Landscape Capital Management L.L.C. Trims Position in Workiva Inc. (NYSE:WK)

Landscape Capital Management L.L.C. lowered its stake in shares of Workiva Inc. (NYSE:WK) by 37.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,895 shares of the software maker’s stock after selling 3,592 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Workiva were worth $466,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WK. V Square Quantitative Management LLC purchased a new position in shares of Workiva in the 3rd quarter valued at approximately $28,000. Quarry LP grew its position in Workiva by 57.8% in the 2nd quarter. Quarry LP now owns 453 shares of the software maker’s stock valued at $33,000 after buying an additional 166 shares during the last quarter. EntryPoint Capital LLC acquired a new position in Workiva in the 1st quarter valued at $40,000. Point72 Hong Kong Ltd purchased a new position in Workiva during the 2nd quarter worth $62,000. Finally, Headlands Technologies LLC lifted its stake in shares of Workiva by 896.0% in the 2nd quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker’s stock worth $128,000 after acquiring an additional 1,577 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Workiva

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

Workiva Stock Performance

Shares of WK stock opened at $95.62 on Friday. The stock has a fifty day moving average price of $82.57 and a 200 day moving average price of $78.11. The stock has a market cap of $5.30 billion, a PE ratio of -103.93 and a beta of 1.05. Workiva Inc. has a 1 year low of $65.47 and a 1 year high of $105.00.

Workiva Company Profile

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.