Workiva (NYSE:WK) Price Target Lowered to $95.00 at Truist Financial

Workiva (NYSE:WK - Free Report) had its price target decreased by Truist Financial from $120.00 to $95.00 in a report released on Monday,Benzinga reports. Truist Financial currently has a buy rating on the software maker's stock.

Other research analysts have also issued reports about the company. Citigroup increased their price objective on Workiva from $128.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Stephens started coverage on shares of Workiva in a report on Wednesday, March 19th. They issued an "overweight" rating and a $111.00 price target on the stock. Robert W. Baird lifted their price objective on shares of Workiva from $110.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. The Goldman Sachs Group cut their price objective on shares of Workiva from $132.00 to $118.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Finally, BMO Capital Markets decreased their target price on shares of Workiva from $120.00 to $108.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Workiva has an average rating of "Moderate Buy" and an average target price of $115.78.

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Workiva Stock Down 0.4 %

Shares of Workiva stock traded down $0.30 on Monday, reaching $66.29. The stock had a trading volume of 774,942 shares, compared to its average volume of 486,753. The company has a 50 day moving average price of $83.68 and a 200 day moving average price of $91.57. The stock has a market capitalization of $3.72 billion, a P/E ratio of -72.06 and a beta of 1.02. Workiva has a 1 year low of $60.50 and a 1 year high of $116.83.

Insider Transactions at Workiva

In other Workiva news, CAO Brandon Ziegler sold 4,115 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $85.72, for a total transaction of $352,737.80. Following the completion of the sale, the chief accounting officer now owns 103,509 shares of the company's stock, valued at $8,872,791.48. This trade represents a 3.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert H. Herz sold 1,000 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $88.70, for a total transaction of $88,700.00. Following the completion of the transaction, the director now directly owns 34,084 shares in the company, valued at $3,023,250.80. The trade was a 2.85 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,129 shares of company stock valued at $1,807,333. Corporate insiders own 3.86% of the company's stock.

Institutional Trading of Workiva

Several hedge funds have recently made changes to their positions in WK. Vanguard Group Inc. raised its holdings in Workiva by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 5,800,074 shares of the software maker's stock valued at $635,108,000 after acquiring an additional 70,820 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Workiva by 10.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,148,021 shares of the software maker's stock worth $235,209,000 after purchasing an additional 200,220 shares during the last quarter. Conestoga Capital Advisors LLC boosted its position in shares of Workiva by 13.7% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,165,019 shares of the software maker's stock worth $127,570,000 after acquiring an additional 140,310 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Workiva by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,144,826 shares of the software maker's stock valued at $90,597,000 after acquiring an additional 35,029 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Workiva by 3.0% during the 4th quarter. First Trust Advisors LP now owns 824,219 shares of the software maker's stock worth $90,252,000 after acquiring an additional 24,172 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

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.