Zurcher Kantonalbank Zurich Cantonalbank Has $1.39 Million Stock Position in Workiva Inc. (NYSE:WK)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of Workiva Inc. (NYSE:WK - Free Report) by 97.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,683 shares of the software maker's stock after selling 447,873 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Workiva were worth $1,389,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Dorsey & Whitney Trust CO LLC raised its holdings in shares of Workiva by 1.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 27,170 shares of the software maker's stock worth $2,975,000 after purchasing an additional 383 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Workiva by 5.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,296 shares of the software maker's stock worth $580,000 after purchasing an additional 267 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Workiva in the 4th quarter worth about $5,758,000. Arizona State Retirement System increased its holdings in shares of Workiva by 1.6% in the 4th quarter. Arizona State Retirement System now owns 14,170 shares of the software maker's stock worth $1,552,000 after acquiring an additional 224 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Workiva by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 427,405 shares of the software maker's stock worth $46,801,000 after acquiring an additional 3,623 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Insider Buying and Selling at Workiva

In other news, CFO Jill Klindt sold 5,593 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were 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 owns 119,054 shares in the company, valued at approximately $10,124,352.16. This trade represents a 4.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 shares were sold at an average price of $88.70, for a total transaction of $88,700.00. Following the transaction, the director now owns 34,084 shares of the company's stock, valued at approximately $3,023,250.80. This trade represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,129 shares of company stock valued at $1,807,333. Company insiders own 3.86% of the company's stock.

Workiva Stock Down 1.0 %

Workiva stock traded down $0.88 during trading hours on Friday, hitting $87.28. 694,420 shares of the company traded hands, compared to its average volume of 423,901. The firm has a market cap of $4.90 billion, a P/E ratio of -94.87 and a beta of 1.09. The firm's 50-day simple moving average is $94.33 and its two-hundred day simple moving average is $91.82. Workiva Inc. has a 1-year low of $65.47 and a 1-year high of $116.83.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Robert W. Baird increased their price objective on shares of Workiva from $110.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. BMO Capital Markets dropped their price objective on shares of Workiva from $120.00 to $108.00 and set an "outperform" 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 price objective on the stock in a report on Friday, January 3rd. Citigroup increased their price objective on shares of Workiva from $128.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Finally, 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. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $120.25.

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.