Workiva (NYSE:WK) Price Target Raised to $128.00 at Citigroup

Workiva (NYSE:WK) had its target price hoisted by Citigroup from $116.00 to $128.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. Citigroup’s price objective would indicate a potential upside of 21.30% from the stock’s previous close.

WK has been the topic of several other reports. Stifel Nicolaus raised their price target on shares of Workiva from $85.00 to $102.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Robert W. Baird boosted their price objective on shares of Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday. Finally, BMO Capital Markets increased their target price on Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a research note 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. According to MarketBeat.com, Workiva currently has an average rating of “Moderate Buy” and a consensus price target of $111.80.

Workiva Price Performance

Shares of WK stock traded up $1.65 during mid-day trading on Monday, hitting $105.52. The stock had a trading volume of 101,017 shares, compared to its average volume of 376,061. The firm has a market cap of $5.84 billion, a PE ratio of -115.58 and a beta of 1.09. Workiva has a fifty-two week low of $65.47 and a fifty-two week high of $106.41. The company’s 50-day simple moving average is $89.29 and its 200-day simple moving average is $80.01.

Institutional Trading of Workiva

Large investors have recently made changes to their positions in the business. Principal Financial Group Inc. boosted its position in shares of Workiva by 2.0% during the second quarter. Principal Financial Group Inc. now owns 6,823 shares of the software maker’s stock worth $498,000 after purchasing an additional 137 shares in the last quarter. Quarry LP grew its holdings in Workiva by 57.8% during the second quarter. Quarry LP now owns 453 shares of the software maker’s stock worth $33,000 after purchasing an additional 166 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in Workiva by 8.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker’s stock valued at $171,000 after acquiring an additional 179 shares during the period. Xponance Inc. boosted its holdings in shares of Workiva by 6.0% during the second quarter. Xponance Inc. now owns 3,195 shares of the software maker’s stock worth $233,000 after acquiring an additional 182 shares during the period. Finally, Crossmark Global Holdings Inc. grew its holdings in Workiva by 3.9% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 4,910 shares of the software maker’s stock valued at $358,000 after buying an additional 183 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

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.