Summit Creek Advisors LLC Buys Shares of 80,717 Workiva Inc. $WK

Summit Creek Advisors LLC bought a new position in shares of Workiva Inc. (NYSE:WK) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 80,717 shares of the software maker’s stock, valued at approximately $3,916,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Millennium Management LLC increased its stake in shares of Workiva by 44.5% during the 1st quarter. Millennium Management LLC now owns 237,746 shares of the software maker’s stock worth $18,047,000 after purchasing an additional 73,266 shares in the last quarter. Empowered Funds LLC purchased a new stake in Workiva in the 1st quarter valued at approximately $421,000. Prudential Financial Inc. lifted its stake in Workiva by 66.7% in the 2nd quarter. Prudential Financial Inc. now owns 6,259 shares of the software maker’s stock valued at $428,000 after buying an additional 2,505 shares in the last quarter. Cerity Partners LLC grew its holdings in Workiva by 24.8% during the 2nd quarter. Cerity Partners LLC now owns 3,297 shares of the software maker’s stock valued at $226,000 after buying an additional 656 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in Workiva by 0.4% during the 2nd quarter. California Public Employees Retirement System now owns 82,197 shares of the software maker’s stock valued at $5,626,000 after buying an additional 342 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Workiva Stock Up 0.5%

Shares of Workiva stock opened at $70.24 on Wednesday. Workiva Inc. has a fifty-two week low of $43.34 and a fifty-two week high of $97.10. The business’s fifty day moving average is $55.51 and its two-hundred day moving average is $56.89. The firm has a market cap of $3.94 billion, a PE ratio of 85.66 and a beta of 0.46.

Workiva (NYSE:WK) last announced its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. The business had revenue of $255.29 million during the quarter, compared to the consensus estimate of $251.16 million. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%.The business’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 earnings per share. 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 anticipate that Workiva Inc. will post 1.31 EPS for the current year.

Insider Buying and Selling

In other Workiva news, Director Robert H. Herz sold 1,000 shares of Workiva stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $49.69, for a total value of $49,690.00. Following the completion of the sale, the director owned 34,802 shares in the company, valued at $1,729,311.38. The trade was a 2.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.77% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

WK has been the subject of a number of recent research reports. Raymond James Financial reiterated an “outperform” rating and set a $85.00 price objective on shares of Workiva in a research report on Wednesday, May 6th. Robert W. Baird set a $74.00 target price on shares of Workiva in a report on Wednesday, May 6th. Zacks Research upgraded shares of Workiva from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. BTIG Research decreased their price target on shares of Workiva from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, August 5th. Finally, UBS Group set a $70.00 price target on shares of Workiva in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $84.75.

Workiva Profile

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.