Raymond James Financial Inc. acquired a new stake in shares of Workiva Inc. (NYSE:WK - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 52,588 shares of the software maker's stock, valued at approximately $5,758,000. Raymond James Financial Inc. owned approximately 0.09% of Workiva as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. SG Americas Securities LLC lifted its holdings in Workiva by 141.6% in the 4th quarter. SG Americas Securities LLC now owns 9,341 shares of the software maker's stock worth $1,023,000 after purchasing an additional 5,475 shares in the last quarter. Nordea Investment Management AB bought a new position in shares of Workiva during the fourth quarter worth $59,894,000. Advantage Alpha Capital Partners LP increased its holdings in Workiva by 13.9% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 87,472 shares of the software maker's stock valued at $6,921,000 after acquiring an additional 10,644 shares during the last quarter. Truist Financial Corp purchased a new stake in Workiva in the 4th quarter worth $211,000. Finally, Janus Henderson Group PLC grew its position in shares of Workiva by 839.8% during the third quarter. Janus Henderson Group PLC now owns 213,831 shares of the software maker's stock valued at $16,919,000 after purchasing an additional 191,078 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.
Workiva Price Performance
Shares of NYSE:WK traded down $2.42 during trading hours on Friday, hitting $78.66. 649,316 shares of the company's stock traded hands, compared to its average volume of 448,931. The firm has a market capitalization of $4.41 billion, a P/E ratio of -85.50 and a beta of 1.09. The business has a fifty day moving average price of $92.23 and a 200-day moving average price of $92.11. Workiva Inc. has a 1 year low of $65.47 and a 1 year high of $116.83.
Insider Buying and Selling at Workiva
In other news, CAO Brandon Ziegler sold 4,115 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $85.72, for a total transaction of $352,737.80. Following the transaction, the chief accounting officer now directly owns 103,509 shares of the company's stock, valued at approximately $8,872,791.48. This trade represents a 3.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jill Klindt sold 5,593 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $85.04, for a total value of $475,628.72. Following the completion of the transaction, the chief financial officer now directly owns 119,054 shares in the company, valued at approximately $10,124,352.16. This trade represents a 4.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,129 shares of company stock valued at $1,807,333 in the last quarter. 3.86% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several research firms have weighed in on WK. Stifel Nicolaus cut their price target on Workiva from $130.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Citigroup upped their price target on shares of Workiva from $128.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Raymond James raised shares of Workiva from a "market perform" rating to an "outperform" rating and set a $135.00 price objective for the company in a research note on Friday, January 3rd. The Goldman Sachs Group decreased their target price on shares of Workiva from $132.00 to $118.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Stephens started coverage on Workiva in a research report on Wednesday, March 19th. They issued an "overweight" rating and a $111.00 price target for the company. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Workiva has an average rating of "Moderate Buy" and an average price target of $118.38.
Read Our Latest Stock Report on Workiva
Workiva Profile
(
Free Report)
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.
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