Workiva Inc. (NYSE:WK - Get Free Report) CFO Jill Klindt sold 5,593 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $85.04, for a total value of $475,628.72. Following the completion of the sale, the chief financial officer now directly owns 119,054 shares in the company, valued at $10,124,352.16. This trade represents a 4.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Workiva Stock Performance
Workiva stock traded down $0.46 on Tuesday, reaching $84.65. The company's stock had a trading volume of 169,082 shares, compared to its average volume of 418,920. The business's fifty day moving average price is $98.88 and its 200 day moving average price is $91.42. The company has a market cap of $4.69 billion, a price-to-earnings ratio of -91.48 and a beta of 1.09. Workiva Inc. has a twelve month low of $65.47 and a twelve month high of $116.83.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on WK shares. Raymond James raised Workiva from a "market perform" rating to an "outperform" rating and set a $135.00 price objective on the stock in a report on Friday, January 3rd. BMO Capital Markets decreased their price target on shares of Workiva from $120.00 to $108.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Stifel Nicolaus dropped their price objective on shares of Workiva from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. The Goldman Sachs Group lifted their target price on shares of Workiva from $120.00 to $133.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Finally, Citigroup upped their price target on Workiva from $128.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Workiva has an average rating of "Moderate Buy" and an average price target of $121.57.
Check Out Our Latest Report on Workiva
Hedge Funds Weigh In On Workiva
A number of large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC lifted its position in Workiva by 8.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker's stock valued at $159,000 after purchasing an additional 116 shares during the period. World Investment Advisors grew its stake in shares of Workiva by 2.7% during the fourth quarter. World Investment Advisors now owns 5,135 shares of the software maker's stock worth $562,000 after purchasing an additional 135 shares during the period. Park Avenue Securities LLC increased its holdings in Workiva by 4.5% in the fourth quarter. Park Avenue Securities LLC now owns 4,561 shares of the software maker's stock valued at $499,000 after purchasing an additional 198 shares during the last quarter. Arizona State Retirement System lifted its stake in Workiva by 1.6% in the fourth quarter. Arizona State Retirement System now owns 14,170 shares of the software maker's stock valued at $1,552,000 after buying an additional 224 shares during the period. Finally, Twin Tree Management LP bought a new position in Workiva during the fourth quarter worth about $25,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.
About Workiva
(
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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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