Analysts Set Workiva Inc. (NYSE:WK) PT at $108.43

Workiva Inc. (NYSE:WK) has earned an average recommendation of “Buy” from the nine brokerages that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $108.43.

WK has been the subject of a number of research reports. William Blair reiterated a “buy” rating on shares of Workiva in a research report on Wednesday, August 4th. Truist boosted their target price on Workiva from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, August 4th. Zacks Investment Research raised Workiva from a “sell” rating to a “hold” rating in a research report on Tuesday, August 10th. Finally, Truist Securities boosted their target price on Workiva from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, August 4th.

Shares of WK traded up $1.69 during mid-day trading on Monday, hitting $139.17. The company’s stock had a trading volume of 2,093 shares, compared to its average volume of 366,252. The firm has a market capitalization of $7.02 billion, a PE ratio of -190.94 and a beta of 1.48. Workiva has a one year low of $52.86 and a one year high of $156.48. The stock’s 50-day moving average is $141.22 and its two-hundred day moving average is $117.02. The company has a debt-to-equity ratio of 4.30, a quick ratio of 2.15 and a current ratio of 2.15.

Workiva (NYSE:WK) last issued its quarterly earnings data on Tuesday, August 3rd. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.31. Workiva had a negative return on equity of 36.88% and a negative net margin of 9.03%. The company had revenue of $105.59 million during the quarter, compared to analysts’ expectations of $101.59 million. Analysts expect that Workiva will post -0.97 EPS for the current fiscal year.

In related news, VP Jeff D. Trom sold 25,000 shares of Workiva stock in a transaction on Friday, September 24th. The stock was sold at an average price of $150.42, for a total transaction of $3,760,500.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Jeff D. Trom sold 600,000 shares of Workiva stock in a transaction on Monday, August 9th. The stock was sold at an average price of $127.50, for a total value of $76,500,000.00. Following the sale, the vice president now owns 270,976 shares in the company, valued at $34,549,440. The disclosure for this sale can be found here. Insiders sold 778,172 shares of company stock worth $100,344,163 in the last 90 days. Corporate insiders own 12.25% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC purchased a new stake in Workiva in the second quarter worth $37,000. Stonebridge Capital Advisors LLC purchased a new position in shares of Workiva in the first quarter valued at $41,000. Advisors Asset Management Inc. purchased a new position in shares of Workiva in the second quarter valued at $43,000. Dark Forest Capital Management LP purchased a new position in shares of Workiva in the second quarter valued at $67,000. Finally, FORA Capital LLC grew its position in shares of Workiva by 28.6% in the first quarter. FORA Capital LLC now owns 1,088 shares of the software maker’s stock valued at $96,000 after purchasing an additional 242 shares in the last quarter. 76.28% of the stock is owned by institutional investors and hedge funds.

About Workiva

Workiva, Inc engages in the provision of cloud-based compliance and regulatory reporting solutions that are designed to solve business challenges at the intersection of data, process and people. Its platform, Wdesk, offers controlled collaboration, data linking, data integrations, granular permissions, process management and a full audit trail.

Featured Story: Understanding Relative Strength Index

Analyst Recommendations for Workiva (NYSE:WK)

Receive News & Ratings for Workiva Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workiva and related companies with MarketBeat.com's FREE daily email newsletter.