Workiva Inc (NYSE:WK) Receives Consensus Rating of “Buy” from Analysts

Workiva Inc (NYSE:WK) has earned a consensus rating of “Buy” from the six brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $44.17.

WK has been the topic of a number of research reports. Zacks Investment Research lowered shares of Workiva from a “buy” rating to a “hold” rating in a research note on Saturday, March 2nd. SunTrust Banks raised their price target on shares of Workiva to $58.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd.

In other news, VP Jeff D. Trom sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $49.75, for a total transaction of $995,000.00. Following the completion of the sale, the vice president now owns 274,998 shares in the company, valued at approximately $13,681,150.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Martin J. Vanderploeg sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $54.60, for a total transaction of $1,365,000.00. The disclosure for this sale can be found here. Insiders sold a total of 176,585 shares of company stock worth $9,224,655 over the last three months. Corporate insiders own 18.46% of the company’s stock.



Hedge funds and other institutional investors have recently made changes to their positions in the company. US Bancorp DE increased its holdings in Workiva by 1.6% in the 1st quarter. US Bancorp DE now owns 13,119 shares of the software maker’s stock valued at $665,000 after purchasing an additional 205 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Workiva by 0.9% in the 4th quarter. Hsbc Holdings PLC now owns 35,437 shares of the software maker’s stock valued at $1,272,000 after purchasing an additional 314 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Workiva by 1.4% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 27,424 shares of the software maker’s stock valued at $984,000 after purchasing an additional 366 shares during the last quarter. Macquarie Group Ltd. increased its holdings in Workiva by 57.1% in the 4th quarter. Macquarie Group Ltd. now owns 1,100 shares of the software maker’s stock valued at $39,000 after purchasing an additional 400 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its holdings in Workiva by 1.2% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 37,405 shares of the software maker’s stock valued at $1,896,000 after purchasing an additional 440 shares during the last quarter. Institutional investors and hedge funds own 51.49% of the company’s stock.

Shares of NYSE:WK traded up $1.27 during trading on Friday, reaching $55.91. 6,272 shares of the company’s stock traded hands, compared to its average volume of 329,766. Workiva has a fifty-two week low of $23.95 and a fifty-two week high of $57.11. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 9.78. The stock has a market capitalization of $2.51 billion, a PE ratio of -60.06 and a beta of 1.00.

Workiva (NYSE:WK) last issued its quarterly earnings results on Wednesday, May 1st. The software maker reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.05. The company had revenue of $69.96 million during the quarter, compared to analysts’ expectations of $69.11 million. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.09) earnings per share. Sell-side analysts expect that Workiva will post -1.1 earnings per share for the current fiscal year.

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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Analyst Recommendations for Workiva (NYSE:WK)

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