Insider Selling: Workiva Inc. (NYSE:WK) Director Sells 1,000 Shares of Stock

Workiva Inc. (NYSE:WK) Director Robert H. Herz sold 1,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $88.70, for a total transaction of $88,700.00. Following the completion of the sale, the director now owns 34,084 shares in the company, valued at $3,023,250.80. This represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Workiva Stock Up 3.0 %

Shares of WK opened at $87.63 on Monday. The stock has a market capitalization of $4.92 billion, a P/E ratio of -95.25 and a beta of 1.09. Workiva Inc. has a twelve month low of $65.47 and a twelve month high of $116.83. The company has a 50 day moving average of $96.50 and a 200-day moving average of $91.67.

Hedge Funds Weigh In On Workiva

Several hedge funds have recently made changes to their positions in WK. Twin Tree Management LP bought a new position in shares of Workiva during the 4th quarter worth approximately $25,000. Johnson Financial Group Inc. bought a new position in shares of Workiva during the 4th quarter worth approximately $66,000. GeoWealth Management LLC grew its stake in shares of Workiva by 3,010.0% during the 4th quarter. GeoWealth Management LLC now owns 622 shares of the software maker’s stock worth $68,000 after acquiring an additional 602 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Workiva by 14,650.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 885 shares of the software maker’s stock worth $97,000 after acquiring an additional 879 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Workiva by 8.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker’s stock worth $159,000 after acquiring an additional 116 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on WK shares. Citigroup increased their price target on shares of Workiva from $128.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Robert W. Baird raised their target price on shares of Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. The Goldman Sachs Group raised their target price on shares of Workiva from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Stifel Nicolaus dropped their target price on shares of Workiva from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Finally, BMO Capital Markets dropped their target price on shares of Workiva from $120.00 to $108.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Workiva has a consensus rating of “Moderate Buy” and an average target price of $121.57.

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.