Pathstone Holdings LLC Lowers Holdings in Workiva Inc. (NYSE:WK)

Pathstone Holdings LLC decreased its stake in Workiva Inc. (NYSE:WK - Free Report) by 25.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,958 shares of the software maker's stock after selling 5,708 shares during the quarter. Pathstone Holdings LLC's holdings in Workiva were worth $1,342,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Comerica Bank lifted its stake in Workiva by 23.8% in the first quarter. Comerica Bank now owns 87,999 shares of the software maker's stock worth $7,462,000 after purchasing an additional 16,943 shares during the last quarter. iA Global Asset Management Inc. boosted its holdings in Workiva by 12.5% during the 1st quarter. iA Global Asset Management Inc. now owns 7,159 shares of the software maker's stock valued at $607,000 after acquiring an additional 794 shares during the period. Swedbank AB purchased a new position in Workiva during the 1st quarter valued at $16,180,000. Burney Co. bought a new position in Workiva in the 1st quarter valued at $3,678,000. Finally, Cetera Investment Advisers purchased a new stake in Workiva in the first quarter worth $1,629,000. Institutional investors own 92.21% of the company's stock.

Insider Transactions at Workiva

In other news, EVP Michael D. Hawkins sold 2,761 shares of Workiva stock in a transaction on 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 directly owns 49,887 shares in the company, valued at approximately $3,721,570.20. The trade was a 5.24 % decrease in their ownership of the stock. The transaction 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 Performance

WK traded up $0.40 during trading on Friday, hitting $97.25. The stock had a trading volume of 211,659 shares, compared to its average volume of 377,076. The stock has a 50 day simple moving average of $84.21 and a two-hundred day simple moving average of $78.56. Workiva Inc. has a twelve month low of $65.47 and a twelve month high of $105.00. The company has a market capitalization of $5.39 billion, a PE ratio of -105.27 and a beta of 1.05.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WK. Stifel Nicolaus upped their target price on Workiva from $85.00 to $102.00 and gave the stock a "hold" rating in a report on Thursday, November 7th. Robert W. Baird increased their target price on shares of Workiva from $94.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. StockNews.com lowered shares of Workiva from a "buy" rating to a "hold" rating in a report on Saturday, August 3rd. BMO Capital Markets increased their price objective on shares of Workiva from $96.00 to $104.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Finally, Northland Securities reduced their price objective on shares of Workiva from $106.00 to $95.00 and set an "outperform" rating for the company in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $103.20.

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.