Workiva (NYSE:WK) Sets New 12-Month Low – Here’s Why

Workiva Inc. (NYSE:WK)’s share price hit a new 52-week low on Wednesday . The company traded as low as $43.64 and last traded at $44.7210, with a volume of 183459 shares. The stock had previously closed at $46.85.

Analyst Ratings Changes

Several brokerages have recently weighed in on WK. Stifel Nicolaus cut their price objective on shares of Workiva from $79.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. BMO Capital Markets cut their price objective on shares of Workiva from $92.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Weiss Ratings upgraded shares of Workiva from a “sell (e+)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. BTIG Research decreased their price target on shares of Workiva from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Finally, Wall Street Zen upgraded Workiva from a “buy” rating to a “strong-buy” rating in a report on Saturday. Ten research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.33.

Workiva Trading Down 6.5%

The business’s 50-day moving average is $57.76 and its two-hundred day moving average is $73.74. The stock has a market capitalization of $2.49 billion, a PE ratio of 192.43 and a beta of 0.54.

Workiva (NYSE:WK) last announced its quarterly earnings results on Tuesday, May 5th. The software maker reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.11. Workiva had a net margin of 1.53% and a negative return on equity of 68.43%. The firm had revenue of $247.31 million during the quarter, compared to analysts’ expectations of $245.17 million. During the same period in the prior year, the company earned $0.14 EPS. The firm’s revenue was up 19.9% on a year-over-year basis. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. On average, analysts predict that Workiva Inc. will post 0.53 EPS for the current year.

Workiva announced that its Board of Directors has initiated a stock buyback plan on Monday, February 16th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the software maker to reacquire up to 7.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Institutional Trading of Workiva

Several large investors have recently bought and sold shares of WK. Private Wealth Asset Management LLC increased its stake in Workiva by 1,731.7% during the 3rd quarter. Private Wealth Asset Management LLC now owns 75,100 shares of the software maker’s stock worth $6,465,000 after buying an additional 71,000 shares during the period. Irenic Capital Management LP purchased a new stake in Workiva during the 3rd quarter worth $42,783,000. Impax Asset Management Group plc increased its stake in Workiva by 19.8% during the 3rd quarter. Impax Asset Management Group plc now owns 136,086 shares of the software maker’s stock worth $11,714,000 after buying an additional 22,500 shares during the period. Nordea Investment Management AB increased its stake in Workiva by 50.7% during the 3rd quarter. Nordea Investment Management AB now owns 1,368,401 shares of the software maker’s stock worth $115,589,000 after buying an additional 460,540 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in Workiva by 14,955.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 740,102 shares of the software maker’s stock worth $63,834,000 after buying an additional 735,186 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

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.