Prudential Financial Inc. Makes New $229,000 Investment in Workiva Inc (NYSE:WK)

Prudential Financial Inc. purchased a new position in Workiva Inc (NYSE:WK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,934 shares of the software maker’s stock, valued at approximately $229,000.

A number of other institutional investors also recently made changes to their positions in the business. First Trust Advisors LP purchased a new position in shares of Workiva during the second quarter valued at approximately $23,628,000. Federated Investors Inc. PA boosted its position in shares of Workiva by 2.5% during the first quarter. Federated Investors Inc. PA now owns 330,375 shares of the software maker’s stock valued at $16,750,000 after purchasing an additional 8,155 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Workiva by 36.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 281,597 shares of the software maker’s stock valued at $14,277,000 after purchasing an additional 75,790 shares in the last quarter. Redwood Investments LLC boosted its position in shares of Workiva by 2.7% during the second quarter. Redwood Investments LLC now owns 243,545 shares of the software maker’s stock valued at $14,148,000 after purchasing an additional 6,393 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Workiva by 1,129.8% during the second quarter. JPMorgan Chase & Co. now owns 228,518 shares of the software maker’s stock valued at $13,097,000 after purchasing an additional 209,937 shares in the last quarter. 56.04% of the stock is currently owned by institutional investors and hedge funds.

Workiva stock traded up $0.07 during mid-day trading on Wednesday, reaching $44.11. 6,453 shares of the stock traded hands, compared to its average volume of 476,260. The stock has a market capitalization of $2.03 billion, a PE ratio of -47.43 and a beta of 1.02. The company has a debt-to-equity ratio of 3.80, a current ratio of 1.00 and a quick ratio of 1.00. Workiva Inc has a 12-month low of $31.65 and a 12-month high of $64.11. The business’s 50-day moving average is $49.39 and its 200-day moving average is $52.95.



Workiva (NYSE:WK) last posted its quarterly earnings data on Tuesday, August 6th. The software maker reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.08). The company had revenue of $73.48 million during the quarter, compared to the consensus estimate of $68.96 million. The business’s revenue was up 24.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.12) EPS. Equities analysts anticipate that Workiva Inc will post -1.03 EPS for the current fiscal year.

Several research firms recently weighed in on WK. SunTrust Banks lifted their price target on Workiva to $65.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Zacks Investment Research downgraded Workiva from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Finally, ValuEngine downgraded Workiva from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Workiva currently has a consensus rating of “Hold” and a consensus price target of $49.75.

In other Workiva news, CEO Martin J. Vanderploeg sold 25,000 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $62.14, for a total value of $1,553,500.00. Following the completion of the sale, the chief executive officer now owns 314,918 shares in the company, valued at $19,569,004.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Martin J. Vanderploeg sold 575,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $56.25, for a total value of $32,343,750.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,187,038 shares of company stock valued at $67,060,888. 18.46% of the stock is owned by company insiders.

Workiva 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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Institutional Ownership by Quarter for Workiva (NYSE:WK)

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