Workiva (NYSE:WK) Given New $80.00 Price Target at BTIG Research

Workiva (NYSE:WK) had its target price hoisted by equities researchers at BTIG Research from $70.00 to $80.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. BTIG Research’s price objective indicates a potential upside of 12.18% from the company’s previous close.

A number of other equities analysts have also commented on the stock. UBS Group set a $70.00 price objective on shares of Workiva in a research note on Wednesday, August 5th. Weiss Ratings raised shares of Workiva from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. Stifel Nicolaus set a $95.00 target price on Workiva in a report on Thursday, August 27th. Stephens reaffirmed an “overweight” rating and issued a $68.00 target price on shares of Workiva in a research report on Tuesday, May 26th. Finally, Robert W. Baird lifted their price target on Workiva from $74.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.80.

Workiva Stock Down 2.0%

NYSE:WK opened at $71.31 on Friday. The stock has a fifty day simple moving average of $64.79 and a 200 day simple moving average of $57.94. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 86.97 and a beta of 0.49. Workiva has a 1-year low of $43.34 and a 1-year high of $97.10.

Workiva (NYSE:WK) last posted its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.13. The firm had revenue of $255.29 million for the quarter, compared to the consensus estimate of $251.16 million. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%.The business’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.19 EPS. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. Equities analysts predict that Workiva will post 1.31 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Brandon Ziegler sold 6,571 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $75.97, for a total transaction of $499,198.87. Following the completion of the sale, the executive vice president owned 126,216 shares in the company, valued at approximately $9,588,629.52. This represents a 4.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.77% of the stock is owned by insiders.

Hedge Funds Weigh In On Workiva

A number of institutional investors have recently made changes to their positions in WK. Assenagon Asset Management S.A. bought a new position in shares of Workiva in the second quarter valued at approximately $4,661,000. Summit Creek Advisors LLC acquired a new position in shares of Workiva in the 2nd quarter worth approximately $3,916,000. First Trust Advisors LP grew its position in Workiva by 16.4% during the 1st quarter. First Trust Advisors LP now owns 862,936 shares of the software maker’s stock worth $51,457,000 after acquiring an additional 121,643 shares during the last quarter. Ranger Investment Management L.P. grew its position in Workiva by 11.5% during the 1st quarter. Ranger Investment Management L.P. now owns 342,185 shares of the software maker’s stock worth $20,404,000 after acquiring an additional 35,329 shares during the last quarter. Finally, Norges Bank acquired a new stake in Workiva during the 4th quarter valued at $53,375,000. 92.21% of the stock is currently owned by institutional investors.

Workiva Company Profile

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.