Swedbank AB Lowers Holdings in Workiva Inc. (NYSE:WK)

Swedbank AB cut its holdings in shares of Workiva Inc. (NYSE:WK - Free Report) by 47.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,000 shares of the software maker's stock after selling 90,800 shares during the quarter. Swedbank AB owned approximately 0.18% of Workiva worth $7,912,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. V Square Quantitative Management LLC bought a new position in shares of Workiva in the third quarter valued at approximately $28,000. Quarry LP increased its holdings 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 purchasing an additional 166 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Workiva in the second quarter worth $62,000. Headlands Technologies LLC raised its position in shares of 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 buying an additional 1,577 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in Workiva by 8.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker's stock valued at $171,000 after buying an additional 179 shares during the period. Hedge funds and other institutional investors own 92.21% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, EVP Michael D. Hawkins sold 2,761 shares of Workiva stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $74.60, for a total transaction 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. The trade was a 5.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.86% of the stock is owned by corporate insiders.

Workiva Stock Up 0.4 %

Shares of NYSE:WK opened at $98.73 on Wednesday. The stock's 50-day moving average price is $83.03 and its 200-day moving average price is $78.18. Workiva Inc. has a 12-month low of $65.47 and a 12-month high of $105.00.

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.