Workiva (NYSE:WK) Downgraded by Zacks Research to “Hold”

Zacks Research downgraded shares of Workiva (NYSE:WK) from a strong-buy rating to a hold rating in a research note published on Monday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Weiss Ratings lowered shares of Workiva from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. Stephens reissued an “overweight” rating and set a $68.00 target price on shares of Workiva in a research report on Tuesday, May 26th. Robert W. Baird set a $74.00 price target on shares of Workiva in a research note on Wednesday, May 6th. Wall Street Zen downgraded shares of Workiva from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Stifel Nicolaus cut their target price on Workiva from $79.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $88.50.

Workiva Trading Up 2.7%

Shares of WK stock opened at $52.91 on Monday. The company has a market cap of $2.97 billion, a PE ratio of 230.06 and a beta of 0.50. Workiva has a 12-month low of $43.34 and a 12-month high of $97.10. The business’s fifty day simple moving average is $49.56 and its 200-day simple moving average is $62.40.

Workiva (NYSE:WK) last announced its earnings results on Tuesday, May 5th. The software maker reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.11. Workiva had a negative return on equity of 68.43% and a net margin of 1.53%.The firm had revenue of $247.31 million for the quarter, compared to the consensus estimate of $245.17 million. During the same period in the previous year, the business earned $0.14 EPS. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. On average, equities analysts forecast that Workiva will post 0.92 earnings per share for the current year.

Insider Buying and Selling

In other Workiva news, Director Robert H. Herz sold 1,000 shares of Workiva stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $49.69, for a total transaction of $49,690.00. Following the completion of the sale, the director directly owned 34,802 shares in the company, valued at approximately $1,729,311.38. The trade was a 2.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 4.77% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WK. Caitong International Asset Management Co. Ltd purchased a new stake in Workiva in the fourth quarter valued at $26,000. Leonteq Securities AG acquired a new position in shares of Workiva in the 4th quarter valued at about $27,000. Quarry LP lifted its holdings in shares of Workiva by 396.3% in the 4th quarter. Quarry LP now owns 407 shares of the software maker’s stock valued at $35,000 after buying an additional 325 shares during the period. Allworth Financial LP boosted its stake in shares of Workiva by 82.3% in the third quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock worth $35,000 after buying an additional 186 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Workiva by 297.1% in the fourth quarter. IFP Advisors Inc now owns 413 shares of the software maker’s stock worth $36,000 after buying an additional 309 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Workiva Company Profile

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.