Workiva (NYSE:WK – Get Rating) had its price objective reduced by stock analysts at BMO Capital Markets from $135.00 to $127.00 in a research report issued on Wednesday, Briefing.com reports. The firm presently has an “outperform” rating on the software maker’s stock. BMO Capital Markets’ price objective points to a potential upside of 34.55% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus lowered their target price on shares of Workiva from $150.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday. Citigroup assumed coverage on shares of Workiva in a report on Tuesday, February 1st. They set a “buy” rating and a $135.00 price objective on the stock. Robert W. Baird decreased their price objective on shares of Workiva from $190.00 to $150.00 in a report on Wednesday. Finally, Zacks Investment Research downgraded shares of Workiva from a “hold” rating to a “sell” rating in a research report on Wednesday, January 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $129.86.
WK stock traded down $8.20 during trading hours on Wednesday, hitting $94.39. The company’s stock had a trading volume of 31,193 shares, compared to its average volume of 381,989. The stock has a 50 day moving average price of $119.37 and a two-hundred day moving average price of $134.54. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.22. Workiva has a 12 month low of $80.00 and a 12 month high of $173.24. The company has a market capitalization of $4.80 billion, a PE ratio of -149.83 and a beta of 1.41.
Workiva (NYSE:WK – Get Rating) last issued its quarterly earnings data on Monday, February 21st. The software maker reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.09. Workiva had a negative net margin of 7.55% and a negative return on equity of 31.90%. The business had revenue of $120.78 million during the quarter, compared to analysts’ expectations of $117.10 million. During the same period in the previous year, the company earned ($0.11) earnings per share. Workiva’s revenue for the quarter was up 28.7% on a year-over-year basis. Sell-side analysts expect that Workiva will post -0.6 earnings per share for the current year.
In other news, EVP Michael D. Hawkins sold 3,433 shares of the firm’s stock in a transaction that occurred on Wednesday, February 9th. The shares were sold at an average price of $120.00, for a total transaction of $411,960.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 12.25% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC lifted its holdings in shares of Workiva by 1.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 7,187 shares of the software maker’s stock worth $937,000 after buying an additional 94 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of Workiva by 0.7% during the third quarter. Voya Investment Management LLC now owns 16,387 shares of the software maker’s stock worth $2,310,000 after buying an additional 108 shares in the last quarter. Signaturefd LLC raised its stake in Workiva by 49.2% in the fourth quarter. Signaturefd LLC now owns 370 shares of the software maker’s stock valued at $48,000 after purchasing an additional 122 shares in the last quarter. Dark Forest Capital Management LP raised its stake in Workiva by 25.7% in the third quarter. Dark Forest Capital Management LP now owns 753 shares of the software maker’s stock valued at $106,000 after purchasing an additional 154 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in Workiva by 1.6% in the third quarter. Arizona State Retirement System now owns 10,348 shares of the software maker’s stock valued at $1,459,000 after purchasing an additional 161 shares in the last quarter. 87.41% of the stock is owned by institutional investors and hedge funds.
About Workiva (Get Rating)
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.