Brokerages Set Workiva Inc. (NYSE:WK) PT at $105.14

Workiva Inc. (NYSE:WK) has received a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $105.14.

WK has been the topic of a number of analyst reports. StockNews.com raised shares of Workiva from a “hold” rating to a “buy” rating in a report on Thursday. Robert W. Baird dropped their price target on shares of Workiva from $105.00 to $94.00 and set an “outperform” rating on the stock in a research note on Thursday, June 27th. BMO Capital Markets reiterated an “outperform” rating and set a $96.00 price objective on shares of Workiva in a research report on Tuesday, June 11th. Citigroup raised their target price on Workiva from $103.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Finally, William Blair reaffirmed an “outperform” rating on shares of Workiva in a research note on Friday, May 3rd.

Insider Activity at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 3,435 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $81.46, for a total transaction of $279,815.10. Following the sale, the executive vice president now owns 55,487 shares in the company, valued at approximately $4,519,971.02. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.86% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Workiva

Several institutional investors and hedge funds have recently added to or reduced their stakes in WK. EntryPoint Capital LLC purchased a new stake in shares of Workiva in the first quarter valued at $40,000. Fidelis Capital Partners LLC acquired a new position in Workiva during the first quarter valued at $45,000. SG Americas Securities LLC purchased a new stake in Workiva in the 4th quarter worth about $107,000. RiverPark Advisors LLC boosted its position in Workiva by 361.5% during the 1st quarter. RiverPark Advisors LLC now owns 1,140 shares of the software maker’s stock worth $97,000 after acquiring an additional 893 shares during the period. Finally, Fifth Third Bancorp boosted its position in Workiva by 9.0% during the 1st quarter. Fifth Third Bancorp now owns 1,692 shares of the software maker’s stock worth $143,000 after acquiring an additional 140 shares during the period. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Workiva Trading Down 0.1 %

NYSE:WK opened at $74.52 on Friday. The stock has a 50 day moving average of $74.83 and a 200-day moving average of $82.52. The firm has a market capitalization of $4.09 billion, a PE ratio of -43.29 and a beta of 1.07. Workiva has a 52 week low of $69.40 and a 52 week high of $116.00.

Workiva (NYSE:WK) last released its quarterly earnings data on Thursday, May 2nd. The software maker reported ($0.19) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.19). The company had revenue of $175.67 million for the quarter, compared to analyst estimates of $173.85 million. As a group, analysts predict that Workiva will post -0.62 EPS for the current fiscal year.

About Workiva

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.