Benjamin Edwards Inc. Buys 2,288 Shares of Workiva Inc. (NYSE:WK)

Benjamin Edwards Inc. raised its stake in shares of Workiva Inc. (NYSE:WK) by 238.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,247 shares of the software maker’s stock after purchasing an additional 2,288 shares during the period. Benjamin Edwards Inc.’s holdings in Workiva were worth $257,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Verition Fund Management LLC increased its position in Workiva by 241.4% in the third quarter. Verition Fund Management LLC now owns 20,461 shares of the software maker’s stock worth $1,619,000 after purchasing an additional 14,467 shares during the last quarter. FORA Capital LLC bought a new stake in shares of Workiva in the 3rd quarter worth about $479,000. Quantbot Technologies LP raised its position in shares of Workiva by 431.1% during the 3rd quarter. Quantbot Technologies LP now owns 20,064 shares of the software maker’s stock valued at $1,587,000 after buying an additional 16,286 shares in the last quarter. Advantage Alpha Capital Partners LP lifted its holdings in shares of Workiva by 13.9% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 87,472 shares of the software maker’s stock valued at $6,921,000 after acquiring an additional 10,644 shares during the last quarter. Finally, Mirabella Financial Services LLP grew its position in Workiva by 515.4% in the third quarter. Mirabella Financial Services LLP now owns 72,302 shares of the software maker’s stock worth $5,559,000 after acquiring an additional 60,553 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Workiva Trading Up 0.6 %

NYSE WK opened at $102.93 on Wednesday. The stock has a market cap of $5.70 billion, a PE ratio of -111.88 and a beta of 1.09. Workiva Inc. has a 12 month low of $65.47 and a 12 month high of $105.00. The company’s 50-day moving average price is $87.74 and its 200-day moving average price is $79.46.

Analyst Upgrades and Downgrades

WK has been the subject of several analyst reports. Robert W. Baird raised their price objective on Workiva from $94.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Stifel Nicolaus lifted their price objective on shares of Workiva from $85.00 to $102.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets increased their target price on shares of Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $103.20.

Insider Transactions at Workiva

In other news, EVP Michael D. Hawkins sold 2,761 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $74.60, for a total transaction of $205,970.60. Following the transaction, the executive vice president now owns 49,887 shares of the company’s stock, valued at approximately $3,721,570.20. This represents a 5.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.86% of the company’s stock.

Workiva 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.