TimesSquare Capital Management LLC Purchases 19,095 Shares of Workiva Inc. (NYSE:WK)

TimesSquare Capital Management LLC boosted its stake in shares of Workiva Inc. (NYSE:WK - Free Report) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 467,769 shares of the software maker's stock after acquiring an additional 19,095 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.85% of Workiva worth $37,010,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WK. V Square Quantitative Management LLC acquired a new stake in Workiva in the third quarter worth about $28,000. Quarry LP raised its stake in shares of Workiva by 57.8% during the second quarter. Quarry LP now owns 453 shares of the software maker's stock worth $33,000 after buying an additional 166 shares during the last quarter. EntryPoint Capital LLC acquired a new position in Workiva in the first quarter valued at approximately $40,000. Point72 Hong Kong Ltd acquired a new position in Workiva in the second quarter valued at approximately $62,000. Finally, Headlands Technologies LLC boosted its stake in Workiva by 896.0% in the second quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker's stock valued at $128,000 after acquiring an additional 1,577 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WK. Robert W. Baird increased their price target on shares of Workiva from $94.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday. Stifel Nicolaus lifted 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. BMO Capital Markets boosted their price target on shares of Workiva from $96.00 to $104.00 and gave the company an "outperform" rating in a report on Thursday. Northland Securities dropped their price objective on Workiva from $106.00 to $95.00 and set an "outperform" rating on the stock in a research note on Friday, August 2nd. Finally, StockNews.com cut Workiva from a "buy" rating to a "hold" rating in a research note on Saturday, August 3rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $103.20.

Workiva Trading Up 3.6 %

Shares of WK stock traded up $3.26 on Friday, hitting $94.75. 806,193 shares of the stock were exchanged, compared to its average volume of 325,922. The firm has a market capitalization of $5.23 billion, a P/E ratio of -102.99 and a beta of 1.05. Workiva Inc. has a fifty-two week low of $65.47 and a fifty-two week high of $105.00. The business has a 50-day moving average of $78.71 and a 200 day moving average of $77.23.

Insider Activity

In other news, EVP Michael D. Hawkins sold 2,761 shares of the 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 completion of the transaction, the executive vice president now directly owns 49,887 shares in the company, valued at $3,721,570.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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.