Workiva Inc. (NYSE:WK) major shareholder Jerome M. Behar sold 2,442 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $23.40, for a total value of $57,142.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Workiva Inc. (NYSE:WK) opened at $22.05 on Tuesday. Workiva Inc. has a 12 month low of $12.15 and a 12 month high of $23.70. The company has a debt-to-equity ratio of -1.29, a current ratio of 0.90 and a quick ratio of 0.90.
Workiva (NYSE:WK) last released its earnings results on Tuesday, November 7th. The software maker reported ($0.23) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.17. The firm had revenue of $52.10 million during the quarter, compared to analyst estimates of $50.64 million. Workiva had a negative return on equity of 13,251.94% and a negative net margin of 18.83%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.23) earnings per share. analysts predict that Workiva Inc. will post -1.09 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in WK. Spark Investment Management LLC increased its stake in Workiva by 234.8% in the second quarter. Spark Investment Management LLC now owns 235,700 shares of the software maker’s stock valued at $4,490,000 after purchasing an additional 165,300 shares during the last quarter. Vanguard Group Inc. grew its position in Workiva by 12.4% during the second quarter. Vanguard Group Inc. now owns 1,336,468 shares of the software maker’s stock valued at $25,459,000 after acquiring an additional 147,450 shares during the period. JPMorgan Chase & Co. grew its position in Workiva by 905.9% during the second quarter. JPMorgan Chase & Co. now owns 158,336 shares of the software maker’s stock valued at $3,016,000 after acquiring an additional 142,595 shares during the period. OxFORD Asset Management LLP purchased a new stake in Workiva during the second quarter valued at about $2,647,000. Finally, Frontier Capital Management Co. LLC grew its position in Workiva by 34.1% during the second quarter. Frontier Capital Management Co. LLC now owns 486,707 shares of the software maker’s stock valued at $9,272,000 after acquiring an additional 123,887 shares during the period. Hedge funds and other institutional investors own 32.20% of the company’s stock.
A number of equities analysts have recently weighed in on the company. Stifel Nicolaus boosted their price target on Workiva from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Credit Suisse Group boosted their price target on Workiva from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, November 8th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $24.00 price target on shares of Workiva in a report on Friday, November 3rd. Northland Securities reiterated a “buy” rating and issued a $23.00 target price on shares of Workiva in a research note on Sunday, October 29th. Finally, Morgan Stanley upped their target price on Workiva from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Workiva presently has a consensus rating of “Buy” and an average price target of $22.14.
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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