Workiva Inc. (NYSE:WK) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Workiva Inc. (NYSE:WK - Get Free Report) have earned an average rating of "Moderate Buy" from the six research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $103.20.

A number of brokerages have weighed in on WK. StockNews.com lowered Workiva from a "buy" rating to a "hold" rating in a research note on Saturday, August 3rd. Northland Securities cut their target price on Workiva from $106.00 to $95.00 and set an "outperform" rating on the stock in a research report on Friday, August 2nd. Stifel Nicolaus increased their target price on Workiva from $85.00 to $102.00 and gave the stock a "hold" rating in a research report on Thursday, November 7th. Robert W. Baird increased their target price on Workiva from $94.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Finally, BMO Capital Markets increased their target price on Workiva from $96.00 to $104.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th.

Workiva Trading Up 0.8 %

Shares of Workiva stock traded up $0.75 during trading hours on Friday, reaching $95.62. 482,105 shares of the company's stock were exchanged, compared to its average volume of 377,089. Workiva has a 52-week low of $65.47 and a 52-week high of $105.00. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of -103.93 and a beta of 1.05. The company has a fifty day moving average of $82.16 and a 200-day moving average of $78.02.

Insider Buying and Selling at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 2,761 shares of the firm's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $74.60, for a total value of $205,970.60. Following the transaction, the executive vice president now directly owns 49,887 shares of the company's stock, valued at $3,721,570.20. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.86% of the stock is currently owned by corporate insiders.

Institutional Trading of Workiva

Several large investors have recently modified their holdings of WK. Groupama Asset Managment acquired a new stake in shares of Workiva during the third quarter valued at about $381,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Workiva during the third quarter valued at about $18,000,000. Janus Henderson Group PLC grew its stake in Workiva by 839.8% in the third quarter. Janus Henderson Group PLC now owns 213,831 shares of the software maker's stock worth $16,919,000 after purchasing an additional 191,078 shares in the last quarter. Swedbank AB acquired a new position in Workiva in the first quarter worth about $16,180,000. Finally, Vanguard Group Inc. grew its stake in Workiva by 3.6% in the first quarter. Vanguard Group Inc. now owns 5,185,929 shares of the software maker's stock worth $439,767,000 after purchasing an additional 181,520 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

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.