Workiva Inc. (NYSE:WK) Shares Sold by Atria Investments Inc

Atria Investments Inc trimmed its stake in shares of Workiva Inc. (NYSE:WK) by 8.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,567 shares of the software maker’s stock after selling 431 shares during the quarter. Atria Investments Inc’s holdings in Workiva were worth $361,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in WK. Vanguard Group Inc. raised its position in shares of Workiva by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 5,185,929 shares of the software maker’s stock worth $439,767,000 after purchasing an additional 181,520 shares during the last quarter. Conestoga Capital Advisors LLC lifted its position in shares of Workiva by 2.8% during the second quarter. Conestoga Capital Advisors LLC now owns 1,188,445 shares of the software maker’s stock worth $86,745,000 after purchasing an additional 32,230 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Workiva by 14.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 392,951 shares of the software maker’s stock valued at $28,682,000 after buying an additional 49,222 shares during the last quarter. William Blair Investment Management LLC grew its stake in Workiva by 8.3% during the 2nd quarter. William Blair Investment Management LLC now owns 377,832 shares of the software maker’s stock valued at $27,578,000 after purchasing an additional 29,005 shares in the last quarter. Finally, Swedbank AB acquired a new stake in Workiva in the first quarter valued at $16,180,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Michael D. Hawkins sold 2,761 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $74.60, for a total value of $205,970.60. Following the completion of the sale, the executive vice president now directly owns 49,887 shares of the company’s stock, valued at approximately $3,721,570.20. This represents a 5.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.86% of the company’s stock.

Workiva Stock Up 2.5 %

Shares of NYSE:WK opened at $94.53 on Friday. Workiva Inc. has a fifty-two week low of $65.47 and a fifty-two week high of $105.00. The company has a market cap of $5.24 billion, a PE ratio of -102.75 and a beta of 1.05. The company’s 50-day moving average price is $82.16 and its 200 day moving average price is $78.02.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on WK shares. Northland Securities cut their target price on shares of Workiva from $106.00 to $95.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Robert W. Baird lifted their target price on Workiva from $94.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. BMO Capital Markets upped their price target on Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a research report 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, Stifel Nicolaus raised their price target on shares of Workiva from $85.00 to $102.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $103.20.

Workiva Company Profile

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.