Workiva Inc. (NYSE:WK) major shareholder Jerome M. Behar sold 36,579 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $20.00, for a total transaction of $731,580.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Workiva Inc. (NYSE WK) opened at 19.90 on Friday. Workiva Inc. has a 52-week low of $12.15 and a 52-week high of $20.95. The firm’s market capitalization is $832.34 million. The company’s 50-day moving average is $19.65 and its 200 day moving average is $17.15.
Workiva (NYSE:WK) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.25) EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $49.40 million for the quarter, compared to analysts’ expectations of $48.37 million. During the same period last year, the business earned ($0.20) earnings per share. The business’s quarterly revenue was up 14.9% on a year-over-year basis. Analysts expect that Workiva Inc. will post ($0.63) EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of WK. ETF Managers Group LLC acquired a new position in shares of Workiva during the second quarter worth approximately $118,000. Legal & General Group Plc boosted its position in shares of Workiva by 9.3% in the second quarter. Legal & General Group Plc now owns 6,999 shares of the software maker’s stock worth $134,000 after buying an additional 597 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Workiva during the second quarter worth approximately $162,000. Voya Investment Management LLC purchased a new position in shares of Workiva during the second quarter valued at about $192,000. Finally, American International Group Inc. boosted its position in shares of Workiva by 7.0% in the first 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 in the last quarter. Institutional investors and hedge funds own 41.18% of the company’s stock.
Several equities research analysts recently issued reports on WK shares. BidaskClub lowered shares of Workiva from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. SunTrust Banks, Inc. started coverage on shares of Workiva in a report on Monday, June 26th. They set a “buy” rating and a $22.00 price target on the stock. Stifel Nicolaus lifted their price target on shares of Workiva from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday. Northland Securities reaffirmed a “buy” rating and set a $18.00 price target on shares of Workiva in a report on Friday, July 28th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $18.00 price target (up from $16.00) on shares of Workiva in a report on Tuesday, July 25th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $19.13.
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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