Praesidium Investment Management Company LLC Acquires New Position in Workiva Inc. $WK

Praesidium Investment Management Company LLC acquired a new stake in Workiva Inc. (NYSE:WK) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 95,218 shares of the software maker’s stock, valued at approximately $4,619,025,000. Workiva makes up approximately 2.2% of Praesidium Investment Management Company LLC’s investment portfolio, making the stock its 12th biggest holding. Praesidium Investment Management Company LLC owned 0.17% of Workiva as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its holdings in shares of 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 acquired a new position in Workiva during the fourth quarter worth $26,000. Leonteq Securities AG purchased a new position in Workiva in the fourth quarter worth $27,000. Allworth Financial LP raised its position in 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 acquiring an additional 186 shares in the last quarter. Finally, Quarry LP raised its position in Workiva by 396.3% in the fourth quarter. Quarry LP now owns 407 shares of the software maker’s stock worth $35,000 after acquiring an additional 325 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insider Activity

In other Workiva news, Director Robert H. Herz sold 1,000 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 34,802 shares in the company, valued at approximately $1,729,311.38. This trade represents a 2.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Brandon Ziegler sold 6,571 shares of Workiva stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $75.97, for a total transaction of $499,198.87. Following the transaction, the executive vice president owned 126,216 shares of the company’s stock, valued at approximately $9,588,629.52. The trade was a 4.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 4.77% of the company’s stock.

Workiva Stock Performance

WK opened at $74.79 on Thursday. The business’s fifty day moving average is $58.64 and its two-hundred day moving average is $56.94. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 91.21 and a beta of 0.46. Workiva Inc. has a one year low of $43.34 and a one year high of $97.10.

Workiva (NYSE:WK) last posted its earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.13. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%.The company had revenue of $255.29 million for the quarter, compared to analyst estimates of $251.16 million. During the same quarter in the prior year, the company earned $0.19 earnings per share. Workiva’s 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, analysts predict that Workiva Inc. will post 1.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Stephens restated an “overweight” rating and set a $68.00 target price on shares of Workiva in a research report on Tuesday, May 26th. Wall Street Zen upgraded shares of Workiva from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Zacks Research upgraded shares of Workiva from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. UBS Group set a $70.00 price objective on shares of Workiva in a report on Wednesday, August 5th. Finally, Raymond James Financial restated an “outperform” rating and set a $85.00 target price on shares of Workiva in a research report on Wednesday, May 6th. 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $84.75.

About Workiva

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.