Workiva Inc. (NYSE:WK) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of Workiva Inc. (NYSE:WK - Free Report) by 141.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,341 shares of the software maker's stock after acquiring an additional 5,475 shares during the period. SG Americas Securities LLC's holdings in Workiva were worth $1,023,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nisa Investment Advisors LLC raised its stake in Workiva by 8.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker's stock worth $159,000 after buying an additional 116 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Workiva by 4.5% during the fourth quarter. Park Avenue Securities LLC now owns 4,561 shares of the software maker's stock worth $499,000 after purchasing an additional 198 shares in the last quarter. Heartwood Wealth Advisors LLC acquired a new position in shares of Workiva during the fourth quarter worth $219,000. Harbor Capital Advisors Inc. increased its position in shares of Workiva by 6.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,060 shares of the software maker's stock worth $992,000 after purchasing an additional 537 shares in the last quarter. Finally, Nordea Investment Management AB acquired a new position in shares of Workiva during the fourth quarter worth $59,894,000. Institutional investors own 92.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on WK shares. Citigroup upped their price target on Workiva from $116.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Stifel Nicolaus raised shares of Workiva from a "hold" rating to a "buy" rating and boosted their price objective for the company from $102.00 to $130.00 in a report on Wednesday, December 18th. BMO Capital Markets boosted their price objective on shares of Workiva from $96.00 to $104.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their price objective on shares of Workiva from $120.00 to $133.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Finally, Robert W. Baird boosted their price objective on shares of Workiva from $110.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, December 13th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $122.14.

Workiva Price Performance

NYSE:WK traded down $0.86 during mid-day trading on Friday, hitting $98.24. The company's stock had a trading volume of 515,689 shares, compared to its average volume of 674,843. Workiva Inc. has a 1 year low of $65.47 and a 1 year high of $116.83. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of -106.78 and a beta of 1.07. The business's fifty day moving average is $105.95 and its two-hundred day moving average is $88.47.

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.