Workiva Inc. (NYSE:WK) EVP Michael D. Hawkins Sells 3,435 Shares

Workiva Inc. (NYSE:WK) EVP Michael D. Hawkins sold 3,435 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $81.46, for a total value of $279,815.10. Following the completion of the sale, the executive vice president now directly owns 55,487 shares of the company’s stock, valued at approximately $4,519,971.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Workiva Stock Down 0.3 %

NYSE:WK opened at $82.26 on Friday. The company has a 50-day moving average price of $81.99 and a 200-day moving average price of $89.98. Workiva Inc. has a 12 month low of $76.63 and a 12 month high of $116.00.

Workiva (NYSE:WK) last issued its quarterly earnings data on Tuesday, February 20th. The software maker reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.10. The company had revenue of $166.65 million during the quarter, compared to analysts’ expectations of $164.44 million. Research analysts forecast that Workiva Inc. will post -0.62 earnings per share for the current year.

Institutional Investors Weigh In On Workiva

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Workiva during the fourth quarter worth about $57,025,000. Loomis Sayles & Co. L P grew its stake in shares of Workiva by 159.1% in the 3rd quarter. Loomis Sayles & Co. L P now owns 683,418 shares of the software maker’s stock worth $69,257,000 after buying an additional 419,640 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new position in Workiva during the 4th quarter valued at approximately $36,581,000. Brown Capital Management LLC boosted its holdings in Workiva by 22.6% in the fourth quarter. Brown Capital Management LLC now owns 1,271,707 shares of the software maker’s stock worth $129,116,000 after acquiring an additional 234,255 shares in the last quarter. Finally, Conestoga Capital Advisors LLC grew its stake in shares of Workiva by 21.4% in the first quarter. Conestoga Capital Advisors LLC now owns 1,156,215 shares of the software maker’s stock worth $98,047,000 after acquiring an additional 203,485 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. William Blair reissued an “outperform” rating on shares of Workiva in a research note on Friday, May 3rd. BMO Capital Markets dropped their price objective on Workiva from $123.00 to $113.00 and set an “outperform” rating for the company in a research note on Wednesday, February 21st. Stifel Nicolaus lowered their price target on shares of Workiva from $92.00 to $85.00 and set a “hold” rating for the company in a report on Wednesday, February 21st. Finally, Citigroup cut their price target on shares of Workiva from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $111.86.

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.