Workiva Inc. (NYSE:WK) Stock Holdings Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in shares of Workiva Inc. (NYSE:WK - Free Report) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 427,405 shares of the software maker's stock after acquiring an additional 3,623 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.77% of Workiva worth $46,801,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its holdings in shares of Workiva by 141.6% during the fourth quarter. SG Americas Securities LLC now owns 9,341 shares of the software maker's stock worth $1,023,000 after purchasing an additional 5,475 shares during the period. Mutual of America Capital Management LLC raised its holdings in shares of Workiva by 138.8% during the third quarter. Mutual of America Capital Management LLC now owns 54,059 shares of the software maker's stock worth $4,277,000 after purchasing an additional 31,421 shares during the period. Nordea Investment Management AB acquired a new stake in shares of Workiva during the fourth quarter worth $59,894,000. GSA Capital Partners LLP acquired a new stake in shares of Workiva during the third quarter worth $641,000. Finally, Impax Asset Management Group plc increased its holdings in shares of Workiva by 16.5% in the 3rd quarter. Impax Asset Management Group plc now owns 158,586 shares of the software maker's stock worth $12,547,000 after acquiring an additional 22,500 shares during the period. 92.21% of the stock is currently owned by institutional investors.

Workiva Stock Performance

Shares of NYSE:WK traded down $1.11 during trading hours 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 52 week low of $65.47 and a 52 week high of $116.83. The company's fifty day simple moving average is $96.03 and its two-hundred day simple moving average is $91.73. The company has a market cap of $4.91 billion, a price-to-earnings ratio of -95.07 and a beta of 1.09.

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Wall Street Analyst Weigh In

WK has been the topic of a number of analyst reports. 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. 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. Citigroup raised their target price on shares of Workiva from $128.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. The Goldman Sachs Group raised their target price on shares of Workiva from $120.00 to $133.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Finally, Robert W. Baird raised their target price on shares of Workiva from $110.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $121.57.

Insider Activity

In other Workiva news, EVP Michael D. Hawkins sold 10,421 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were 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. This trade represents a 14.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert H. Herz sold 1,000 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $88.70, for a total transaction of $88,700.00. Following the completion of the transaction, the director now owns 34,084 shares of the company's stock, 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. In the last quarter, insiders sold 21,129 shares of company stock worth $1,807,333. Corporate insiders own 3.86% of the company's stock.

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.