Workiva Inc. (NYSE:WK) Stock Holdings Lifted by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Workiva Inc. (NYSE:WK) by 345.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,451 shares of the software maker’s stock after acquiring an additional 71,719 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Workiva were worth $7,315,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of Workiva during the third quarter valued at approximately $28,000. Quarry LP grew its position in Workiva by 57.8% during the 2nd quarter. Quarry LP now owns 453 shares of the software maker’s stock worth $33,000 after purchasing an additional 166 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Workiva during the 1st quarter worth approximately $40,000. Point72 Hong Kong Ltd acquired a new stake in Workiva during the 2nd quarter valued at $62,000. Finally, Headlands Technologies LLC lifted its holdings in shares of Workiva by 896.0% in the second quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker’s stock valued at $128,000 after purchasing an additional 1,577 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 2,761 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $74.60, for a total transaction of $205,970.60. Following the completion of the transaction, the executive vice president now owns 49,887 shares of the company’s stock, valued at $3,721,570.20. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.86% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WK. Northland Securities dropped their price target on Workiva from $106.00 to $95.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Stifel Nicolaus upped their target price on Workiva from $85.00 to $102.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Robert W. Baird raised their price target on shares of Workiva from $94.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com lowered shares of Workiva from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Finally, BMO Capital Markets increased their target price on shares of Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $103.20.

Workiva Stock Performance

NYSE:WK opened at $95.62 on Friday. The stock’s 50 day moving average price is $82.16 and its 200 day moving average price is $78.02. Workiva Inc. has a 52 week low of $65.47 and a 52 week high of $105.00. The company has a market capitalization of $5.30 billion, a P/E ratio of -103.93 and a beta of 1.05.

About Workiva

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.