Vanguard Group Inc. Has $635.11 Million Position in Workiva Inc. (NYSE:WK)

Vanguard Group Inc. lifted its holdings in shares of Workiva Inc. (NYSE:WK - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,800,074 shares of the software maker's stock after purchasing an additional 70,820 shares during the period. Vanguard Group Inc. owned about 10.47% of Workiva worth $635,108,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in Workiva by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 423,782 shares of the software maker's stock valued at $33,530,000 after buying an additional 6,422 shares during the period. Verition Fund Management LLC increased its holdings in shares of Workiva by 241.4% during the 3rd quarter. Verition Fund Management LLC now owns 20,461 shares of the software maker's stock worth $1,619,000 after buying an additional 14,467 shares during the last quarter. Benjamin Edwards Inc. raised its position in shares of Workiva by 238.6% in the 3rd quarter. Benjamin Edwards Inc. now owns 3,247 shares of the software maker's stock worth $257,000 after buying an additional 2,288 shares during the period. Janus Henderson Group PLC grew its position in Workiva by 839.8% during the third quarter. Janus Henderson Group PLC now owns 213,831 shares of the software maker's stock valued at $16,919,000 after acquiring an additional 191,078 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Workiva during the third quarter worth about $18,000,000. Hedge funds and other institutional investors own 92.21% of the company's stock.

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Workiva Stock Down 6.6 %

NYSE WK traded down $4.59 on Friday, hitting $64.66. The stock had a trading volume of 90,286 shares, compared to its average volume of 462,286. The company's 50-day moving average is $89.03 and its two-hundred day moving average is $92.22. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of -70.20 and a beta of 1.02. Workiva Inc. has a one year low of $64.43 and a one year high of $116.83.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Raymond James raised shares of Workiva from a "market perform" rating to an "outperform" rating and set a $135.00 target price for the company in a research report on Friday, January 3rd. The Goldman Sachs Group decreased their price target on shares of Workiva from $132.00 to $118.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Robert W. Baird boosted their price objective on Workiva from $110.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Citigroup increased their target price on Workiva from $128.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Finally, Stephens assumed coverage on Workiva in a report on Wednesday, March 19th. They issued an "overweight" rating and a $111.00 price target for the company. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Workiva has a consensus rating of "Moderate Buy" and an average target price of $118.38.

Insider Transactions at Workiva

In other news, CAO Brandon Ziegler sold 4,115 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $85.72, for a total transaction of $352,737.80. Following the completion of the transaction, the chief accounting officer now owns 103,509 shares in the company, valued at approximately $8,872,791.48. This trade represents a 3.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Michael D. Hawkins sold 10,421 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $85.43, for a total transaction of $890,266.03. Following the sale, the executive vice president now directly owns 61,298 shares of the company's stock, valued at approximately $5,236,688.14. This represents a 14.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 21,129 shares of company stock valued at $1,807,333. Company insiders own 3.86% of the company's stock.

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.