Workiva (NYSE:WK) Shares Gap Up – Still a Buy?

Workiva Inc. (NYSE:WK) gapped up before the market opened on Friday. The stock had previously closed at $72.64, but opened at $78.13. Workiva shares last traded at $76.5860, with a volume of 25,833 shares.

Wall Street Analyst Weigh In

WK has been the subject of a number of research analyst reports. Zacks Research downgraded shares of Workiva from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. UBS Group set a $70.00 price objective on Workiva in a research report on Wednesday, August 5th. Citigroup reiterated a “buy” rating on shares of Workiva in a research note on Thursday, August 6th. Stifel Nicolaus set a $95.00 price objective on shares of Workiva in a research report on Thursday, August 27th. Finally, Weiss Ratings upgraded Workiva from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 6th. Nine research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Workiva Trading Down 1.5%

The company’s 50-day moving average is $72.68 and its two-hundred day moving average is $59.80. The firm has a market cap of $4.27 billion, a P/E ratio of 92.98 and a beta of 0.53.

Workiva (NYSE:WK) last announced its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.13. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%. The business had revenue of $255.29 million during the quarter, compared to analyst estimates of $251.16 million. During the same period in the prior year, the company earned $0.19 earnings per share. Workiva’s revenue 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. Research analysts anticipate that Workiva Inc. will post 1.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Brandon Ziegler sold 6,571 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $75.97, for a total value of $499,198.87. Following the sale, the executive vice president owned 126,216 shares in the company, valued at $9,588,629.52. This represents a 4.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 4.77% of the company’s stock.

Institutional Trading of Workiva

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC raised its holdings in Workiva by 110.7% during the second quarter. Squarepoint Ops LLC now owns 1,247,400 shares of the software maker’s stock worth $60,511,000 after purchasing an additional 655,396 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position 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 worth $66,168,000 after acquiring an additional 520,839 shares during the last quarter. Hawk Ridge Capital Management LP acquired a new position in shares of Workiva in the first quarter valued at approximately $65,091,000. First Trust Advisors LP lifted its holdings in shares of Workiva by 16.4% during the first quarter. First Trust Advisors LP now owns 862,936 shares of the software maker’s stock worth $51,457,000 after purchasing an additional 121,643 shares during the period. Finally, Irenic Capital Management LP grew its position in shares of Workiva by 11.1% in the 4th quarter. Irenic Capital Management LP now owns 552,010 shares of the software maker’s stock valued at $47,611,000 after buying an additional 55,000 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

Workiva Company Profile

Workiva Inc is a cloud-based software company that helps organizations manage complex reporting, compliance and operational processes. Its platform connects data from multiple sources, enabling users to prepare, review and distribute financial reports, regulatory filings, management reports and other business documents through a collaborative digital environment.

The company’s products support financial reporting, environmental, social and governance (ESG) reporting, risk management, internal controls, audit management and regulatory compliance.