Insider Selling: Workiva Inc. (NYSE:WK) Director Sells $88,700.00 in Stock

Workiva Inc. (NYSE:WK) Director Robert H. Herz sold 1,000 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $88.70, for a total transaction of $88,700.00. Following the completion of the transaction, the director now owns 34,084 shares of the company’s stock, valued at approximately $3,023,250.80. This represents a 2.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Workiva Stock Up 3.0 %

Shares of NYSE:WK opened at $87.63 on Monday. Workiva Inc. has a 12 month low of $65.47 and a 12 month high of $116.83. The company’s 50-day moving average price is $96.50 and its two-hundred day moving average price is $91.67. The firm has a market cap of $4.92 billion, a P/E ratio of -95.25 and a beta of 1.09.

Institutional Investors Weigh In On Workiva

A number of hedge funds have recently added to or reduced their stakes in WK. Twin Tree Management LP acquired a new position in Workiva during the 4th quarter valued at about $25,000. Johnson Financial Group Inc. acquired a new position in Workiva during the 4th quarter valued at about $66,000. GeoWealth Management LLC lifted its position in Workiva by 3,010.0% during the 4th quarter. GeoWealth Management LLC now owns 622 shares of the software maker’s stock valued at $68,000 after purchasing an additional 602 shares during the period. EverSource Wealth Advisors LLC lifted its position in Workiva by 14,650.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 885 shares of the software maker’s stock valued at $97,000 after purchasing an additional 879 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in Workiva by 8.7% during the 4th 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 period. Institutional investors own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

WK has been the subject of a number of recent research reports. The Goldman Sachs Group increased their price objective on shares of Workiva from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Robert W. Baird upped their target price on shares of Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Stifel Nicolaus lowered their target price on shares of Workiva from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. BMO Capital Markets lowered their target price on shares of Workiva from $120.00 to $108.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Finally, Citigroup upped their target price on shares of Workiva from $128.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $121.57.

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.