Workiva (NYSE:WK) Stock Rating Lowered by Wall Street Zen

Workiva (NYSE:WK) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday, Wall Street Zen reports.

Several other analysts have also recently issued reports on WK. Citigroup reaffirmed a “buy” rating on shares of Workiva in a research note on Thursday, August 6th. Stifel Nicolaus set a $95.00 target price on shares of Workiva in a research note on Thursday, August 27th. BTIG Research set a $85.00 target price on Workiva in a report on Wednesday, September 16th. Weiss Ratings upgraded Workiva from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 6th. Finally, Zacks Research lowered Workiva from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Nine equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Workiva Stock Down 0.3%

Workiva stock opened at $73.05 on Friday. Workiva has a 52-week low of $43.34 and a 52-week high of $97.10. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 89.09 and a beta of 0.53. The company has a fifty day simple moving average of $71.70 and a 200-day simple moving average of $59.38.

Workiva (NYSE:WK) last issued its earnings results on Tuesday, August 4th. The software maker reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. The business had revenue of $255.29 million during the quarter, compared to analysts’ expectations of $251.16 million. Workiva had a net margin of 4.87% and a negative return on equity of 140.17%. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 earnings per share. 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, research analysts anticipate that Workiva will post 1.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Workiva news, EVP Brandon Ziegler sold 6,571 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $75.97, for a total value of $499,198.87. Following the transaction, the executive vice president directly owned 126,216 shares in the company, valued at $9,588,629.52. The trade was a 4.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.77% of the stock is owned by insiders.

Institutional Trading of Workiva

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Workiva by 91.4% during the third quarter. GAMMA Investing LLC now owns 2,901 shares of the software maker’s stock worth $193,000 after purchasing an additional 1,385 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Workiva by 43.8% in the third quarter. Farther Finance Advisors LLC now owns 732 shares of the software maker’s stock valued at $49,000 after buying an additional 223 shares in the last quarter. Ausbil Investment Management Ltd acquired a new stake in shares of Workiva in the third quarter valued at $480,000. Lakehouse Capital Pty Ltd grew its stake in shares of Workiva by 97.7% in the third quarter. Lakehouse Capital Pty Ltd now owns 199,776 shares of the software maker’s stock valued at $13,299,000 after buying an additional 98,750 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of Workiva by 66.7% in the 3rd quarter. Versant Capital Management Inc now owns 887 shares of the software maker’s stock valued at $59,000 after buying an additional 355 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Workiva Company Profile

Workiva Inc is a cloud-based software company that helps organizations manage complex reporting, compliance and operational processes. Its platform connects data from multiple sources, enabling users to prepare, review and distribute financial reports, regulatory filings, management reports and other business documents through a collaborative digital environment.

The company’s products support financial reporting, environmental, social and governance (ESG) reporting, risk management, internal controls, audit management and regulatory compliance.