Insider Selling: Workiva Inc. (NYSE:WK) CEO Sells $2,550,450.00 in Stock

Workiva Inc. (NYSE:WK) CEO Martin J. Vanderploeg sold 17,500 shares of the business’s stock in a transaction dated Monday, September 20th. The shares were sold at an average price of $145.74, for a total value of $2,550,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Martin J. Vanderploeg also recently made the following trade(s):

  • On Wednesday, August 18th, Martin J. Vanderploeg sold 17,500 shares of Workiva stock. The shares were sold at an average price of $135.22, for a total value of $2,366,350.00.
  • On Monday, July 19th, Martin J. Vanderploeg sold 17,500 shares of Workiva stock. The shares were sold at an average price of $120.09, for a total value of $2,101,575.00.

Shares of NYSE WK opened at $151.01 on Friday. The business’s 50 day moving average price is $138.72 and its two-hundred day moving average price is $112.93. The company has a market cap of $7.62 billion, a PE ratio of -209.73 and a beta of 1.48. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 4.30. Workiva Inc. has a twelve month low of $52.86 and a twelve month high of $156.48.

Workiva (NYSE:WK) last announced its quarterly earnings results on Tuesday, August 3rd. The software maker reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.31. The firm had revenue of $105.59 million for the quarter, compared to the consensus estimate of $101.59 million. Workiva had a negative return on equity of 36.88% and a negative net margin of 9.03%. As a group, research analysts anticipate that Workiva Inc. will post -0.97 EPS for the current fiscal year.

WK has been the topic of a number of research reports. Truist boosted their price target on Workiva from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, August 4th. William Blair reiterated a “buy” rating on shares of Workiva in a report on Wednesday, August 4th. Truist Securities upped their target price on Workiva from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, August 4th. Finally, Zacks Investment Research upgraded Workiva from a “sell” rating to a “hold” rating in a report on Tuesday, August 10th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Workiva presently has a consensus rating of “Buy” and an average target price of $110.63.

Institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC acquired a new position in shares of Workiva in the second quarter valued at approximately $37,000. Stonebridge Capital Advisors LLC acquired a new position in shares of Workiva in the first quarter valued at approximately $41,000. Advisors Asset Management Inc. acquired a new position in shares of Workiva in the second quarter valued at approximately $43,000. Dark Forest Capital Management LP acquired a new position in shares of Workiva in the second quarter valued at approximately $67,000. Finally, FORA Capital LLC grew its position in shares of Workiva by 28.6% in the first quarter. FORA Capital LLC now owns 1,088 shares of the software maker’s stock valued at $96,000 after purchasing an additional 242 shares during the last quarter. 76.28% of the stock is currently owned by institutional investors.

Workiva Company Profile

Workiva, Inc engages in the provision of cloud-based compliance and regulatory reporting solutions that are designed to solve business challenges at the intersection of data, process and people. Its platform, Wdesk, offers controlled collaboration, data linking, data integrations, granular permissions, process management and a full audit trail.

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

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