CANADA LIFE ASSURANCE Co Sells 11,100 Shares of Workiva Inc. (NYSE:WK)

CANADA LIFE ASSURANCE Co cut its holdings in shares of Workiva Inc. (NYSE:WK - Free Report) by 14.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,877 shares of the software maker's stock after selling 11,100 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.12% of Workiva worth $6,994,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Twin Tree Management LP bought a new position in Workiva during the 4th quarter worth $25,000. EverSource Wealth Advisors LLC lifted its stake in shares of 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 acquiring an additional 879 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of 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 acquiring an additional 116 shares during the period. Truist Financial Corp bought a new stake in Workiva in the fourth quarter valued at approximately $211,000. Finally, Heartwood Wealth Advisors LLC acquired a new stake in Workiva during the 4th quarter valued at approximately $219,000. Institutional investors and hedge funds own 92.21% of the company's stock.

Analysts Set New Price Targets

WK has been the topic of a number of research analyst reports. Stifel Nicolaus cut their price target on shares of Workiva from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. BNP Paribas started coverage on shares of Workiva in a research note on Tuesday. They issued an "outperform" rating and a $100.00 price objective for the company. Raymond James raised shares of Workiva from a "market perform" rating to an "outperform" rating and set a $135.00 target price on the stock in a research note on Friday, January 3rd. Stephens assumed coverage on shares of Workiva in a research note on Wednesday, March 19th. They issued an "overweight" rating and a $111.00 price target for the company. Finally, Citigroup raised their target price on Workiva from $128.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $112.90.

Workiva Stock Up 1.2 %

NYSE:WK traded up $0.87 during trading hours on Friday, hitting $73.51. 269,461 shares of the company traded hands, compared to its average volume of 495,194. The company has a market cap of $4.13 billion, a PE ratio of -79.90 and a beta of 1.02. The firm's 50-day simple moving average is $78.64 and its 200-day simple moving average is $90.86. Workiva Inc. has a one year low of $60.50 and a one year high of $116.83.

Insider Activity at Workiva

In other Workiva news, CAO Brandon Ziegler sold 4,115 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $85.72, for a total transaction of $352,737.80. Following the completion of the transaction, the chief accounting officer now directly owns 103,509 shares of the company's stock, valued at approximately $8,872,791.48. This represents a 3.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert H. Herz sold 1,000 shares of the business's stock in a transaction 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 completion of the sale, the director now owns 34,084 shares in the company, valued at approximately $3,023,250.80. The trade was a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,129 shares of company stock valued at $1,807,333. 3.86% of the stock is owned by insiders.

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.