Workiva Inc. (NYSE:WK) EVP Sells $890,266.03 in Stock

Workiva Inc. (NYSE:WK) EVP Michael D. Hawkins sold 10,421 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $85.43, for a total value of $890,266.03. Following the completion of the transaction, the executive vice president now owns 61,298 shares of the company’s stock, valued at $5,236,688.14. The trade was a 14.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Workiva Stock Performance

Shares of NYSE:WK opened at $85.89 on Friday. The company has a market cap of $4.76 billion, a P/E ratio of -93.36 and a beta of 1.09. Workiva Inc. has a one year low of $65.47 and a one year high of $116.83. The business’s 50-day simple moving average is $99.39 and its 200 day simple moving average is $91.20.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WK. Citigroup increased their price objective on Workiva from $128.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Stifel Nicolaus lowered their target price on Workiva from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Raymond James raised Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 target price on the stock in a report on Friday, January 3rd. The Goldman Sachs Group upped their target price on Workiva from $120.00 to $133.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, Robert W. Baird upped their target price on Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, December 13th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $121.57.

Institutional Investors Weigh In On Workiva

A number of hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC grew its stake in Workiva by 8.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker’s stock valued at $159,000 after purchasing an additional 116 shares in the last quarter. World Investment Advisors grew its position in shares of 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 in the last quarter. Park Avenue Securities LLC grew its position in shares of 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 in the last quarter. Arizona State Retirement System grew its position in shares of 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 in the last quarter. Finally, Twin Tree Management LP acquired a new position in shares of Workiva in the 4th quarter worth approximately $25,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

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.