Workiva Inc. (NYSE:WK - Get Free Report) CAO Brandon Ziegler sold 4,115 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $85.72, for a total transaction of $352,737.80. Following the completion of the sale, the chief accounting officer now directly owns 103,509 shares of the company's stock, valued at $8,872,791.48. This represents a 3.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
Workiva Stock Down 1.0 %
NYSE WK opened at $85.89 on Friday. The stock has a market cap of $4.76 billion, a PE ratio of -93.36 and a beta of 1.09. Workiva Inc. has a fifty-two week low of $65.47 and a fifty-two week high of $116.83. The business has a 50 day moving average price of $99.39 and a two-hundred day moving average price of $91.20.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. Stifel Nicolaus decreased their target price on shares of Workiva from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. BMO Capital Markets dropped their price objective on shares of Workiva from $120.00 to $108.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Robert W. Baird upped their price objective on shares of Workiva from $110.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Citigroup upped their price objective on shares of Workiva from $128.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Finally, Raymond James raised shares of Workiva from a "market perform" rating to an "outperform" rating and set a $135.00 target price for the company in a research report on Friday, January 3rd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Workiva has a consensus rating of "Moderate Buy" and a consensus price target of $121.57.
Check Out Our Latest Report on Workiva
Hedge Funds Weigh In On Workiva
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC boosted its holdings in Workiva by 8.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker's stock worth $159,000 after acquiring an additional 116 shares during the period. World Investment Advisors boosted its holdings in Workiva by 2.7% in the 4th quarter. World Investment Advisors now owns 5,135 shares of the software maker's stock worth $562,000 after acquiring an additional 135 shares during the period. Park Avenue Securities LLC boosted its holdings in Workiva by 4.5% in the 4th quarter. Park Avenue Securities LLC now owns 4,561 shares of the software maker's stock worth $499,000 after acquiring an additional 198 shares during the period. Arizona State Retirement System boosted its holdings in Workiva by 1.6% in the 4th quarter. Arizona State Retirement System now owns 14,170 shares of the software maker's stock worth $1,552,000 after acquiring an additional 224 shares during the period. Finally, Twin Tree Management LP purchased a new position in Workiva in the 4th quarter worth approximately $25,000. Hedge funds and other institutional investors own 92.21% of the company's stock.
About Workiva
(
Get Free Report)
Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.
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