Vontobel Holding Ltd. Has $1.33 Million Stock Holdings in Workiva Inc. (NYSE:WK)

Vontobel Holding Ltd. lessened its stake in Workiva Inc. (NYSE:WK - Free Report) by 24.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,185 shares of the software maker's stock after selling 3,909 shares during the period. Vontobel Holding Ltd.'s holdings in Workiva were worth $1,334,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Creative Planning lifted its position in Workiva by 73.5% during the 3rd quarter. Creative Planning now owns 11,929 shares of the software maker's stock valued at $944,000 after purchasing an additional 5,053 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Workiva during the third quarter worth approximately $28,000. International Assets Investment Management LLC lifted its holdings in Workiva by 6,373.4% in the third quarter. International Assets Investment Management LLC now owns 9,257 shares of the software maker's stock valued at $732,000 after buying an additional 9,114 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Workiva by 435.5% in the third quarter. Assenagon Asset Management S.A. now owns 145,384 shares of the software maker's stock valued at $11,503,000 after buying an additional 118,234 shares during the period. Finally, Mount Yale Investment Advisors LLC boosted its stake in Workiva by 25.0% in the third quarter. Mount Yale Investment Advisors LLC now owns 3,685 shares of the software maker's stock valued at $292,000 after acquiring an additional 736 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Stifel Nicolaus upgraded shares of Workiva from a "hold" rating to a "buy" rating and upped their target price for the company from $102.00 to $130.00 in a research report on Wednesday, December 18th. BMO Capital Markets upped their price objective on Workiva from $96.00 to $104.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Raymond James upgraded Workiva from a "market perform" rating to an "outperform" rating and set a $135.00 target price on the stock in a report on Friday, January 3rd. The Goldman Sachs Group boosted their target price on Workiva from $120.00 to $133.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Finally, Robert W. Baird increased their price target on shares of Workiva from $110.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Workiva presently has an average rating of "Moderate Buy" and a consensus target price of $122.14.

Workiva Stock Down 2.3 %

Shares of WK traded down $2.03 on Friday, hitting $84.52. The company's stock had a trading volume of 447,674 shares, compared to its average volume of 658,958. The firm's fifty day moving average price is $103.78 and its 200-day moving average price is $90.47. Workiva Inc. has a fifty-two week low of $65.47 and a fifty-two week high of $116.83. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of -91.87 and a beta of 1.06.

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.