Workiva Inc. (NYSE:WK) Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its stake in shares of Workiva Inc. (NYSE:WK) by 484.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,478 shares of the software maker’s stock after acquiring an additional 2,054 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Workiva were worth $181,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. EntryPoint Capital LLC bought a new position in Workiva during the 1st quarter worth $40,000. Fidelis Capital Partners LLC bought a new position in Workiva in the 1st quarter valued at about $45,000. Point72 Hong Kong Ltd acquired a new position in Workiva during the 2nd quarter valued at about $62,000. RiverPark Advisors LLC lifted its stake in shares of Workiva by 361.5% in the 1st quarter. RiverPark Advisors LLC now owns 1,140 shares of the software maker’s stock worth $97,000 after acquiring an additional 893 shares during the period. Finally, Headlands Technologies LLC boosted its holdings 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 in the last quarter. Institutional investors own 92.21% of the company’s stock.

Workiva Stock Up 0.5 %

Shares of NYSE:WK opened at $78.77 on Friday. The company’s fifty day moving average is $76.57 and its two-hundred day moving average is $77.11. The company has a market cap of $4.32 billion, a P/E ratio of -45.80 and a beta of 1.05. Workiva Inc. has a 12-month low of $65.47 and a 12-month high of $105.00.

Workiva (NYSE:WK) last posted its quarterly earnings results on Thursday, August 1st. The software maker reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). The firm had revenue of $177.50 million for the quarter, compared to analyst estimates of $175.22 million. During the same quarter in the prior year, the company posted ($0.36) EPS. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. Equities research analysts anticipate that Workiva Inc. will post -0.86 earnings per share for the current year.

Insider Transactions at Workiva

In related 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 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 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.86% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. StockNews.com lowered Workiva from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Northland Securities dropped their price target on shares of Workiva from $106.00 to $95.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Citigroup raised their price objective on shares of Workiva from $103.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Finally, Robert W. Baird dropped their target price on shares of Workiva from $105.00 to $94.00 and set an “outperform” rating on the stock in a report on Thursday, June 27th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

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.