Workiva (NYSE:WK - Get Free Report) had its price objective hoisted by equities researchers at The Goldman Sachs Group from $120.00 to $133.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the software maker's stock. The Goldman Sachs Group's price target indicates a potential upside of 21.13% from the stock's previous close.
A number of other equities analysts also recently commented on WK. Raymond James upgraded shares of Workiva from a "market perform" rating to an "outperform" rating and set a $135.00 price objective for the company in a research report on Friday, January 3rd. Stifel Nicolaus upgraded shares of Workiva from a "hold" rating to a "buy" rating and raised their price objective for the company from $102.00 to $130.00 in a research report on Wednesday, December 18th. Citigroup lifted their price objective on Workiva from $116.00 to $128.00 and gave the company a "buy" rating in a report on Monday, December 16th. 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 note on Thursday, November 7th. Finally, Robert W. Baird lifted their price target on Workiva from $110.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $122.14.
Get Our Latest Stock Analysis on WK
Workiva Price Performance
Shares of NYSE:WK traded up $3.93 during trading on Tuesday, reaching $109.80. The company had a trading volume of 527,301 shares, compared to its average volume of 475,325. The stock's fifty day moving average price is $102.21 and its 200 day moving average price is $85.37. Workiva has a fifty-two week low of $65.47 and a fifty-two week high of $116.83. The firm has a market capitalization of $6.08 billion, a price-to-earnings ratio of -119.35 and a beta of 1.07.
Institutional Trading of Workiva
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WK. Quarry LP increased its stake in Workiva by 57.8% in the second quarter. Quarry LP now owns 453 shares of the software maker's stock valued at $33,000 after purchasing an additional 166 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in Workiva by 8.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker's stock valued at $171,000 after buying an additional 179 shares during the period. Xponance Inc. increased its stake 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. Park Avenue Securities LLC lifted its holdings in shares of Workiva by 4.5% during the 4th quarter. Park Avenue Securities LLC now owns 4,561 shares of the software maker's stock worth $499,000 after acquiring an additional 198 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Workiva by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 17,868 shares of the software maker's stock worth $1,304,000 after acquiring an additional 259 shares during the period. Hedge funds and other institutional investors own 92.21% of the company's stock.
About Workiva
(
Get Free Report)
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.
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