Workiva (WK) Sets New 52-Week High and Low at $27.60

Workiva (NYSE:WK)’s share price hit a new 52-week high and low during mid-day trading on Monday . The stock traded as low as $27.60 and last traded at $27.60, with a volume of 98775 shares changing hands. The stock had previously closed at $26.20.

Several equities analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of Workiva from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Thursday, May 3rd. Zacks Investment Research raised shares of Workiva from a “sell” rating to a “hold” rating in a research note on Friday, April 13th. ValuEngine raised shares of Workiva from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. SunTrust Banks reissued a “buy” rating and set a $28.00 price objective on shares of Workiva in a research note on Friday, February 23rd. Finally, Northland Securities reissued a “buy” rating and set a $27.00 price objective on shares of Workiva in a research note on Friday, February 23rd. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $23.86.

The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of -1.97.

Workiva (NYSE:WK) last posted its quarterly earnings results on Wednesday, May 2nd. The software maker reported ($0.09) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.10. The company had revenue of $59.91 million for the quarter, compared to analysts’ expectations of $57.62 million. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.04) EPS. research analysts forecast that Workiva will post -1.32 earnings per share for the current year.

In other Workiva news, major shareholder Jerome M. Behar sold 75,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $24.44, for a total transaction of $1,833,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Jerome M. Behar sold 100,000 shares of the stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $25.70, for a total transaction of $2,570,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 261,923 shares of company stock worth $6,545,105. 29.94% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the business. Frontier Capital Management Co. LLC raised its stake in shares of Workiva by 16.6% in the 4th quarter. Frontier Capital Management Co. LLC now owns 470,151 shares of the software maker’s stock valued at $10,061,000 after acquiring an additional 66,950 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Workiva by 5.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 101,597 shares of the software maker’s stock valued at $2,118,000 after acquiring an additional 5,033 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Workiva by 12.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 113,579 shares of the software maker’s stock valued at $2,431,000 after acquiring an additional 12,886 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Workiva by 7.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 158,681 shares of the software maker’s stock valued at $3,396,000 after acquiring an additional 10,640 shares during the period. Finally, BlackRock Inc. raised its stake in shares of Workiva by 3.0% in the 4th quarter. BlackRock Inc. now owns 1,484,847 shares of the software maker’s stock valued at $31,776,000 after acquiring an additional 43,388 shares during the period. 40.47% of the stock is currently owned by institutional investors.

Workiva Company Profile

Workiva Inc provides cloud solutions for the finance and accounting, audit and internal controls, risk and compliance, and performance and management reporting markets in the United States and internationally. The company provides Wdesk, a platform with proprietary word processing, spreadsheet, and presentation applications to collect, link, report, and analyze the business data, as well as to create, review, and publish data-linked documents and reports.

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