Quest Partners LLC Has $1.16 Million Holdings in Workiva Inc. (NYSE:WK)

Quest Partners LLC boosted its holdings in shares of Workiva Inc. (NYSE:WK - Free Report) by 441.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,633 shares of the software maker's stock after buying an additional 11,931 shares during the period. Quest Partners LLC's holdings in Workiva were worth $1,158,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in Workiva in the third quarter valued at about $28,000. Quarry LP increased its holdings in Workiva by 57.8% in the second quarter. Quarry LP now owns 453 shares of the software maker's stock worth $33,000 after buying an additional 166 shares during the last quarter. EntryPoint Capital LLC bought a new position in Workiva during the first quarter valued at approximately $40,000. Point72 Hong Kong Ltd acquired a new stake in Workiva in the second quarter valued at approximately $62,000. Finally, Headlands Technologies LLC grew its position in Workiva by 896.0% in the second quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker's stock worth $128,000 after acquiring an additional 1,577 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Northland Securities decreased their price objective on shares of Workiva from $106.00 to $95.00 and set an "outperform" rating for the company in a report on Friday, August 2nd. Stifel Nicolaus raised their price objective on Workiva from $85.00 to $102.00 and gave the company a "hold" rating in a research note on Thursday, November 7th. BMO Capital Markets boosted their target price on Workiva from $96.00 to $104.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Robert W. Baird increased their price target on Workiva from $94.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Finally, StockNews.com cut shares of Workiva from a "buy" rating to a "hold" rating in a research note 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $103.20.

Workiva Trading Up 2.5 %

NYSE:WK traded up $2.35 during mid-day trading on Thursday, hitting $94.53. The company's stock had a trading volume of 214,370 shares, compared to its average volume of 376,625. The stock has a fifty day moving average of $82.16 and a 200-day moving average of $78.02. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of -102.75 and a beta of 1.05. Workiva Inc. has a fifty-two week low of $65.47 and a fifty-two week high of $105.00.

Insider Buying and Selling at Workiva

In other Workiva 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 in the company, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.86% of the company's stock.

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.