Assenagon Asset Management S.A. Increases Stock Position in Workiva Inc. (NYSE:WK)

Assenagon Asset Management S.A. increased its position in shares of Workiva Inc. (NYSE:WK - Free Report) by 435.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 145,384 shares of the software maker's stock after buying an additional 118,234 shares during the period. Assenagon Asset Management S.A. owned 0.27% of Workiva worth $11,503,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. increased its position in Workiva by 2.0% during the second quarter. Principal Financial Group Inc. now owns 6,823 shares of the software maker's stock worth $498,000 after acquiring an additional 137 shares during the period. Quarry LP raised its holdings in shares of Workiva by 57.8% during the 2nd quarter. Quarry LP now owns 453 shares of the software maker's stock worth $33,000 after buying an additional 166 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Workiva by 8.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker's stock worth $171,000 after acquiring an additional 179 shares during the last quarter. Xponance Inc. grew its stake in shares of Workiva by 6.0% during the second quarter. Xponance Inc. now owns 3,195 shares of the software maker's stock worth $233,000 after buying an additional 182 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its holdings in Workiva by 3.9% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 4,910 shares of the software maker's stock worth $358,000 after purchasing an additional 183 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Workiva

In related news, EVP Michael D. Hawkins sold 2,761 shares of the business's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $74.60, for a total value of $205,970.60. Following the transaction, the executive vice president now directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 3.86% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WK. Northland Securities decreased their price target on Workiva from $106.00 to $95.00 and set an "outperform" rating for the company in a research note on Friday, August 2nd. StockNews.com lowered Workiva from a "buy" rating to a "hold" rating in a report on Saturday, August 3rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Workiva presently has an average rating of "Moderate Buy" and an average price target of $95.00.

Workiva Trading Down 0.3 %

Workiva stock traded down $0.25 during trading on Monday, hitting $78.53. 211,065 shares of the company were exchanged, compared to its average volume of 369,200. The business's 50 day moving average is $77.76 and its 200 day moving average is $76.85. Workiva Inc. has a 52 week low of $65.47 and a 52 week high of $105.00. The company has a market capitalization of $4.34 billion, a P/E ratio of -47.59 and a beta of 1.05.

Workiva (NYSE:WK - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The software maker reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02). The company had revenue of $177.50 million for the quarter, compared to the consensus estimate of $175.22 million. Workiva's quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.36) earnings per share. Equities analysts expect that Workiva Inc. will post -0.86 EPS for the current year.

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.