Millennium Management LLC trimmed its stake in Workiva (NYSE:WK) by 3.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 172,875 shares of the software maker’s stock after selling 6,314 shares during the period. Millennium Management LLC owned about 0.41% of Workiva worth $3,700,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in WK. Renaissance Technologies LLC raised its stake in shares of Workiva by 73.6% in the 4th quarter. Renaissance Technologies LLC now owns 758,300 shares of the software maker’s stock valued at $16,228,000 after acquiring an additional 321,394 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Workiva in the 4th quarter valued at approximately $4,261,000. 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. Geode Capital Management LLC raised its stake in shares of Workiva by 29.8% in the 4th quarter. Geode Capital Management LLC now owns 229,961 shares of the software maker’s stock valued at $4,920,000 after acquiring an additional 52,766 shares during the period. Finally, Two Sigma Investments LP raised its stake in shares of Workiva by 47.3% in the 4th quarter. Two Sigma Investments LP now owns 145,610 shares of the software maker’s stock valued at $3,116,000 after acquiring an additional 46,752 shares during the period. 40.35% of the stock is currently owned by institutional investors and hedge funds.
Shares of WK opened at $24.00 on Friday. Workiva has a fifty-two week low of $16.40 and a fifty-two week high of $26.75. The company has a market cap of $1,066.30, a P/E ratio of -22.43 and a beta of 0.54. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of -1.09.
In other Workiva news, major shareholder Jerome M. Behar sold 46,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $22.15, for a total transaction of $1,018,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eugene S. Katz sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $22.83, for a total transaction of $136,980.00. Following the transaction, the director now owns 124,836 shares of the company’s stock, valued at approximately $2,850,005.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 257,923 shares of company stock worth $6,141,505. 33.29% of the stock is owned by insiders.
A number of research firms have recently issued reports on WK. Zacks Investment Research raised shares of Workiva from a “sell” rating to a “hold” rating in a research note on Friday, April 13th. Northland Securities reissued a “buy” rating and issued a $27.00 price target on shares of Workiva in a research note on Friday, February 23rd. Raymond James downgraded shares of Workiva from an “outperform” rating to a “market perform” rating in a research note on Friday, February 23rd. ValuEngine raised shares of Workiva from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Stifel Nicolaus upped their target price on shares of Workiva from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Workiva has a consensus rating of “Hold” and an average price target of $23.86.
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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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