Swedbank AB Sells 90,800 Shares of Workiva Inc. (NYSE:WK)

Swedbank AB lowered its position in shares of Workiva Inc. (NYSE:WK - Free Report) by 47.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 100,000 shares of the software maker's stock after selling 90,800 shares during the quarter. Swedbank AB owned 0.18% of Workiva worth $7,912,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Champlain Investment Partners LLC raised its holdings in Workiva by 58.2% during the 1st quarter. Champlain Investment Partners LLC now owns 1,340,114 shares of the software maker's stock worth $113,642,000 after buying an additional 492,945 shares during the period. Vanguard Group Inc. raised its holdings in shares of Workiva by 3.6% during the first quarter. Vanguard Group Inc. now owns 5,185,929 shares of the software maker's stock worth $439,767,000 after acquiring an additional 181,520 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Workiva by 29.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 349,789 shares of the software maker's stock valued at $29,662,000 after acquiring an additional 80,551 shares in the last quarter. Kopp LeRoy C acquired a new position in Workiva in the 1st quarter worth $6,481,000. Finally, Cubist Systematic Strategies LLC increased its holdings in Workiva by 501.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 75,484 shares of the software maker's stock worth $5,510,000 after purchasing an additional 62,932 shares in the last quarter. Institutional investors own 92.21% of the company's stock.

Insider Activity

In related news, EVP Michael D. Hawkins sold 2,761 shares of Workiva stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $74.60, for a total transaction of $205,970.60. Following the completion of the sale, the executive vice president now owns 49,887 shares of the company's stock, valued at approximately $3,721,570.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.86% of the company's stock.

Workiva Stock Down 0.4 %

Shares of WK stock traded down $0.30 on Friday, reaching $81.55. The stock had a trading volume of 235,829 shares, compared to its average volume of 374,426. Workiva Inc. has a 12 month low of $65.47 and a 12 month high of $105.00. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of -47.41 and a beta of 1.05. The firm's 50-day moving average is $77.53 and its two-hundred day moving average is $77.00.

Workiva (NYSE:WK - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The software maker reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02). The firm had revenue of $177.50 million during the quarter, compared to the consensus estimate of $175.22 million. The firm's revenue was up 14.5% on a year-over-year basis. During the same period last year, the firm posted ($0.36) earnings per share. On average, sell-side analysts forecast that Workiva Inc. will post -0.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

WK has been the topic of a number of recent research reports. Northland Securities dropped their target price on Workiva from $106.00 to $95.00 and set an "outperform" rating on the stock in a research report on Friday, August 2nd. StockNews.com cut shares of Workiva from a "buy" rating to a "hold" rating in a report on Saturday, August 3rd. Robert W. Baird lowered their price target on shares of Workiva from $105.00 to $94.00 and set an "outperform" rating on the stock in a research note on Thursday, June 27th. Finally, Citigroup increased their price objective on shares of Workiva from $103.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, June 28th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Workiva currently has a consensus rating of "Moderate Buy" and a consensus target price of $95.00.

About Workiva

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.