Workiva Inc. $WK Stock Sold by Summit Creek Advisors LLC

Summit Creek Advisors LLC lowered its holdings in shares of Workiva Inc. (NYSE:WK) by 33.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,419 shares of the software maker’s stock after selling 27,298 shares during the period. Summit Creek Advisors LLC’s holdings in Workiva were worth $3,556,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Versant Capital Management Inc increased its holdings in Workiva by 202.3% in the 2nd quarter. Versant Capital Management Inc now owns 532 shares of the software maker’s stock valued at $26,000 after buying an additional 356 shares during the period. Optiver Holding B.V. raised its stake in shares of Workiva by 454.5% in the 1st quarter. Optiver Holding B.V. now owns 621 shares of the software maker’s stock valued at $37,000 after buying an additional 509 shares in the last quarter. William Mack & Associates Inc. bought a new position in shares of Workiva during the 3rd quarter worth about $39,000. Harbor Investment Advisory LLC bought a new position in shares of Workiva during the 2nd quarter worth about $40,000. Finally, Covestor Ltd boosted its position in shares of Workiva by 171.8% during the 3rd quarter. Covestor Ltd now owns 666 shares of the software maker’s stock valued at $44,000 after acquiring an additional 421 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on WK shares. Weiss Ratings cut shares of Workiva from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. BTIG Research set a $85.00 price target on shares of Workiva in a research report on Wednesday, September 16th. Robert W. Baird raised their price target on shares of Workiva from $95.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. UBS Group set a $70.00 price objective on Workiva in a report on Wednesday, August 5th. Finally, Citigroup reaffirmed a “buy” rating on shares of Workiva in a report on Thursday, August 6th. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $87.00.

Workiva Stock Performance

Shares of NYSE:WK opened at $72.83 on Friday. Workiva Inc. has a 52 week low of $43.34 and a 52 week high of $95.00. The company’s fifty day moving average is $75.83 and its 200-day moving average is $63.07. The company has a market capitalization of $4.09 billion, a PE ratio of 65.03 and a beta of 0.46.

Workiva (NYSE:WK) last posted its earnings results on Thursday, November 5th. The software maker reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.08). The firm had revenue of $262.96 million during the quarter, compared to the consensus estimate of $261.37 million. Workiva had a negative return on equity of 159.20% and a net margin of 6.31%. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 EPS. On average, analysts forecast that Workiva Inc. will post 1.31 EPS for the current year.

Insider Buying and Selling

In other Workiva news, EVP Brandon Ziegler sold 6,571 shares of the company’s stock in a transaction dated 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 directly 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 4.77% of the stock is currently owned by company insiders.

Workiva News Summary

Here are the key news stories impacting Workiva this week:

• Positive Sentiment: Third-quarter revenue rose 17.3% year over year to $262.96 million, topping analysts’ $261.37 million estimate. Quarterly results
• Neutral Sentiment: Coverage highlighted Workiva’s AI expansion, while noting moderating business tailwinds; the available reports do not quantify the potential financial contribution from AI. Q3 deep dive
• Negative Sentiment: Q3 EPS was $0.72, below the roughly $0.79–$0.80 consensus, despite increasing from $0.55 a year earlier. The earnings shortfall is a likely drag on sentiment. Q3 earnings miss
• Negative Sentiment: Workiva’s Q4 EPS outlook of $0.78–$0.80 is below the $0.92 consensus, and its $275 million–$278 million revenue range is just shy of the $278.1 million estimate. Full-year EPS guidance of $2.80–$2.83 also trails the $2.95 consensus, putting the outlook at the center of investor concern. Why shares are falling

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.