Workiva (WK) to Release Earnings on Thursday

Workiva (NYSE:WK - Get Free Report) is projected to release its Q1 2025 earnings data after the market closes on Thursday, May 1st. Analysts expect the company to announce earnings of $0.07 per share and revenue of $204.24 million for the quarter.

Workiva Price Performance

WK traded up $0.87 during trading hours on Friday, reaching $73.51. The company's stock had a trading volume of 269,461 shares, compared to its average volume of 496,365. The business's 50-day moving average is $78.64 and its 200-day moving average is $90.94. The stock has a market cap of $4.13 billion, a PE ratio of -79.90 and a beta of 1.02. Workiva has a fifty-two week low of $60.50 and a fifty-two week high of $116.83.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WK. The Goldman Sachs Group cut their price objective on Workiva from $118.00 to $105.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Stifel Nicolaus reduced their price target on shares of Workiva from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Truist Financial lowered their price objective on shares of Workiva from $120.00 to $95.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Citigroup boosted their target price on Workiva from $128.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Finally, Raymond James raised Workiva from a "market perform" rating to an "outperform" rating and set a $135.00 price objective for the company in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Workiva has an average rating of "Moderate Buy" and a consensus target price of $112.90.

Insider Activity

In other news, CFO Jill Klindt sold 5,593 shares of the company's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $85.04, for a total transaction of $475,628.72. Following the completion of the transaction, the chief financial officer now directly owns 119,054 shares of the company's stock, valued at approximately $10,124,352.16. This represents a 4.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Brandon Ziegler sold 4,115 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $85.72, for a total value of $352,737.80. Following the completion of the transaction, the chief accounting officer now owns 103,509 shares in the company, valued at approximately $8,872,791.48. The trade was a 3.82 % decrease in their position. 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. 3.86% of the stock is currently owned by company 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.