Workiva (NYSE:WK) Share Price Crosses Below 50-Day Moving Average After Earnings Miss

Workiva Inc. (NYSE:WK) crossed below its 50 day moving average during trading on Friday after the company announced weaker than expected quarterly earnings. The stock has a 50 day moving average of $75.83 and traded as low as $66.43. Workiva shares last traded at $72.8320, with a volume of 2,535,831 shares.

The software maker reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.08). The company had revenue of $262.96 million for the quarter, compared to analyst estimates of $261.37 million. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%. Workiva’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 earnings per share.

More Workiva News

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

Analyst Ratings Changes

A number of research analysts have issued reports on WK shares. UBS Group set a $70.00 price target on Workiva in a report on Wednesday, August 5th. 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. Robert W. Baird increased their target price 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. Finally, Zacks Research cut Workiva from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Nine equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Workiva has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Insiders Place Their Bets

In other Workiva news, EVP Brandon Ziegler sold 6,571 shares of the 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 transaction, the executive vice president directly owned 126,216 shares of the company’s stock, valued at $9,588,629.52. This trade represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.77% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WK. Assenagon Asset Management S.A. purchased a new stake in Workiva during the 2nd quarter worth approximately $4,661,000. Summit Creek Advisors LLC acquired a new stake in shares of Workiva in the second quarter worth approximately $3,916,000. First Trust Advisors LP boosted its stake in shares of Workiva by 16.4% in the first quarter. First Trust Advisors LP now owns 862,936 shares of the software maker’s stock worth $51,457,000 after acquiring an additional 121,643 shares during the last quarter. Ranger Investment Management L.P. increased its position in shares of Workiva by 11.5% during the first quarter. Ranger Investment Management L.P. now owns 342,185 shares of the software maker’s stock worth $20,404,000 after purchasing an additional 35,329 shares in the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of Workiva by 320.9% during the first quarter. Quantinno Capital Management LP now owns 36,925 shares of the software maker’s stock worth $2,202,000 after purchasing an additional 28,152 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Workiva Stock Performance

The company has a 50 day moving average of $75.83 and a 200 day moving average of $63.07. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 65.03 and a beta of 0.46.

Workiva Company Profile

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.