Avantax Advisory Services Inc. Takes $221,000 Position in Workiva Inc. (NYSE:WK)

Avantax Advisory Services Inc. bought a new position in shares of Workiva Inc. (NYSE:WK) during the 4th quarter, HoldingsChannel.com reports. The fund bought 2,021 shares of the software maker’s stock, valued at approximately $221,000.

A number of other large investors have also bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its stake in Workiva by 14,650.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 885 shares of the software maker’s stock valued at $97,000 after acquiring an additional 879 shares during the period. Nisa Investment Advisors LLC grew its position in Workiva by 8.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker’s stock valued at $159,000 after purchasing an additional 116 shares during the period. Sanctuary Advisors LLC bought a new stake in Workiva during the 3rd quarter valued at $168,000. Quantinno Capital Management LP acquired a new position in Workiva during the third quarter worth $207,000. Finally, Truist Financial Corp bought a new position in shares of Workiva in the fourth quarter valued at $211,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Workiva

In related news, CAO Brandon Ziegler sold 4,115 shares of Workiva stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $85.72, for a total value of $352,737.80. Following the completion of the sale, the chief accounting officer now owns 103,509 shares of the company’s stock, valued at approximately $8,872,791.48. This trade represents a 3.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert H. Herz sold 1,000 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $88.70, for a total value of $88,700.00. Following the completion of the sale, the director now owns 34,084 shares in the company, valued at $3,023,250.80. This represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,129 shares of company stock worth $1,807,333. 3.86% of the stock is owned by company insiders.

Workiva Price Performance

Shares of Workiva stock opened at $83.46 on Thursday. The firm has a market cap of $4.68 billion, a PE ratio of -90.72 and a beta of 1.09. Workiva Inc. has a 1 year low of $65.47 and a 1 year high of $116.83. The stock has a fifty day moving average price of $92.88 and a 200-day moving average price of $92.19.

Analyst Ratings Changes

WK has been the topic of a number of analyst reports. Robert W. Baird upped their target price on shares of Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. BMO Capital Markets cut their target price on Workiva from $120.00 to $108.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Citigroup upped their price target on Workiva from $128.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Stifel Nicolaus cut their price objective on shares of Workiva from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Finally, Stephens began coverage on shares of Workiva in a report on Wednesday, March 19th. They issued an “overweight” rating and a $111.00 target price for the company. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.25.

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.