Workiva Inc. (NYSE:WK) Stock Has Average Price Target of $87.00 According to Analysts

Shares of Workiva Inc. (NYSE:WK) have earned an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $87.00.

A number of research firms have recently weighed in on WK. Wall Street Zen upgraded shares of Workiva from a “buy” rating to a “strong-buy” rating in a research note on Sunday, October 18th. BTIG Research set a $85.00 price target on shares of Workiva in a report on Wednesday, September 16th. Zacks Research cut Workiva from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Weiss Ratings upgraded Workiva from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, October 20th. Finally, Robert W. Baird lifted their price objective on Workiva from $95.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th.

Insider Transactions at Workiva

In other Workiva news, EVP Brandon Ziegler sold 6,571 shares of the company’s stock in a transaction 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 sale, the executive vice president owned 126,216 shares of the company’s stock, valued at approximately $9,588,629.52. This represents a 4.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.77% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WK. Squarepoint Ops LLC raised its stake in shares of Workiva by 110.7% during the 2nd 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 during the period. Arrowstreet Capital Limited Partnership increased its holdings in Workiva by 88.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,109,646 shares of the software maker’s stock worth $66,168,000 after buying an additional 520,839 shares during the last quarter. Hawk Ridge Capital Management LP purchased a new stake in Workiva during the first quarter worth about $65,091,000. First Trust Advisors LP increased its holdings in 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 buying an additional 121,643 shares during the last quarter. Finally, Ranger Investment Management L.P. raised its position in Workiva by 11.5% in the first quarter. Ranger Investment Management L.P. now owns 342,185 shares of the software maker’s stock worth $20,404,000 after acquiring an additional 35,329 shares during the period. 92.21% of the stock is owned by institutional investors.

Workiva Trading Down 1.8%

Shares of WK opened at $82.43 on Friday. Workiva has a 12 month low of $43.34 and a 12 month high of $97.10. The firm’s 50 day moving average is $74.95 and its 200-day moving average is $63.18. The stock has a market capitalization of $4.63 billion, a PE ratio of 100.53 and a beta of 0.53.

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

About Workiva

Workiva Inc (NYSE: WK) provides cloud-based software designed to help organizations manage reporting, compliance, risk and other complex business processes. Its platform connects financial, operational and environmental, social and governance (ESG) data so teams can collaborate on information used for internal and external reporting.

The company’s products support financial reporting, regulatory filings, audit and compliance workflows, investor communications, and sustainability reporting.