Workiva Inc. (NYSE:WK) major shareholder Jerome M. Behar sold 36,579 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $20.00, for a total value of $731,580.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Workiva Inc. (WK) traded up 1.79% during midday trading on Friday, reaching $19.90. The company’s stock had a trading volume of 96,373 shares. Workiva Inc. has a 52 week low of $12.15 and a 52 week high of $20.95. The stock’s market capitalization is $832.34 million. The company has a 50 day moving average of $19.63 and a 200-day moving average of $17.10.
Workiva (NYSE:WK) last announced its earnings results on Thursday, August 3rd. The software maker reported ($0.25) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.06. Workiva had a negative net margin of 18.94% and a negative return on equity of 13,251.94%. The business had revenue of $49.40 million during the quarter, compared to analysts’ expectations of $48.37 million. During the same period in the prior year, the company earned ($0.20) earnings per share. The business’s revenue was up 14.9% compared to the same quarter last year. Equities research analysts predict that Workiva Inc. will post ($0.63) earnings per share for the current year.
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Several large investors have recently made changes to their positions in WK. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Workiva during the second quarter worth approximately $289,000. California State Teachers Retirement System boosted its stake in shares of Workiva by 1.6% in the second quarter. California State Teachers Retirement System now owns 43,968 shares of the software maker’s stock worth $838,000 after buying an additional 700 shares during the last quarter. State Street Corp boosted its stake in shares of Workiva by 12.3% in the second quarter. State Street Corp now owns 371,323 shares of the software maker’s stock worth $7,074,000 after buying an additional 40,657 shares during the last quarter. ETF Managers Group LLC acquired a new stake in shares of Workiva during the second quarter worth approximately $118,000. Finally, PDT Partners LLC acquired a new stake in shares of Workiva during the second quarter worth approximately $911,000. 41.18% of the stock is owned by institutional investors and hedge funds.
WK has been the topic of several research reports. BidaskClub downgraded Workiva from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. SunTrust Banks, Inc. initiated coverage on Workiva in a research report on Monday, June 26th. They issued a “buy” rating and a $22.00 target price on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $23.00 target price on shares of Workiva in a research report on Friday. Northland Securities reissued a “buy” rating and issued a $18.00 target price on shares of Workiva in a research report on Friday, July 28th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $18.00 target price (up from $16.00) on shares of Workiva in a research report on Tuesday, July 25th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $19.13.
Workiva Company Profile
Workiva Inc provides enterprises with cloud solutions for improving productivity, accountability and insight into business data. The Company created Wdesk, a collaborative work management platform for organizations to collect, link, report and analyze their business data. Wdesk’s word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail.
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