Analysts Set Workiva Inc. (NYSE:WK) Price Target at $103.20

Workiva Inc. (NYSE:WK) has been given a consensus rating of “Moderate Buy” by the six analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $103.20.

A number of analysts have issued reports on WK shares. BMO Capital Markets boosted their target price on Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Stifel Nicolaus increased their target price on shares of Workiva from $85.00 to $102.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. 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. Robert W. Baird increased their price target on shares of Workiva from $94.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, StockNews.com cut shares of Workiva from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd.

Insider Buying and Selling

In other news, EVP Michael D. Hawkins sold 2,761 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $74.60, for a total value of $205,970.60. Following the completion of the sale, the executive vice president now owns 49,887 shares of the company’s stock, valued at approximately $3,721,570.20. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Workiva

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Groupama Asset Managment acquired a new position in shares of Workiva in the 3rd quarter valued at about $381,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Workiva during the 3rd quarter worth about $18,000,000. Janus Henderson Group PLC raised its position in shares of Workiva by 839.8% during the 3rd quarter. Janus Henderson Group PLC now owns 213,831 shares of the software maker’s stock worth $16,919,000 after buying an additional 191,078 shares in the last quarter. Swedbank AB bought a new stake in shares of Workiva in the 1st quarter worth approximately $16,180,000. Finally, Vanguard Group Inc. raised its holdings in shares of Workiva by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 5,185,929 shares of the software maker’s stock worth $439,767,000 after purchasing an additional 181,520 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Workiva Price Performance

NYSE WK opened at $95.62 on Friday. The stock has a market capitalization of $5.30 billion, a P/E ratio of -103.93 and a beta of 1.05. The firm’s 50-day moving average is $82.57 and its two-hundred day moving average is $78.07. Workiva has a 12 month low of $65.47 and a 12 month high of $105.00.

About Workiva

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.