Workiva Inc. (NYSE:WK) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its holdings in Workiva Inc. (NYSE:WK - Free Report) by 60.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 220,284 shares of the software maker's stock after selling 338,334 shares during the period. Thrivent Financial for Lutherans owned 0.40% of Workiva worth $17,429,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in WK. Vanguard Group Inc. increased its position in shares of Workiva by 3.6% during the first quarter. Vanguard Group Inc. now owns 5,185,929 shares of the software maker's stock valued at $439,767,000 after acquiring an additional 181,520 shares during the last quarter. Conestoga Capital Advisors LLC increased its holdings in Workiva by 2.8% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,188,445 shares of the software maker's stock valued at $86,745,000 after purchasing an additional 32,230 shares during the last quarter. TimesSquare Capital Management LLC raised its position in Workiva by 4.3% in the third quarter. TimesSquare Capital Management LLC now owns 467,769 shares of the software maker's stock valued at $37,010,000 after purchasing an additional 19,095 shares during the period. Bank of New York Mellon Corp lifted its stake in Workiva by 14.3% during the second quarter. Bank of New York Mellon Corp now owns 392,951 shares of the software maker's stock worth $28,682,000 after purchasing an additional 49,222 shares in the last quarter. Finally, William Blair Investment Management LLC grew its stake in shares of Workiva by 8.3% in the second quarter. William Blair Investment Management LLC now owns 377,832 shares of the software maker's stock valued at $27,578,000 after buying an additional 29,005 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Workiva Stock Up 0.3 %

Shares of WK stock traded up $0.27 during mid-day trading on Thursday, hitting $92.45. The stock had a trading volume of 3,159 shares, compared to its average volume of 375,151. Workiva Inc. has a fifty-two week low of $65.47 and a fifty-two 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 Analysts Forecast Growth

WK has been the topic of a number of recent research reports. Northland Securities cut their target price on shares of Workiva from $106.00 to $95.00 and set an "outperform" rating on the stock in a research note on Friday, August 2nd. BMO Capital Markets boosted their target price 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. StockNews.com cut Workiva from a "buy" rating to a "hold" rating in a research note on Saturday, August 3rd. Robert W. Baird boosted their price objective on Workiva from $94.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus lifted their target price on shares of Workiva from $85.00 to $102.00 and gave the company a "hold" rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $103.20.

Insider Buying and Selling

In related news, EVP Michael D. Hawkins sold 2,761 shares of the company's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $74.60, for a total transaction of $205,970.60. Following the transaction, the executive vice president now owns 49,887 shares of the company's stock, valued at $3,721,570.20. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.86% of the stock is currently 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.