Workiva Inc. (NYSE:WK) Position Trimmed by Atria Investments Inc

Atria Investments Inc decreased its holdings in shares of Workiva Inc. (NYSE:WK) by 9.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,124 shares of the software maker’s stock after selling 443 shares during the period. Atria Investments Inc’s holdings in Workiva were worth $452,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its stake in Workiva by 8.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker’s stock valued at $159,000 after purchasing an additional 116 shares during the last quarter. Park Avenue Securities LLC increased its stake in Workiva by 4.5% during the fourth quarter. Park Avenue Securities LLC now owns 4,561 shares of the software maker’s stock valued at $499,000 after purchasing an additional 198 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in Workiva by 6.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,060 shares of the software maker’s stock valued at $992,000 after purchasing an additional 537 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in Workiva by 2.8% during the third quarter. State of New Jersey Common Pension Fund D now owns 24,656 shares of the software maker’s stock valued at $1,951,000 after purchasing an additional 664 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in Workiva by 5.5% during the fourth quarter. Los Angeles Capital Management LLC now owns 16,999 shares of the software maker’s stock valued at $1,861,000 after purchasing an additional 890 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Workiva Stock Up 3.0 %

WK stock opened at $87.63 on Friday. The company has a market capitalization of $4.92 billion, a P/E ratio of -95.25 and a beta of 1.09. The company has a 50-day simple moving average of $96.50 and a 200 day simple moving average of $91.57. Workiva Inc. has a fifty-two week low of $65.47 and a fifty-two week high of $116.83.

Insider Buying and Selling

In other Workiva news, CAO Brandon Ziegler sold 4,115 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $85.72, for a total value of $352,737.80. Following the sale, the chief accounting officer now directly owns 103,509 shares in the company, valued at approximately $8,872,791.48. The trade was a 3.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael D. Hawkins sold 10,421 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $85.43, for a total transaction of $890,266.03. Following the completion of the sale, the executive vice president now owns 61,298 shares in the company, valued at approximately $5,236,688.14. This trade represents a 14.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,129 shares of company stock valued at $1,807,333 over the last 90 days. 3.86% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on WK shares. Robert W. Baird boosted their target price on shares of Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Raymond James raised shares of Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price target for the company in a report on Friday, January 3rd. BMO Capital Markets reduced their price target on shares of Workiva from $120.00 to $108.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. The Goldman Sachs Group boosted their price target on shares of Workiva from $120.00 to $133.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, Citigroup boosted their price target on shares of Workiva from $128.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $121.57.

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.