Squarepoint Ops LLC Acquires 655,396 Shares of Workiva Inc. $WK

Squarepoint Ops LLC lifted its holdings in Workiva Inc. (NYSE:WK) by 110.7% in the 2nd quarter, Holdings Channel reports. The firm owned 1,247,400 shares of the software maker’s stock after acquiring an additional 655,396 shares during the period. Squarepoint Ops LLC’s holdings in Workiva were worth $60,511,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WK. California State Teachers Retirement System boosted its position in shares of Workiva by 4,614.8% during the second quarter. California State Teachers Retirement System now owns 2,902,693 shares of the software maker’s stock valued at $140,810,000 after buying an additional 2,841,127 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Workiva by 88.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,109,646 shares of the software maker’s stock valued at $66,168,000 after acquiring an additional 520,839 shares during the period. Hawk Ridge Capital Management LP bought a new position in Workiva during the 1st quarter valued at about $65,091,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Workiva during the 3rd quarter valued at about $88,289,000. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Workiva by 11.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 893,859 shares of the software maker’s stock valued at $77,095,000 after acquiring an additional 91,808 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

Workiva Stock Performance

Shares of NYSE:WK opened at $73.68 on Wednesday. The stock’s 50-day simple moving average is $63.96 and its two-hundred day simple moving average is $57.78. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 89.85 and a beta of 0.49. Workiva Inc. has a 52-week low of $43.34 and a 52-week high of $97.10.

Workiva (NYSE:WK) last released its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.77 EPS for the quarter, beating the consensus estimate of $0.64 by $0.13. Workiva had a net margin of 4.87% and a negative return on equity of 140.17%. The firm had revenue of $255.29 million during the quarter, compared to analyst estimates of $251.16 million. During the same quarter in the prior year, the firm earned $0.19 EPS. The business’s revenue for the quarter was up 18.6% compared to the same quarter last year. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. As a group, equities analysts forecast that Workiva Inc. will post 1.31 earnings per share for the current fiscal year.

Insider Transactions at Workiva

In related news, EVP Brandon Ziegler sold 6,571 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $75.97, for a total transaction of $499,198.87. Following the completion of the sale, the executive vice president directly owned 126,216 shares in the company, valued at approximately $9,588,629.52. The trade was a 4.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 4.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on WK shares. Wall Street Zen lowered shares of Workiva from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 29th. Robert W. Baird raised their target price on shares of Workiva from $74.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, September 1st. BTIG Research dropped their target price on shares of Workiva from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Stephens reaffirmed an “overweight” rating and issued a $68.00 target price on shares of Workiva in a research report on Tuesday, May 26th. Finally, Citigroup reiterated a “buy” rating on shares of Workiva in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Workiva presently has an average rating of “Moderate Buy” and an average price target of $88.58.

About Workiva

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.