Squarepoint Ops LLC Acquires 78,544 Shares of Workiva Inc. $WK

Squarepoint Ops LLC lifted its holdings in Workiva Inc. (NYSE:WK) by 313.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 103,606 shares of the software maker’s stock after purchasing an additional 78,544 shares during the quarter. Squarepoint Ops LLC’s holdings in Workiva were worth $7,092,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Nicholas Company Inc. raised its stake in shares of Workiva by 9.3% during the 2nd quarter. Nicholas Company Inc. now owns 80,881 shares of the software maker’s stock worth $5,536,000 after purchasing an additional 6,850 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Workiva in the second quarter valued at about $1,634,000. AlphaQuest LLC boosted its stake in shares of Workiva by 189.1% in the second quarter. AlphaQuest LLC now owns 6,208 shares of the software maker’s stock valued at $425,000 after buying an additional 4,061 shares during the period. AQR Capital Management LLC increased its stake in Workiva by 86.5% in the first quarter. AQR Capital Management LLC now owns 84,900 shares of the software maker’s stock valued at $6,445,000 after acquiring an additional 39,371 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in Workiva by 64.8% in the second quarter. Acadian Asset Management LLC now owns 86,066 shares of the software maker’s stock valued at $5,885,000 after acquiring an additional 33,843 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Workiva Stock Performance

Shares of NYSE WK opened at $87.49 on Monday. Workiva Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $116.83. The firm’s 50-day simple moving average is $89.06 and its 200 day simple moving average is $79.02. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of -104.15 and a beta of 0.64.

Workiva (NYSE:WK) last released its quarterly earnings results on Wednesday, November 5th. The software maker reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.17. The company had revenue of $224.17 million during the quarter, compared to analysts’ expectations of $218.96 million. During the same period in the previous year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. Workiva has set its FY 2025 guidance at 1.650-1.68 EPS and its Q4 2025 guidance at 0.670-0.700 EPS. On average, sell-side analysts predict that Workiva Inc. will post -0.92 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Workiva in a research report on Wednesday, October 8th. Truist Financial boosted their price objective on shares of Workiva from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Stifel Nicolaus set a $98.00 price target on shares of Workiva in a research report on Thursday, November 6th. Capital One Financial set a $100.00 price objective on shares of Workiva in a research report on Tuesday, September 30th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $105.00 price target on shares of Workiva in a research report on Wednesday. Nine equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.83.

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.