Workiva Inc. (NYSE:WK) Receives $103.20 Average Target Price from Brokerages

Shares of Workiva Inc. (NYSE:WK) have earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $103.20.

A number of brokerages have recently commented on WK. Stifel Nicolaus upped their price target on Workiva from $85.00 to $102.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Robert W. Baird upped their price objective on shares of Workiva from $94.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. BMO Capital Markets lifted their target price on shares of Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. StockNews.com downgraded shares of Workiva from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Finally, Northland Securities lowered their target price on shares of Workiva from $106.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd.

Workiva Trading Down 1.9 %

NYSE:WK opened at $96.85 on Friday. The firm’s 50 day moving average is $83.86 and its 200 day moving average is $78.43. Workiva has a 12 month low of $65.47 and a 12 month high of $105.00. The stock has a market capitalization of $5.36 billion, a PE ratio of -105.27 and a beta of 1.05.

Insider Buying and Selling

In related news, EVP Michael D. Hawkins sold 2,761 shares of Workiva stock in a transaction on Friday, September 13th. The stock was sold at an average price of $74.60, for a total transaction of $205,970.60. Following the completion of the sale, the executive vice president now owns 49,887 shares of the company’s stock, valued at approximately $3,721,570.20. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.86% of the stock is currently owned by insiders.

Institutional Trading of Workiva

Institutional investors and hedge funds have recently modified their holdings of the business. Versor Investments LP bought a new position in shares of Workiva in the third quarter worth approximately $1,217,000. TimesSquare Capital Management LLC raised its position in shares of Workiva by 4.3% during the 3rd quarter. TimesSquare Capital Management LLC now owns 467,769 shares of the software maker’s stock valued at $37,010,000 after buying an additional 19,095 shares in the last quarter. Cetera Investment Advisers bought a new stake in shares of Workiva during the 1st quarter worth $1,629,000. Mutual of America Capital Management LLC grew its position in Workiva by 138.8% in the third quarter. Mutual of America Capital Management LLC now owns 54,059 shares of the software maker’s stock worth $4,277,000 after acquiring an additional 31,421 shares in the last quarter. Finally, Comerica Bank grew its position in Workiva by 23.8% in the first quarter. Comerica Bank now owns 87,999 shares of the software maker’s stock worth $7,462,000 after acquiring an additional 16,943 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

About Workiva

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.