Workiva Inc. (NYSE:WK) major shareholder Jerome M. Behar sold 12,500 shares of Workiva stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $22.05, for a total transaction of $275,625.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Workiva Inc. (NYSE WK) opened at 22.20 on Wednesday. The company’s 50-day moving average is $20.62 and its 200-day moving average is $18.94. Workiva Inc. has a 52-week low of $12.15 and a 52-week high of $22.70. The stock’s market cap is $928.54 million.
Workiva (NYSE:WK) last posted its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.25) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.06. Workiva had a negative net margin of 18.94% and a negative return on equity of 13,251.94%. The company had revenue of $49.40 million during the quarter, compared to analysts’ expectations of $48.37 million. During the same quarter in the previous year, the business posted ($0.20) EPS. The firm’s revenue was up 14.9% on a year-over-year basis. Equities analysts anticipate that Workiva Inc. will post ($0.63) EPS for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd acquired a new position in shares of Workiva in the 2nd quarter valued at $289,000. California State Teachers Retirement System boosted its holdings in shares of Workiva by 1.6% in the 2nd quarter. California State Teachers Retirement System now owns 43,968 shares of the software maker’s stock valued at $838,000 after buying an additional 700 shares in the last quarter. State Street Corp boosted its holdings in shares of Workiva by 12.3% in the 2nd quarter. State Street Corp now owns 371,323 shares of the software maker’s stock valued at $7,074,000 after buying an additional 40,657 shares in the last quarter. ETF Managers Group LLC acquired a new position in shares of Workiva in the 2nd quarter valued at $118,000. Finally, PDT Partners LLC acquired a new position in shares of Workiva in the 2nd quarter valued at $911,000. Institutional investors own 32.18% of the company’s stock.
A number of equities research analysts have commented on WK shares. Zacks Investment Research raised shares of Workiva from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Thursday, October 5th. SunTrust Banks, Inc. reissued a “buy” rating and set a $24.00 price objective (up previously from $22.00) on shares of Workiva in a research report on Wednesday, September 20th. Northland Securities set a $23.00 price objective on shares of Workiva and gave the company a “buy” rating in a research report on Sunday, September 10th. Stifel Nicolaus boosted their price objective on shares of Workiva from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, August 18th. Finally, BidaskClub downgraded shares of Workiva from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $21.57.
Workiva Company Profile
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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