Workiva (NYSE:WK) Price Target Raised to $110.00

Workiva (NYSE:WK) had its price objective hoisted by Robert W. Baird from $94.00 to $110.00 in a report released on Thursday morning,Benzinga reports. The brokerage currently has an outperform rating on the software maker’s stock.

A number of other equities analysts have also weighed in on WK. BMO Capital Markets lifted their price objective on shares of Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday. StockNews.com downgraded shares of Workiva from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Finally, Northland Securities cut their price target on shares of Workiva from $106.00 to $95.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $103.20.

Workiva Stock Performance

NYSE WK opened at $94.75 on Thursday. The firm’s fifty day moving average is $78.71 and its two-hundred day moving average is $77.21. Workiva has a one year low of $65.47 and a one year high of $105.00. The firm has a market cap of $5.23 billion, a PE ratio of -102.99 and a beta of 1.05.

Insider Transactions at Workiva

In related news, EVP Michael D. Hawkins sold 2,761 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $74.60, for a total value of $205,970.60. Following the completion of the transaction, the executive vice president now directly owns 49,887 shares of the company’s stock, valued at $3,721,570.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.86% of the company’s stock.

Hedge Funds Weigh In On Workiva

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WK. Janney Montgomery Scott LLC lifted its stake in Workiva by 4.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 19,935 shares of the software maker’s stock valued at $1,690,000 after buying an additional 821 shares in the last quarter. SG Americas Securities LLC raised its stake in Workiva by 1,318.3% in the 1st quarter. SG Americas Securities LLC now owns 14,935 shares of the software maker’s stock valued at $1,266,000 after purchasing an additional 13,882 shares during the last quarter. Swiss National Bank raised its stake in Workiva by 1.0% in the 1st quarter. Swiss National Bank now owns 94,121 shares of the software maker’s stock valued at $7,981,000 after purchasing an additional 900 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Workiva by 10.2% in the 1st quarter. ProShare Advisors LLC now owns 9,566 shares of the software maker’s stock valued at $811,000 after purchasing an additional 888 shares in the last quarter. Finally, Motley Fool Asset Management LLC acquired a new stake in shares of Workiva during the 1st quarter worth about $289,000. Institutional investors and hedge funds 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.