William Blair Investment Management LLC increased its stake in shares of Workiva Inc. (NYSE:WK - Free Report) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 445,628 shares of the software maker's stock after buying an additional 49,549 shares during the quarter. William Blair Investment Management LLC owned about 0.80% of Workiva worth $48,796,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its position in Workiva by 141.6% in the fourth quarter. SG Americas Securities LLC now owns 9,341 shares of the software maker's stock worth $1,023,000 after acquiring an additional 5,475 shares during the period. Mutual of America Capital Management LLC increased its position in shares of Workiva by 138.8% during the 3rd quarter. Mutual of America Capital Management LLC now owns 54,059 shares of the software maker's stock worth $4,277,000 after purchasing an additional 31,421 shares during the last quarter. Nordea Investment Management AB purchased a new stake in Workiva in the 4th quarter valued at about $59,894,000. GSA Capital Partners LLP purchased a new position in Workiva during the third quarter worth about $641,000. Finally, Advantage Alpha Capital Partners LP increased its position in shares of Workiva by 13.9% during the third quarter. Advantage Alpha Capital Partners LP now owns 87,472 shares of the software maker's stock valued at $6,921,000 after acquiring an additional 10,644 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.
Insider Transactions at Workiva
In related news, CAO Brandon Ziegler sold 4,115 shares of the stock in a transaction on 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 sale, the chief accounting officer now owns 103,509 shares in the company, valued at $8,872,791.48. This represents a 3.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert H. Herz sold 1,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $88.70, for a total value of $88,700.00. Following the completion of the transaction, the director now owns 34,084 shares in the company, valued at $3,023,250.80. This trade represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,129 shares of company stock worth $1,807,333. 3.86% of the stock is currently owned by insiders.
Workiva Stock Performance
Shares of NYSE:WK traded down $0.88 on Friday, hitting $87.28. 692,649 shares of the company's stock were exchanged, compared to its average volume of 668,240. Workiva Inc. has a 1-year low of $65.47 and a 1-year high of $116.83. The company has a market capitalization of $4.90 billion, a PE ratio of -94.87 and a beta of 1.09. The firm's 50-day moving average is $94.70 and its 200 day moving average is $91.76.
Analysts Set New Price Targets
A number of analysts have issued reports on WK shares. Stifel Nicolaus cut their target price on Workiva from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Citigroup raised their target price on Workiva from $128.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Robert W. Baird boosted their price target on shares of Workiva from $110.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. The Goldman Sachs Group raised their price objective on shares of Workiva from $120.00 to $133.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Finally, BMO Capital Markets reduced their target price on shares of Workiva from $120.00 to $108.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Workiva currently has an average rating of "Moderate Buy" and an average price target of $120.25.
Read Our Latest Stock Report on Workiva
Workiva Profile
(
Free Report)
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.
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