Swiss National Bank Sells 400 Shares of Workiva Inc. (NYSE:WK)

Swiss National Bank decreased its holdings in shares of Workiva Inc. (NYSE:WK) by 0.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,621 shares of the software maker’s stock after selling 400 shares during the period. Swiss National Bank owned about 0.17% of Workiva worth $7,486,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in Workiva during the third quarter worth about $28,000. Quarry LP raised its stake in shares of Workiva by 57.8% in the second quarter. Quarry LP now owns 453 shares of the software maker’s stock valued at $33,000 after acquiring an additional 166 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Workiva in the first quarter valued at approximately $40,000. Point72 Hong Kong Ltd bought a new position in shares of Workiva in the second quarter valued at approximately $62,000. Finally, Headlands Technologies LLC raised its stake in shares of Workiva by 896.0% in the second quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker’s stock valued at $128,000 after acquiring an additional 1,577 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Workiva Price Performance

WK stock opened at $98.41 on Tuesday. The company has a 50 day moving average price of $82.57 and a 200 day moving average price of $78.07. Workiva Inc. has a fifty-two week low of $65.47 and a fifty-two week high of $105.00. The stock has a market capitalization of $5.45 billion, a PE ratio of -106.92 and a beta of 1.05.

Insiders Place Their Bets

In other Workiva news, EVP Michael D. Hawkins sold 2,761 shares of Workiva stock in a transaction on Friday, September 13th. The shares were sold at an average price of $74.60, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.86% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Northland Securities cut their target price on shares of Workiva from $106.00 to $95.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. StockNews.com cut shares of Workiva from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Robert W. Baird lifted their target price on shares of Workiva from $94.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Stifel Nicolaus lifted their target price on shares of Workiva from $85.00 to $102.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets boosted their price objective on shares of Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.20.

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.