Insider Selling: Workiva Inc. (NYSE:WK) EVP Sells 10,421 Shares of Stock

Workiva Inc. (NYSE:WK - Get Free Report) EVP Michael D. Hawkins sold 10,421 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $85.43, for a total value of $890,266.03. Following the completion of the transaction, the executive vice president now directly owns 61,298 shares in the company, valued at $5,236,688.14. The trade was a 14.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Workiva Trading Down 0.5 %

Workiva stock traded down $0.46 during mid-day trading on Tuesday, hitting $84.65. The stock had a trading volume of 169,082 shares, compared to its average volume of 418,920. The firm's 50 day moving average is $98.88 and its 200 day moving average is $91.42. The firm has a market capitalization of $4.69 billion, a P/E ratio of -91.48 and a beta of 1.09. Workiva Inc. has a one year low of $65.47 and a one year high of $116.83.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on WK shares. Stifel Nicolaus dropped their price objective on shares of Workiva from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. BMO Capital Markets dropped 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. Citigroup boosted their price objective on shares of Workiva from $128.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Raymond James raised 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. Finally, The Goldman Sachs Group boosted their price target on Workiva from $120.00 to $133.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $121.57.

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Institutional Trading of Workiva

Institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Workiva in the fourth quarter worth $59,676,000. Nordea Investment Management AB bought a new position in shares of Workiva during the 4th quarter valued at approximately $59,894,000. Groupama Asset Managment bought a new position in shares of Workiva in the 3rd quarter valued at about $381,000. Arrowstreet Capital Limited Partnership purchased a new stake in Workiva during the fourth quarter valued at approximately $51,353,000. Finally, Point72 Asset Management L.P. purchased a new stake in Workiva during the fourth quarter valued at approximately $32,863,000. Hedge funds and other institutional investors own 92.21% of the company's stock.

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.