Workiva Inc. (NYSE:WK) Receives $95.00 Consensus Target Price from Analysts

Workiva Inc. (NYSE:WK) has been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $95.00.

A number of brokerages have issued reports on WK. StockNews.com lowered shares of Workiva from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Northland Securities cut their price objective on shares of Workiva from $106.00 to $95.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd.

Insider Transactions at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 2,761 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $74.60, for a total value of $205,970.60. Following the transaction, the executive vice president now directly owns 49,887 shares in the company, valued at $3,721,570.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.86% of the company’s stock.

Institutional Investors Weigh In On Workiva

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC purchased a new stake in Workiva during the 3rd quarter worth approximately $28,000. Quarry LP increased its stake in Workiva by 57.8% during the 2nd quarter. Quarry LP now owns 453 shares of the software maker’s stock worth $33,000 after buying an additional 166 shares during the period. EntryPoint Capital LLC purchased a new stake in Workiva during the 1st quarter worth approximately $40,000. Fidelis Capital Partners LLC purchased a new stake in Workiva during the 1st quarter worth approximately $45,000. Finally, Point72 Hong Kong Ltd purchased a new stake in Workiva during the 2nd quarter worth approximately $62,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Workiva Stock Up 0.9 %

NYSE:WK opened at $80.56 on Monday. Workiva has a 52 week low of $65.47 and a 52 week high of $105.00. The firm has a 50 day moving average of $77.79 and a 200 day moving average of $76.86. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of -46.81 and a beta of 1.05.

Workiva (NYSE:WK) last issued its quarterly earnings results on Thursday, August 1st. The software maker reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The business had revenue of $177.50 million for the quarter, compared to analyst estimates of $175.22 million. During the same quarter last year, the firm earned ($0.36) EPS. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. As a group, analysts expect that Workiva will post -0.86 EPS for the current year.

Workiva Company Profile

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.