Summit Creek Advisors LLC Acquires Shares of 80,717 Workiva Inc. $WK

Summit Creek Advisors LLC acquired a new position in shares of Workiva Inc. (NYSE:WK) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 80,717 shares of the software maker’s stock, valued at approximately $3,916,000. Summit Creek Advisors LLC owned 0.14% of Workiva at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Versant Capital Management Inc increased its stake in Workiva by 202.3% in the 2nd quarter. Versant Capital Management Inc now owns 532 shares of the software maker’s stock valued at $26,000 after buying an additional 356 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Workiva during the 4th quarter worth $26,000. Leonteq Securities AG acquired a new stake in shares of Workiva in the 4th quarter worth $27,000. Allworth Financial LP boosted its holdings in shares of Workiva by 82.3% in the third quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock valued at $35,000 after acquiring an additional 186 shares in the last quarter. Finally, Quarry LP boosted its holdings in shares of Workiva by 396.3% in the fourth quarter. Quarry LP now owns 407 shares of the software maker’s stock valued at $35,000 after acquiring an additional 325 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Workiva Trading Up 0.5%

WK stock opened at $70.24 on Wednesday. The company’s 50-day moving average price is $55.51 and its 200 day moving average price is $56.89. Workiva Inc. has a 52 week low of $43.34 and a 52 week high of $97.10. The company has a market cap of $3.94 billion, a P/E ratio of 85.66 and a beta of 0.46.

Workiva (NYSE:WK) last issued its earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. Workiva had a net margin of 4.87% and a negative return on equity of 140.17%. The company had revenue of $255.29 million during the quarter, compared to analysts’ expectations of $251.16 million. During the same period last year, the company posted $0.19 earnings per share. The firm’s quarterly revenue was up 18.6% compared to the same quarter last year. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. On average, equities research analysts expect that Workiva Inc. will post 1.31 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on WK shares. Citigroup reissued a “buy” rating on shares of Workiva in a report on Thursday, August 6th. Robert W. Baird set a $74.00 price objective on Workiva in a report on Wednesday, May 6th. UBS Group set a $70.00 target price on Workiva in a research report on Wednesday, August 5th. Weiss Ratings upgraded Workiva from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 6th. Finally, Zacks Research raised Workiva from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $84.75.

Insider Buying and Selling at Workiva

In related news, Director Robert H. Herz sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $49.69, for a total value of $49,690.00. Following the completion of the transaction, the director directly owned 34,802 shares of the company’s stock, valued at $1,729,311.38. This trade represents a 2.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.77% of the stock is currently owned by corporate insiders.

Workiva 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.