Workiva Inc. (NYSE:WK) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its position in Workiva Inc. (NYSE:WK) by 8.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,587 shares of the software maker’s stock after selling 1,006 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Workiva were worth $838,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Main Management ETF Advisors LLC purchased a new position in shares of Workiva during the 3rd quarter worth approximately $921,000. Quadrature Capital Ltd acquired a new stake in Workiva during the 3rd quarter valued at $289,000. Quantinno Capital Management LP purchased a new position in Workiva during the third quarter worth $207,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of Workiva in the third quarter worth $18,000,000. Finally, Janus Henderson Group PLC lifted its position in shares of Workiva by 839.8% in the third quarter. Janus Henderson Group PLC now owns 213,831 shares of the software maker’s stock valued at $16,919,000 after acquiring an additional 191,078 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Workiva Price Performance

Workiva stock opened at $103.82 on Friday. The company has a market cap of $5.75 billion, a price-to-earnings ratio of -112.85 and a beta of 1.09. Workiva Inc. has a 12 month low of $65.47 and a 12 month high of $106.03. The stock’s 50-day moving average is $89.29 and its 200-day moving average is $79.98.

Wall Street Analyst Weigh In

A number of analysts recently commented on WK shares. Robert W. Baird lifted their price objective on Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday. Stifel Nicolaus boosted their price objective on shares of Workiva from $85.00 to $102.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Finally, BMO Capital Markets upped their price objective on shares of Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $107.20.

Workiva 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.