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

Quest Partners LLC lifted its holdings in shares of Workiva Inc. (NYSE:WK - Free Report) by 441.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,633 shares of the software maker's stock after acquiring an additional 11,931 shares during the quarter. Quest Partners LLC's holdings in Workiva were worth $1,158,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new stake in Workiva during the 3rd quarter valued at approximately $28,000. Quarry LP increased its stake in shares of 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 1st quarter valued at $40,000. Point72 Hong Kong Ltd acquired a new position in Workiva during the 2nd quarter worth $62,000. Finally, Headlands Technologies LLC increased its position in shares of Workiva by 896.0% in the 2nd quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker's stock worth $128,000 after purchasing an additional 1,577 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Workiva Stock Up 1.1 %

Shares of Workiva stock traded up $1.00 during midday trading on Thursday, reaching $93.18. 32,738 shares of the company's stock traded hands, compared to its average volume of 375,282. Workiva Inc. has a 52 week low of $65.47 and a 52 week high of $105.00. The company's 50 day simple moving average is $81.68 and its 200 day simple moving average is $77.90.

Wall Street Analyst Weigh In

WK has been the subject of a number of research reports. BMO Capital Markets lifted their price target on Workiva from $96.00 to $104.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Northland Securities lowered their price objective on shares of Workiva from $106.00 to $95.00 and set an "outperform" rating for the company in a research report on Friday, August 2nd. Robert W. Baird raised their price target on Workiva from $94.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. StockNews.com cut Workiva from a "buy" rating to a "hold" rating in a research note on Saturday, August 3rd. Finally, Stifel Nicolaus raised their price target on Workiva from $85.00 to $102.00 and gave the company a "hold" rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $103.20.

Insider Activity at Workiva

In other news, EVP Michael D. Hawkins sold 2,761 shares of the company'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 sale, the executive vice president now owns 49,887 shares of the company's stock, valued at approximately $3,721,570.20. This represents a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.86% of the stock is owned by corporate insiders.

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.