Workiva Inc. (NYSE:WK) VP Joseph H. Howell sold 24,000 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $17.61, for a total transaction of $422,640.00. Following the transaction, the vice president now owns 15,581 shares in the company, valued at $274,381.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Workiva Inc. (NYSE:WK) opened at 17.62 on Thursday. The stock’s market cap is $723.44 million. The company’s 50-day moving average is $17.96 and its 200-day moving average is $14.34. Workiva Inc. has a 52-week low of $10.91 and a 52-week high of $19.04.
Workiva (NYSE:WK) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.14. Workiva had a negative net margin of 29.62% and a negative return on equity of 233.03%. The company had revenue of $43 million for the quarter, compared to the consensus estimate of $42.07 million. During the same period in the previous year, the firm earned ($0.21) earnings per share. Workiva’s quarterly revenue was up 26.5% compared to the same quarter last year. Equities analysts anticipate that Workiva Inc. will post ($0.98) EPS for the current year.
A number of research firms have recently issued reports on WK. Raymond James Financial Inc. increased their price objective on shares of Workiva from $16.00 to $21.00 and gave the company an “outperform” rating in a research note on Thursday, September 8th. Stifel Nicolaus increased their price objective on shares of Workiva from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, September 8th. Robert W. Baird reiterated an “outperform” rating and set a $18.00 price objective on shares of Workiva in a research note on Thursday, August 18th. Zacks Investment Research upgraded shares of Workiva from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Thursday, August 11th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Workiva in a research note on Wednesday, June 29th. Six analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of $19.40.
A number of institutional investors have recently modified their holdings of the company. Royal Bank of Canada increased its stake in Workiva by 98.4% in the second quarter. Royal Bank of Canada now owns 12,372 shares of the company’s stock worth $169,000 after buying an additional 6,135 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Workiva by 52.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 62,060 shares of the company’s stock worth $848,000 after buying an additional 21,282 shares during the period. Metropolitan Life Insurance Co. NY bought a new stake in Workiva during the second quarter worth about $227,000. Mairs & Power INC increased its stake in Workiva by 47.5% in the second quarter. Mairs & Power INC now owns 183,023 shares of the company’s stock worth $2,500,000 after buying an additional 58,900 shares during the period. Finally, State Street Corp increased its stake in Workiva by 271.9% in the second quarter. State Street Corp now owns 290,973 shares of the company’s stock worth $3,976,000 after buying an additional 212,743 shares during the period. 32.56% of the stock is currently owned by institutional investors.
Workiva Inc develops Wdesk, a cloud-based productivity platform for enterprises to collect, link, report and analyze business data with control and accountability. The Wdesk word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail.
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