Quantbot Technologies LP Buys 16,286 Shares of Workiva Inc. (NYSE:WK)

Quantbot Technologies LP boosted its holdings in shares of Workiva Inc. (NYSE:WK - Free Report) by 431.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,064 shares of the software maker's stock after acquiring an additional 16,286 shares during the quarter. Quantbot Technologies LP's holdings in Workiva were worth $1,587,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC lifted its stake in shares of Workiva by 2.8% in the second quarter. Conestoga Capital Advisors LLC now owns 1,188,445 shares of the software maker's stock worth $86,745,000 after acquiring an additional 32,230 shares during the period. Loomis Sayles & Co. L P raised its holdings in Workiva by 13.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 728,375 shares of the software maker's stock worth $57,629,000 after purchasing an additional 86,746 shares during the last quarter. TimesSquare Capital Management LLC lifted its position in shares of Workiva by 4.3% in the 3rd quarter. TimesSquare Capital Management LLC now owns 467,769 shares of the software maker's stock worth $37,010,000 after purchasing an additional 19,095 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Workiva by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 423,782 shares of the software maker's stock valued at $33,530,000 after purchasing an additional 6,422 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Workiva by 14.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 392,951 shares of the software maker's stock valued at $28,682,000 after purchasing an additional 49,222 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of Workiva from $96.00 to $104.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Robert W. Baird boosted their price objective on Workiva from $94.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Northland Securities cut 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 downgraded Workiva from a "buy" rating to a "hold" rating in a report on Saturday, August 3rd. Finally, Stifel Nicolaus increased their price target on Workiva from $85.00 to $102.00 and gave the stock a "hold" rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $103.20.

Workiva Stock Up 0.4 %

Shares of Workiva stock opened at $97.25 on Friday. The business has a 50-day simple moving average of $84.21 and a 200 day simple moving average of $78.56. Workiva Inc. has a one year low of $65.47 and a one year high of $105.00.

Insider Activity

In other 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 transaction of $205,970.60. Following the completion of the sale, the executive vice president now directly owns 49,887 shares of the company's stock, valued at $3,721,570.20. The trade was a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate 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.