Oberndorf William E maintained its position in Workiva Inc. (NYSE:WK) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,369,384 shares of the software maker’s stock at the end of the second quarter. Workiva comprises 46.0% of Oberndorf William E’s investment portfolio, making the stock its largest holding. Oberndorf William E owned 5.73% of Workiva worth $45,137,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of WK. Legal & General Group Plc boosted its stake in Workiva by 9.3% in the 2nd quarter. Legal & General Group Plc now owns 6,999 shares of the software maker’s stock worth $134,000 after purchasing an additional 597 shares during the period. Bank of Montreal Can acquired a new stake in shares of Workiva during the 2nd quarter valued at $162,000. American International Group Inc. boosted its stake in shares of Workiva by 7.0% during the 1st quarter. American International Group Inc. now owns 13,520 shares of the software maker’s stock valued at $212,000 after buying an additional 888 shares during the period. First PREMIER Bank boosted its stake in shares of Workiva by 15.6% during the 2nd quarter. First PREMIER Bank now owns 13,724 shares of the software maker’s stock valued at $261,000 after buying an additional 1,855 shares during the period. Finally, North Run Capital LP acquired a new stake in shares of Workiva during the 1st quarter valued at $292,000. Hedge funds and other institutional investors own 43.27% of the company’s stock.
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A number of equities research analysts have issued reports on the stock. Stifel Nicolaus reissued a “buy” rating and set a $21.00 target price on shares of Workiva in a research note on Friday, August 4th. Robert W. Baird lifted their price objective on shares of Workiva from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $18.00 price objective (up previously from $16.00) on shares of Workiva in a research note on Tuesday, July 25th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $24.00 price objective (up previously from $22.00) on shares of Workiva in a research note on Wednesday. Finally, BidaskClub lowered shares of Workiva from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Workiva currently has an average rating of “Hold” and a consensus price target of $20.57.
In related news, VP Joseph H. Howell sold 24,000 shares of the business’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $18.61, for a total value of $446,640.00. Following the transaction, the vice president now directly owns 22,048 shares of the company’s stock, valued at approximately $410,313.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Jerome M. Behar sold 125,000 shares of the company’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $20.52, for a total transaction of $2,565,000.00. The disclosure for this sale can be found here. Insiders sold a total of 490,667 shares of company stock worth $9,864,814 over the last three months. 33.40% of the stock is owned by insiders.
Workiva Inc. (WK) opened at 20.20 on Friday. Workiva Inc. has a 12-month low of $12.15 and a 12-month high of $20.95. The company’s market cap is $844.89 million. The stock’s 50 day moving average is $19.67 and its 200 day moving average is $18.16.
Workiva (NYSE:WK) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.25) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.06. The company had revenue of $49.40 million for the quarter, compared to the consensus estimate of $48.37 million. Workiva had a negative net margin of 18.94% and a negative return on equity of 13,251.94%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.20) EPS. On average, equities analysts forecast that Workiva Inc. will post ($0.63) earnings per share for the current year.
Workiva Inc provides enterprises with cloud solutions for improving productivity, accountability and insight into business data. The Company created Wdesk, a collaborative work management platform for organizations to collect, link, report and analyze their business data. Wdesk’s word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail.
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