Workiva Inc. (NYSE:WK) major shareholder Jerome M. Behar sold 2,442 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $23.40, for a total value of $57,142.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Workiva Inc. (NYSE:WK) traded down $0.10 during mid-day trading on Monday, hitting $22.35. The stock had a trading volume of 174,800 shares, compared to its average volume of 139,920. Workiva Inc. has a one year low of $12.15 and a one year high of $23.70. The company has a debt-to-equity ratio of -1.29, a quick ratio of 0.90 and a current ratio of 0.90.
Workiva (NYSE:WK) last issued its quarterly earnings results on Tuesday, November 7th. The software maker reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.17. Workiva had a negative return on equity of 13,251.94% and a negative net margin of 18.83%. The company had revenue of $52.10 million for the quarter, compared to analysts’ expectations of $50.64 million. During the same period last year, the firm earned ($0.23) EPS. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. research analysts expect that Workiva Inc. will post -1.09 earnings per share for the current year.
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Several analysts recently commented on WK shares. Zacks Investment Research upgraded Workiva from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Thursday, October 5th. Northland Securities set a $23.00 price target on Workiva and gave the company a “buy” rating in a research report on Sunday, September 10th. BidaskClub cut Workiva from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Stifel Nicolaus lifted their price target on Workiva from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, August 18th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and set a $24.00 price target on shares of Workiva in a research report on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Workiva presently has an average rating of “Buy” and a consensus target price of $22.14.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN grew its holdings in shares of Workiva by 0.9% in the 2nd quarter. Wells Fargo & Company MN now owns 42,281 shares of the software maker’s stock worth $805,000 after acquiring an additional 387 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Workiva by 9.3% in the 2nd quarter. Legal & General Group Plc now owns 6,999 shares of the software maker’s stock worth $134,000 after acquiring an additional 597 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Workiva by 1.6% in the 2nd quarter. California State Teachers Retirement System now owns 43,968 shares of the software maker’s stock worth $838,000 after acquiring an additional 700 shares during the last quarter. American International Group Inc. grew its holdings in shares of Workiva by 7.0% in the 1st quarter. American International Group Inc. now owns 13,520 shares of the software maker’s stock worth $212,000 after acquiring an additional 888 shares during the last quarter. Finally, Nationwide Fund Advisors grew its holdings in shares of Workiva by 11.5% in the 2nd quarter. Nationwide Fund Advisors now owns 14,081 shares of the software maker’s stock worth $268,000 after acquiring an additional 1,448 shares during the last quarter. Institutional investors and hedge funds own 32.20% of the company’s stock.
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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