Workiva (NYSE:WK) Price Target Raised to $102.00 at Stifel Nicolaus

Workiva (NYSE:WK) had its price target raised by Stifel Nicolaus from $85.00 to $102.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has a hold rating on the software maker’s stock.

A number of other equities analysts have also weighed in on the stock. Robert W. Baird upped their target price on shares of Workiva from $94.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday. BMO Capital Markets upped their price objective on Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday. Northland Securities decreased their price objective on Workiva from $106.00 to $95.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Finally, StockNews.com cut Workiva from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Workiva has a consensus rating of “Moderate Buy” and a consensus price target of $103.20.

Workiva Stock Performance

Shares of WK opened at $94.75 on Thursday. The stock has a 50 day simple moving average of $78.71 and a 200 day simple moving average of $77.21. Workiva has a 52-week low of $65.47 and a 52-week high of $105.00. The firm has a market capitalization of $5.23 billion, a PE ratio of -102.99 and a beta of 1.05.

Insider Activity

In related news, EVP Michael D. Hawkins sold 2,761 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 49,887 shares of the company’s stock, valued at approximately $3,721,570.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.86% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WK. Intech Investment Management LLC bought a new stake in shares of Workiva during the third quarter worth approximately $862,000. King Luther Capital Management Corp lifted its holdings in Workiva by 3.2% during the 3rd quarter. King Luther Capital Management Corp now owns 66,580 shares of the software maker’s stock worth $5,268,000 after purchasing an additional 2,079 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Workiva by 345.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 92,451 shares of the software maker’s stock valued at $7,315,000 after purchasing an additional 71,719 shares during the period. Quest Partners LLC grew its holdings in Workiva by 441.6% in the 3rd quarter. Quest Partners LLC now owns 14,633 shares of the software maker’s stock valued at $1,158,000 after buying an additional 11,931 shares in the last quarter. Finally, Mutual of America Capital Management LLC grew its holdings in Workiva by 138.8% in the 3rd quarter. Mutual of America Capital Management LLC now owns 54,059 shares of the software maker’s stock valued at $4,277,000 after buying an additional 31,421 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

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.