Workiva Inc. (NYSE:WK) CFO Jill Klindt Sells 5,593 Shares

Workiva Inc. (NYSE:WK) CFO Jill Klindt sold 5,593 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $85.04, for a total value of $475,628.72. Following the completion of the transaction, the chief financial officer now owns 119,054 shares of the company’s stock, valued at $10,124,352.16. This trade represents a 4.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Workiva Trading Down 1.0 %

Shares of Workiva stock opened at $85.89 on Monday. The company has a fifty day moving average price of $98.88 and a 200 day moving average price of $91.42. Workiva Inc. has a twelve month low of $65.47 and a twelve month high of $116.83. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of -93.36 and a beta of 1.09.

Hedge Funds Weigh In On Workiva

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Twin Tree Management LP purchased a new position in Workiva in the 4th quarter valued at about $25,000. Johnson Financial Group Inc. bought a new position in shares of Workiva during the fourth quarter worth about $66,000. GeoWealth Management LLC lifted its position in shares of Workiva by 3,010.0% during the fourth quarter. GeoWealth Management LLC now owns 622 shares of the software maker’s stock worth $68,000 after purchasing an additional 602 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Workiva by 14,650.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 885 shares of the software maker’s stock worth $97,000 after purchasing an additional 879 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Workiva by 8.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker’s stock worth $159,000 after purchasing an additional 116 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WK has been the subject of several analyst reports. Stifel Nicolaus cut their price target on Workiva from $130.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. The Goldman Sachs Group upped their price objective on Workiva from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Raymond James upgraded Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price objective for the company in a report on Friday, January 3rd. Citigroup upped their price objective on Workiva from $128.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Finally, Robert W. Baird upped their price objective on Workiva from $110.00 to $130.00 and gave the stock 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $121.57.

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.