Mirabella Financial Services LLP Raises Position in Workiva Inc. (NYSE:WK)

Mirabella Financial Services LLP raised its position in shares of Workiva Inc. (NYSE:WK - Free Report) by 515.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,302 shares of the software maker's stock after buying an additional 60,553 shares during the quarter. Mirabella Financial Services LLP owned about 0.13% of Workiva worth $5,559,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. V Square Quantitative Management LLC bought a new position in shares of Workiva in the third quarter worth approximately $28,000. Quarry LP boosted its holdings in Workiva by 57.8% during the 2nd quarter. Quarry LP now owns 453 shares of the software maker's stock valued at $33,000 after acquiring an additional 166 shares during the period. EntryPoint Capital LLC bought a new position in shares of Workiva in the first quarter worth about $40,000. Point72 Hong Kong Ltd purchased a new stake in shares of Workiva in the second quarter valued at approximately $62,000. Finally, Headlands Technologies LLC raised its holdings in shares of Workiva by 896.0% in the 2nd quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker's stock valued at $128,000 after purchasing an additional 1,577 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Workiva Price Performance

Workiva stock traded up $2.79 during mid-day trading on Monday, reaching $98.41. 615,210 shares of the stock traded hands, compared to its average volume of 378,133. The stock has a market capitalization of $5.45 billion, a PE ratio of -106.92 and a beta of 1.05. The business's 50-day moving average is $82.57 and its 200-day moving average is $78.07. Workiva Inc. has a 12-month low of $65.47 and a 12-month high of $105.00.

Wall Street Analyst Weigh In

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

Insider Activity at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 2,761 shares of the company's stock in a transaction that occurred on 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 represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.86% of the stock is owned by corporate insiders.

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.