Workiva Inc. (NYSE:WK) has earned an average recommendation of “Hold” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $19.17.
A number of research firms have recently issued reports on WK. Credit Suisse Group lifted their price target on shares of Workiva from $16.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, May 15th. SunTrust Banks, Inc. began coverage on shares of Workiva in a research report on Monday, June 26th. They set a “buy” rating and a $22.00 price target for the company.
In other Workiva news, major shareholder Jerome M. Behar sold 53,500 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $18.13, for a total value of $969,955.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Jerome M. Behar sold 76,520 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $18.27, for a total value of $1,398,020.40. The disclosure for this sale can be found here. Insiders have sold a total of 240,445 shares of company stock valued at $4,430,643 over the last 90 days. Insiders own 33.40% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Oberndorf William E boosted its stake in shares of Workiva by 38.8% in the first quarter. Oberndorf William E now owns 2,369,384 shares of the software maker’s stock valued at $37,081,000 after buying an additional 662,408 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Workiva by 13.6% in the first quarter. Vanguard Group Inc. now owns 1,189,018 shares of the software maker’s stock valued at $18,609,000 after buying an additional 141,977 shares in the last quarter. Highwater Wealth Management LLC bought a new stake in shares of Workiva during the first quarter valued at about $11,738,000. Frontier Capital Management Co. LLC bought a new stake in shares of Workiva during the first quarter valued at about $5,678,000. Finally, State Street Corp boosted its stake in shares of Workiva by 4.4% in the fourth quarter. State Street Corp now owns 331,358 shares of the software maker’s stock valued at $4,524,000 after buying an additional 13,881 shares in the last quarter. 40.77% of the stock is owned by institutional investors.
Shares of Workiva (NYSE:WK) opened at 20.15 on Friday. Workiva has a 52 week low of $12.15 and a 52 week high of $20.30. The stock’s market cap is $833.75 million. The stock has a 50 day moving average price of $18.46 and a 200-day moving average price of $15.60.
Workiva (NYSE:WK) last announced its quarterly earnings data on Thursday, May 4th. The software maker reported ($0.04) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.11. Workiva had a negative return on equity of 13,251.94% and a negative net margin of 20.31%. The company had revenue of $51.90 million for the quarter, compared to analyst estimates of $50.67 million. During the same quarter in the previous year, the company earned ($0.21) EPS. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. Equities analysts predict that Workiva will post ($0.66) EPS for the current fiscal year.
Workiva Company Profile
Workiva Inc provides enterprises with cloud solutions for improving productivity, accountability and insight into business data. The Company created Wdesk, a collaborative work management platform for organizations to collect, link, report and analyze their business data. Wdesk’s word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail.
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