Workiva Inc. (NYSE:WK) VP Joseph H. Howell sold 24,000 shares of Workiva stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $18.61, for a total transaction of $446,640.00. Following the completion of the transaction, the vice president now owns 22,048 shares in the company, valued at $410,313.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Workiva Inc. (WK) opened at 19.20 on Monday. The firm’s market capitalization is $794.44 million. The stock’s 50 day moving average is $18.46 and its 200-day moving average is $15.60. Workiva Inc. has a 52 week low of $12.15 and a 52 week high of $20.15.
Workiva (NYSE:WK) last released its earnings results on Thursday, May 4th. The software maker reported ($0.04) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.11. The firm had revenue of $51.90 million for the quarter, compared to analysts’ expectations of $50.67 million. Workiva had a negative net margin of 20.31% and a negative return on equity of 13,251.94%. Workiva’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.21) EPS. On average, equities research analysts expect that Workiva Inc. will post ($0.66) EPS for the current year.
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A number of research analysts have commented on the stock. SunTrust Banks, Inc. assumed coverage on shares of Workiva in a research note on Monday, June 26th. They issued a “buy” rating and a $22.00 price objective on the stock. Credit Suisse Group lifted their price objective on shares of Workiva from $16.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, May 5th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Workiva has an average rating of “Hold” and a consensus price target of $18.86.
Several institutional investors have recently made changes to their positions in WK. Oberndorf William E boosted its position in shares of Workiva by 38.8% in the first quarter. Oberndorf William E now owns 2,369,384 shares of the software maker’s stock valued at $37,081,000 after buying an additional 662,408 shares during the last quarter. Vanguard Group Inc. boosted its stake in Workiva by 13.6% in the first quarter. Vanguard Group Inc. now owns 1,189,018 shares of the software maker’s stock valued at $18,609,000 after buying an additional 141,977 shares in the last quarter. Highwater Wealth Management LLC bought a new stake in Workiva during the first quarter valued at approximately $11,738,000. Frontier Capital Management Co. LLC bought a new stake in Workiva during the first quarter valued at approximately $5,678,000. Finally, State Street Corp boosted its stake in Workiva by 4.4% in the fourth quarter. State Street Corp now owns 331,358 shares of the software maker’s stock valued at $4,524,000 after buying an additional 13,881 shares in the last quarter. 40.75% of the stock is currently owned by institutional investors.
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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