Thrivent Financial for Lutherans Has $17.43 Million Stake in Workiva Inc. (NYSE:WK)

Thrivent Financial for Lutherans trimmed its position in Workiva Inc. (NYSE:WK - Free Report) by 60.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor 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 and other institutional investors have also recently bought and sold shares of WK. Principal Financial Group Inc. increased its holdings in shares of Workiva by 2.0% in the 2nd quarter. Principal Financial Group Inc. now owns 6,823 shares of the software maker's stock worth $498,000 after acquiring an additional 137 shares during the period. Quarry LP grew its position in Workiva by 57.8% in the 2nd quarter. Quarry LP now owns 453 shares of the software maker's stock worth $33,000 after purchasing an additional 166 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of Workiva by 8.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker's stock valued at $171,000 after purchasing an additional 179 shares during the period. Xponance Inc. boosted its position in shares of Workiva by 6.0% during the second quarter. Xponance Inc. now owns 3,195 shares of the software maker's stock worth $233,000 after buying an additional 182 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its position in shares of Workiva by 3.9% during the second quarter. Crossmark Global Holdings Inc. now owns 4,910 shares of the software maker's stock worth $358,000 after buying an additional 183 shares during the period. 92.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Activity at Workiva

In related news, EVP Michael D. Hawkins sold 2,761 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $74.60, for a total transaction of $205,970.60. Following the completion of the sale, the executive vice president now directly owns 49,887 shares in the company, valued at approximately $3,721,570.20. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.86% of the stock is owned by insiders.

Workiva Stock Up 2.5 %

NYSE:WK traded up $2.35 during trading hours on Thursday, reaching $94.53. 214,370 shares of the company's stock were exchanged, compared to its average volume of 376,625. The company has a market capitalization of $5.24 billion, a P/E ratio of -102.75 and a beta of 1.05. Workiva Inc. has a 12 month low of $65.47 and a 12 month high of $105.00. The business's 50-day simple moving average is $82.16 and its two-hundred day simple moving average is $78.02.

About Workiva

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.