Workiva Inc. (NYSE:WK) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its position in Workiva Inc. (NYSE:WK - Free Report) by 345.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 92,451 shares of the software maker's stock after purchasing an additional 71,719 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.17% of Workiva worth $7,315,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its position in Workiva by 2.0% during the second quarter. Principal Financial Group Inc. now owns 6,823 shares of the software maker's stock worth $498,000 after buying an additional 137 shares in the last quarter. Quarry LP increased its stake in shares of Workiva by 57.8% in the 2nd quarter. Quarry LP now owns 453 shares of the software maker's stock worth $33,000 after acquiring an additional 166 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Workiva by 8.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker's stock worth $171,000 after acquiring an additional 179 shares during the period. Xponance Inc. boosted its position in shares of Workiva by 6.0% during the 2nd quarter. Xponance Inc. now owns 3,195 shares of the software maker's stock valued at $233,000 after acquiring an additional 182 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Workiva by 3.9% in the second quarter. Crossmark Global Holdings Inc. now owns 4,910 shares of the software maker's stock valued at $358,000 after purchasing an additional 183 shares during the period. Institutional investors and hedge funds own 92.21% of the company's stock.

Insider Activity at Workiva

In other news, EVP Michael D. Hawkins sold 2,761 shares of the company's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $74.60, for a total transaction of $205,970.60. Following the sale, the executive vice president now owns 49,887 shares of the company's stock, valued at approximately $3,721,570.20. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.86% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on WK shares. StockNews.com lowered shares of Workiva from a "buy" rating to a "hold" rating in a report on Saturday, August 3rd. Stifel Nicolaus upped their price objective on Workiva from $85.00 to $102.00 and gave the company a "hold" rating in a report on Thursday, November 7th. BMO Capital Markets raised their target price on Workiva from $96.00 to $104.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Robert W. Baird lifted their target price on Workiva from $94.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Finally, Northland Securities lowered their price target on Workiva from $106.00 to $95.00 and set an "outperform" rating for the company in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.20.

Workiva Stock Up 0.8 %

NYSE WK traded up $0.75 on Friday, reaching $95.62. The stock had a trading volume of 482,115 shares, compared to its average volume of 433,701. The stock has a fifty day moving average price of $82.57 and a two-hundred day moving average price of $78.11. Workiva Inc. has a 12-month low of $65.47 and a 12-month 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.

Workiva 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.