Workiva Inc. (NYSE:WK) Director Robert H. Herz Sells 1,000 Shares

Workiva Inc. (NYSE:WK - Get Free Report) Director Robert H. Herz sold 1,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $88.70, for a total value of $88,700.00. Following the sale, the director now directly owns 34,084 shares of the company's stock, valued at approximately $3,023,250.80. This trade represents a 2.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Workiva Price Performance

Shares of Workiva stock traded down $1.11 during trading on Tuesday, hitting $87.46. 519,747 shares of the company's stock traded hands, compared to its average volume of 421,189. Workiva Inc. has a 1 year low of $65.47 and a 1 year high of $116.83. The stock has a market capitalization of $4.91 billion, a P/E ratio of -95.07 and a beta of 1.09. The business has a 50-day simple moving average of $96.03 and a 200-day simple moving average of $91.73.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WK. Raymond James raised Workiva from a "market perform" rating to an "outperform" rating and set a $135.00 price objective for the company in a research note on Friday, January 3rd. The Goldman Sachs Group upped their target price on Workiva from $120.00 to $133.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Stifel Nicolaus decreased their price objective on Workiva from $130.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Robert W. Baird raised their price target on Workiva from $110.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Finally, Citigroup raised their price target on Workiva from $128.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Workiva presently has a consensus rating of "Moderate Buy" and a consensus price target of $121.57.

Remove Ads

Institutional Investors Weigh In On Workiva

Institutional investors have recently modified their holdings of the business. Twin Tree Management LP purchased a new position in Workiva in the fourth quarter worth about $25,000. Johnson Financial Group Inc. purchased a new position in Workiva in the fourth quarter worth about $66,000. GeoWealth Management LLC boosted its position in Workiva by 3,010.0% in the fourth quarter. GeoWealth Management LLC now owns 622 shares of the software maker's stock worth $68,000 after purchasing an additional 602 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Workiva by 14,650.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 885 shares of the software maker's stock worth $97,000 after purchasing an additional 879 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Workiva by 8.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker's stock worth $159,000 after purchasing an additional 116 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

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.