Semanteon Capital Management LP Makes New Investment in Workiva Inc. (NYSE:WK)

Semanteon Capital Management LP bought a new stake in Workiva Inc. (NYSE:WK - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 13,227 shares of the software maker's stock, valued at approximately $1,448,000. Workiva makes up approximately 0.8% of Semanteon Capital Management LP's portfolio, making the stock its 27th biggest holding.

A number of other institutional investors have also recently made changes to their positions in WK. Nisa Investment Advisors LLC lifted its holdings in shares of Workiva by 8.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker's stock worth $159,000 after purchasing an additional 116 shares during the period. Park Avenue Securities LLC raised its stake in Workiva by 4.5% in the 4th quarter. Park Avenue Securities LLC now owns 4,561 shares of the software maker's stock valued at $499,000 after purchasing an additional 198 shares during the last quarter. Arizona State Retirement System raised its position in shares of Workiva by 1.6% in the fourth quarter. Arizona State Retirement System now owns 14,170 shares of the software maker's stock valued at $1,552,000 after buying an additional 224 shares during the last quarter. Twin Tree Management LP acquired a new stake in shares of Workiva in the fourth quarter worth approximately $25,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Workiva by 5.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,296 shares of the software maker's stock worth $580,000 after buying an additional 267 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

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Wall Street Analyst Weigh In

WK has been the subject of a number of research reports. Raymond James raised shares of Workiva from a "market perform" rating to an "outperform" rating and set a $135.00 price target for the company in a research report on Friday, January 3rd. Citigroup upped their price objective on Workiva from $128.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Stifel Nicolaus decreased their target price on shares of Workiva from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. The Goldman Sachs Group upped their target price on Workiva from $120.00 to $133.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Finally, BMO Capital Markets decreased their price target on Workiva from $120.00 to $108.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $120.25.

Workiva Stock Performance

Shares of NYSE WK traded down $0.52 during trading on Tuesday, reaching $86.66. The company had a trading volume of 1,573,952 shares, compared to its average volume of 425,027. Workiva Inc. has a 52 week low of $65.47 and a 52 week high of $116.83. The stock has a market cap of $4.86 billion, a PE ratio of -94.20 and a beta of 1.09. The business's 50 day moving average price is $93.96 and its 200-day moving average price is $92.15.

Insider Activity at Workiva

In other news, CFO Jill Klindt sold 5,593 shares of Workiva stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $85.04, for a total transaction 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. The trade was a 4.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael D. Hawkins sold 10,421 shares of Workiva stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $85.43, for a total transaction of $890,266.03. Following the sale, the executive vice president now directly owns 61,298 shares of the company's stock, valued at $5,236,688.14. The trade was a 14.53 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,129 shares of company stock valued at $1,807,333. 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.