Versor Investments LP Invests $1.22 Million in Workiva Inc. (NYSE:WK)

Versor Investments LP bought a new position in Workiva Inc. (NYSE:WK - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 15,382 shares of the software maker's stock, valued at approximately $1,217,000.

Several other large investors also recently added to or reduced their stakes in WK. V Square Quantitative Management LLC bought a new stake in shares of Workiva in the 3rd quarter worth about $28,000. Quarry LP grew its holdings in shares of 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. EntryPoint Capital LLC bought a new stake in shares of Workiva in the 1st quarter worth about $40,000. Point72 Hong Kong Ltd bought a new stake in shares of Workiva in the 2nd quarter worth about $62,000. Finally, Headlands Technologies LLC grew its holdings in shares of Workiva by 896.0% in the 2nd quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker's stock worth $128,000 after purchasing an additional 1,577 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

Workiva Trading Down 2.2 %

Shares of NYSE:WK traded down $2.09 during mid-day trading on Tuesday, reaching $92.27. The stock had a trading volume of 436,398 shares, compared to its average volume of 375,899. The firm has a market cap of $5.10 billion, a PE ratio of -102.58 and a beta of 1.05. The firm has a 50 day simple moving average of $79.03 and a two-hundred day simple moving average of $77.31. Workiva Inc. has a twelve month low of $65.47 and a twelve month high of $105.00.

Insiders Place Their Bets

In other news, EVP Michael D. Hawkins sold 2,761 shares of Workiva stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $74.60, for a total value of $205,970.60. Following the sale, the executive vice president now directly owns 49,887 shares in the company, valued at $3,721,570.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.86% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on WK. Robert W. Baird upped their target price 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 lowered shares of Workiva from a "buy" rating to a "hold" rating in a report on Saturday, August 3rd. Northland Securities reduced 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 raised their target price on shares of Workiva from $96.00 to $104.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus raised their target price on shares of Workiva from $85.00 to $102.00 and gave the company a "hold" rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Workiva currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.20.

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.