Workiva Inc (WK) CEO Sells $1,239,250.00 in Stock

Workiva Inc (NYSE:WK) CEO Martin J. Vanderploeg sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $49.57, for a total value of $1,239,250.00. Following the transaction, the chief executive officer now owns 314,918 shares of the company’s stock, valued at $15,610,485.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NYSE WK opened at $49.53 on Friday. The firm has a market capitalization of $2.23 billion, a P/E ratio of -53.26 and a beta of 1.13. Workiva Inc has a one year low of $22.00 and a one year high of $51.36.

Workiva (NYSE:WK) last issued its earnings results on Wednesday, February 20th. The software maker reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.09. The firm had revenue of $64.40 million during the quarter, compared to analyst estimates of $62.70 million. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.19) earnings per share. Research analysts predict that Workiva Inc will post -1.12 EPS for the current fiscal year.



Separately, Zacks Investment Research lowered Workiva from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Workiva presently has a consensus rating of “Buy” and an average target price of $38.67.

A number of institutional investors have recently added to or reduced their stakes in WK. Hillsdale Investment Management Inc. bought a new stake in shares of Workiva during the third quarter worth $1,884,000. Morgan Stanley grew its holdings in shares of Workiva by 6.4% during the third quarter. Morgan Stanley now owns 711,783 shares of the software maker’s stock worth $28,115,000 after purchasing an additional 42,766 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Workiva by 9.3% during the third quarter. Vanguard Group Inc. now owns 1,950,170 shares of the software maker’s stock worth $77,031,000 after purchasing an additional 166,051 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Workiva by 150.6% in the third quarter. AQR Capital Management LLC now owns 43,850 shares of the software maker’s stock valued at $1,732,000 after acquiring an additional 26,354 shares during the last quarter. Finally, Vanguard Group Inc boosted its holdings in Workiva by 9.3% in the third quarter. Vanguard Group Inc now owns 1,950,170 shares of the software maker’s stock valued at $77,031,000 after acquiring an additional 166,051 shares during the last quarter. Hedge funds and other institutional investors own 48.46% of the company’s stock.

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Workiva Company Profile

Workiva Inc provides cloud-based solutions for connected data, reporting, and compliance worldwide. The company offers Wdesk, a platform that provides data collection and linking, data integrations, controlled collaboration, granular permissions, process management, and full audit trail services; and Wdata, which includes data preparation tools, data connectors, and application programming interfaces that enable customers to create direct connections to their data.

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Insider Buying and Selling by Quarter for Workiva (NYSE:WK)

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