Workiva Inc. (NYSE:WK) Stake Boosted by US Bancorp DE

US Bancorp DE raised its position in shares of Workiva Inc. (NYSE:WK) by 58.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,431 shares of the software maker’s stock after buying an additional 8,632 shares during the quarter. US Bancorp DE’s holdings in Workiva were worth $1,854,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in WK. Champlain Investment Partners LLC boosted its position in shares of Workiva by 58.2% in the first quarter. Champlain Investment Partners LLC now owns 1,340,114 shares of the software maker’s stock worth $113,642,000 after buying an additional 492,945 shares during the period. Swedbank AB acquired a new stake in Workiva during the 1st quarter worth about $16,180,000. Vanguard Group Inc. grew its stake in Workiva by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 5,185,929 shares of the software maker’s stock valued at $439,767,000 after acquiring an additional 181,520 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Workiva by 435.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 145,384 shares of the software maker’s stock valued at $11,503,000 after purchasing an additional 118,234 shares during the period. Finally, Kopp LeRoy C purchased a new stake in shares of Workiva in the first quarter worth approximately $6,481,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Workiva news, EVP Michael D. Hawkins sold 2,761 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $74.60, for a total transaction of $205,970.60. Following the transaction, the executive vice president now directly owns 49,887 shares in the company, valued at $3,721,570.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.86% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. StockNews.com lowered shares of Workiva from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Northland Securities cut their price objective on Workiva from $106.00 to $95.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Workiva presently has a consensus rating of “Moderate Buy” and an average price target of $95.00.

Workiva Stock Up 6.3 %

WK stock opened at $87.63 on Thursday. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of -53.11 and a beta of 1.05. The firm has a 50 day moving average of $78.12 and a two-hundred day moving average of $77.04. Workiva Inc. has a 12 month low of $65.47 and a 12 month high of $105.00.

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.