Sanctuary Advisors LLC Takes Position in Workiva Inc. (NYSE:WK)

Sanctuary Advisors LLC purchased a new position in Workiva Inc. (NYSE:WK) during the 3rd quarter, HoldingsChannel reports. The firm purchased 2,126 shares of the software maker’s stock, valued at approximately $168,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Groupama Asset Managment bought a new stake in Workiva during the 3rd quarter valued at $381,000. Jacobs Levy Equity Management Inc. acquired a new position in Workiva during the 3rd quarter valued at about $18,000,000. Janus Henderson Group PLC lifted its stake in shares of Workiva by 839.8% in the 3rd quarter. Janus Henderson Group PLC now owns 213,831 shares of the software maker’s stock worth $16,919,000 after acquiring an additional 191,078 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Workiva by 435.5% in the third quarter. Assenagon Asset Management S.A. now owns 145,384 shares of the software maker’s stock valued at $11,503,000 after acquiring an additional 118,234 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in shares of Workiva by 13.5% during the third quarter. Loomis Sayles & Co. L P now owns 728,375 shares of the software maker’s stock valued at $57,629,000 after acquiring an additional 86,746 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Workiva Trading Down 1.2 %

WK stock opened at $109.83 on Tuesday. Workiva Inc. has a one year low of $65.47 and a one year high of $116.83. The firm has a 50-day moving average of $95.64 and a two-hundred day moving average of $82.50. The firm has a market capitalization of $6.08 billion, a PE ratio of -119.38 and a beta of 1.09.

Analyst Upgrades and Downgrades

WK has been the subject of a number of research reports. BMO Capital Markets increased their price target on Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Citigroup boosted their price target on shares of Workiva from $116.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Robert W. Baird lifted their price objective on shares of Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, Stifel Nicolaus raised shares of Workiva from a “hold” rating to a “buy” rating and increased their target price for the company from $102.00 to $130.00 in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $117.40.

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.