Summit Creek Advisors LLC Buys 17,259 Shares of Workiva Inc. $WK

Summit Creek Advisors LLC grew its stake in shares of Workiva Inc. (NYSE:WK) by 19.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 105,500 shares of the software maker’s stock after purchasing an additional 17,259 shares during the quarter. Summit Creek Advisors LLC owned approximately 0.19% of Workiva worth $9,099,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Leonteq Securities AG bought a new stake in Workiva during the 4th quarter valued at approximately $27,000. EverSource Wealth Advisors LLC boosted its stake in shares of Workiva by 217.9% in the third quarter. EverSource Wealth Advisors LLC now owns 391 shares of the software maker’s stock worth $34,000 after buying an additional 268 shares during the last quarter. Allworth Financial LP lifted its position in shares of Workiva by 82.3% in the third quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock valued at $35,000 after acquiring an additional 186 shares in the last quarter. IFP Advisors Inc lifted its position in Workiva by 297.1% during the fourth quarter. IFP Advisors Inc now owns 413 shares of the software maker’s stock worth $36,000 after buying an additional 309 shares in the last quarter. Finally, First Horizon Corp grew its stake in shares of Workiva by 112.1% in the fourth quarter. First Horizon Corp now owns 509 shares of the software maker’s stock valued at $44,000 after buying an additional 269 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Workiva Stock Performance

Shares of WK stock opened at $48.59 on Thursday. The firm’s 50-day simple moving average is $55.88 and its two-hundred day simple moving average is $72.02. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 211.25 and a beta of 0.54. Workiva Inc. has a 52 week low of $43.34 and a 52 week high of $97.10.

Workiva (NYSE:WK) last announced its quarterly earnings data on Tuesday, May 5th. The software maker reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.11. The company had revenue of $247.31 million during the quarter, compared to analysts’ expectations of $245.17 million. Workiva had a net margin of 1.53% and a negative return on equity of 68.43%. The firm’s revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. Analysts forecast that Workiva Inc. will post 0.92 earnings per share for the current year.

Workiva announced that its Board of Directors has approved a share buyback plan on Monday, February 16th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the software maker to buy up to 7.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on WK shares. Raymond James Financial reiterated an “outperform” rating and set a $85.00 target price on shares of Workiva in a research report on Wednesday, May 6th. BMO Capital Markets lowered their price target on shares of Workiva from $92.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $102.00 price objective on shares of Workiva in a research report on Friday, February 20th. Weiss Ratings raised shares of Workiva from a “sell (e+)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Finally, Stifel Nicolaus reduced their price target on shares of Workiva from $79.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $90.33.

About Workiva

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.