares of Workiva from a "hold" rating to a "buy" rating in a research note on Tuesday, June 11th. Finally, William Blair restated an "outperform" rating on shares of Workiva in a report on Friday, May 3rd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $109.43.

Workiva Price Performance

Shares of WK stock traded up $2.31 during trading on Friday, reaching $73.07. The company's stock had a trading volume of 857,980 shares, compared to its average volume of 358,537. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of -42.48 and a beta of 1.07. The stock's 50-day moving average price is $78.63 and its 200 day moving average price is $86.93. Workiva Inc. has a 1-year low of $69.46 and a 1-year high of $116.00.

Workiva (NYSE:WK - Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The software maker reported ($0.19) EPS for the quarter, hitting the consensus estimate of ($0.19). The firm had revenue of $175.67 million for the quarter, compared to analyst estimates of $173.85 million. On average, sell-side analysts anticipate that Workiva Inc. will post -0.62 EPS for the current fiscal year.

Insider Activity

In related news, EVP Michael D. Hawkins sold 3,435 shares of the company's stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $81.46, for a total value of $279,815.10. Following the completion of the sale, the executive vice president now owns 55,487 shares in the company, valued at approximately $4,519,971.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.86% of the company's stock.

Workiva Company 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.