Workiva Inc. $WK Holdings Decreased by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its position in shares of Workiva Inc. (NYSE:WK) by 25.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 209,140 shares of the software maker’s stock after selling 69,900 shares during the period. Renaissance Technologies LLC’s holdings in Workiva were worth $12,471,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its holdings in Workiva by 88.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,109,646 shares of the software maker’s stock worth $66,168,000 after purchasing an additional 520,839 shares during the period. Conestoga Capital Advisors LLC lifted its position in shares of Workiva by 8.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,083,243 shares of the software maker’s stock worth $93,430,000 after buying an additional 87,056 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Workiva in the 3rd quarter valued at about $88,289,000. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Workiva by 11.4% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 893,859 shares of the software maker’s stock valued at $77,095,000 after buying an additional 91,808 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Workiva by 16.4% during the 1st quarter. First Trust Advisors LP now owns 862,936 shares of the software maker’s stock valued at $51,457,000 after buying an additional 121,643 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

Insider Activity at Workiva

In other Workiva news, Director Robert H. Herz sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $49.69, for a total value of $49,690.00. Following the sale, the director owned 34,802 shares in the company, valued at approximately $1,729,311.38. This trade represents a 2.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on WK shares. Stifel Nicolaus dropped their price objective on shares of Workiva from $79.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. BTIG Research decreased their target price on Workiva from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Zacks Research lowered Workiva from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Raymond James Financial reiterated an “outperform” rating and set a $85.00 price target on shares of Workiva in a research report on Wednesday, May 6th. Finally, Wall Street Zen raised Workiva from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Ten analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Workiva currently has an average rating of “Moderate Buy” and a consensus target price of $88.50.

Workiva Stock Performance

Workiva stock opened at $59.87 on Friday. Workiva Inc. has a one year low of $43.34 and a one year high of $97.10. The company has a 50-day simple moving average of $51.37 and a 200-day simple moving average of $58.53. The firm has a market capitalization of $3.36 billion, a P/E ratio of 260.29 and a beta of 0.50.

Workiva (NYSE:WK) last issued its quarterly earnings data on Tuesday, May 5th. The software maker reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.11. The firm had revenue of $247.31 million for the quarter, compared to the consensus estimate of $245.17 million. Workiva had a net margin of 1.53% and a negative return on equity of 68.43%. Workiva’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period last year, the firm posted $0.14 EPS. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. As a group, sell-side analysts forecast that Workiva Inc. will post 0.92 earnings per share for the current year.

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.