Workiva (NYSE:WK) Trading Down 4.5% – Should You Sell?

Workiva Inc. (NYSE:WK)’s share price traded down 4.5% during mid-day trading on Tuesday . The stock traded as low as $69.66 and last traded at $69.53. 99,803 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 979,157 shares. The stock had previously closed at $72.84.

Analysts Set New Price Targets

A number of research firms have recently commented on WK. Weiss Ratings raised shares of Workiva from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 6th. Wall Street Zen cut shares of Workiva from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 29th. Citigroup reissued a “buy” rating on shares of Workiva in a research report on Thursday, August 6th. BTIG Research set a $85.00 price objective on Workiva in a research note on Wednesday, September 16th. Finally, UBS Group set a $70.00 target price on Workiva in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Workiva presently has an average rating of “Moderate Buy” and an average price target of $88.30.

Workiva Trading Up 1.5%

The firm has a market cap of $3.98 billion, a P/E ratio of 86.44 and a beta of 0.49. The company’s fifty day moving average price is $68.37 and its two-hundred day moving average price is $58.70.

Workiva (NYSE:WK) last announced its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.13. The firm had revenue of $255.29 million during the quarter, compared to the consensus estimate of $251.16 million. Workiva had a net margin of 4.87% and a negative return on equity of 140.17%. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. During the same period last year, the firm posted $0.19 EPS. 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.

Insider Activity at Workiva

In related news, EVP Brandon Ziegler sold 6,571 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $75.97, for a total transaction of $499,198.87. Following the sale, the executive vice president directly owned 126,216 shares in the company, valued at $9,588,629.52. This represents a 4.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.77% of the stock is owned by insiders.

Hedge Funds Weigh In On Workiva

Several institutional investors have recently bought and sold shares of WK. Leonteq Securities AG acquired a new stake in shares of Workiva in the fourth quarter valued at $27,000. IFP Advisors Inc lifted its position in Workiva by 297.1% during the 4th quarter. IFP Advisors Inc now owns 413 shares of the software maker’s stock worth $36,000 after buying an additional 309 shares in the last quarter. Versant Capital Management Inc grew its holdings in Workiva by 202.3% during the 2nd quarter. Versant Capital Management Inc now owns 532 shares of the software maker’s stock worth $26,000 after acquiring an additional 356 shares during the last quarter. Optiver Holding B.V. increased its position in Workiva by 454.5% in the 1st quarter. Optiver Holding B.V. now owns 621 shares of the software maker’s stock valued at $37,000 after acquiring an additional 509 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in Workiva by 60.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 810 shares of the software maker’s stock valued at $70,000 after acquiring an additional 306 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Workiva Company Profile

Workiva Inc (NYSE: WK) is a cloud-based software company that provides connected reporting and compliance solutions for organizations. Its platform is designed to help businesses manage financial reporting, regulatory filings, environmental, social and governance (ESG) reporting, internal controls, risk management and audit-related processes in a centralized, collaborative environment.

Workiva’s offerings support the preparation and distribution of documents such as annual reports, quarterly filings, earnings materials and sustainability reports.