A number of other research firms have also weighed in on WK. Zacks Investment Research upgraded shares of Workiva from a hold rating to a buy rating and set a $66.00 price objective for the company in a research note on Friday, July 5th. SunTrust Banks raised their price objective on shares of Workiva to $65.00 and gave the company a buy rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. Workiva presently has a consensus rating of Buy and an average price target of $46.83.
NYSE:WK opened at $50.01 on Thursday. The firm has a market cap of $2.30 billion, a P/E ratio of -53.77 and a beta of 0.96. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.00 and a current ratio of 1.00. Workiva has a fifty-two week low of $30.35 and a fifty-two week high of $64.11. The firm has a 50-day simple moving average of $58.78 and a two-hundred day simple moving average of $52.81.
Workiva (NYSE:WK) last released its quarterly earnings data on Tuesday, August 6th. The software maker reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.08). The business had revenue of $73.48 million for the quarter, compared to analyst estimates of $68.96 million. The business’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.12) EPS. On average, equities research analysts predict that Workiva will post -1.03 EPS for the current year.
In other news, EVP Scott G. Ryan sold 31,250 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $56.25, for a total transaction of $1,757,812.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Brigid A. Bonner purchased 500 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were bought at an average cost of $53.00 per share, for a total transaction of $26,500.00. Following the acquisition, the director now owns 6,426 shares in the company, valued at $340,578. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 782,038 shares of company stock worth $44,310,138. Insiders own 18.46% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in WK. Advisor Group Inc. boosted its stake in shares of Workiva by 238.1% during the 4th quarter. Advisor Group Inc. now owns 710 shares of the software maker’s stock worth $26,000 after buying an additional 500 shares during the last quarter. Legal & General Group Plc lifted its stake in Workiva by 10.1% in the 4th quarter. Legal & General Group Plc now owns 5,196 shares of the software maker’s stock valued at $187,000 after purchasing an additional 478 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Workiva by 57.1% in the 4th quarter. Macquarie Group Ltd. now owns 1,100 shares of the software maker’s stock valued at $39,000 after purchasing an additional 400 shares during the last quarter. Sage Rhino Capital LLC acquired a new stake in Workiva in the 1st quarter valued at about $254,000. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its stake in Workiva by 1.2% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 37,405 shares of the software maker’s stock valued at $1,896,000 after purchasing an additional 440 shares during the last quarter. 52.33% of the stock is currently owned by hedge funds and other institutional investors.
Workiva Company Profile
Workiva Inc provides cloud-based solutions for connected data, reporting, and compliance worldwide. The company offers Wdesk, a platform that provides data collection and linking, data integrations, controlled collaboration, granular permissions, process management, and full audit trail services; and Wdata, which includes data preparation tools, data connectors, and application programming interfaces that enable customers to create direct connections to their data.
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