Workiva (NYSE:WK) Stock Rating Raised to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Workiva (NYSE:WK) from a buy rating to a strong-buy rating in a research report report published on Saturday,Wall Street Zen reports.

Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus set a $95.00 target price on shares of Workiva in a research note on Thursday, August 27th. Robert W. Baird raised their price target on Workiva from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Zacks Research raised Workiva from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Weiss Ratings raised Workiva from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 6th. Finally, BTIG Research set a $85.00 price objective on Workiva in a report on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Workiva has an average rating of “Moderate Buy” and an average price target of $88.30.

Workiva Stock Down 2.3%

Shares of Workiva stock opened at $69.81 on Friday. Workiva has a 52-week low of $43.34 and a 52-week high of $97.10. The company has a 50 day moving average of $68.92 and a 200 day moving average of $58.82. The company has a market capitalization of $3.92 billion, a P/E ratio of 85.13 and a beta of 0.49.

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

Insider Activity

In related news, EVP Brandon Ziegler sold 6,571 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $75.97, for a total value of $499,198.87. Following the transaction, the executive vice president directly owned 126,216 shares of the company’s stock, valued at $9,588,629.52. This trade represents a 4.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.77% of the company’s stock.

Institutional Investors Weigh In On Workiva

Institutional investors and hedge funds have recently bought and sold shares of the stock. Engineers Gate Manager LP grew its holdings in shares of Workiva by 10.6% during the second quarter. Engineers Gate Manager LP now owns 66,202 shares of the software maker’s stock worth $3,211,000 after purchasing an additional 6,357 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Workiva during the second quarter worth about $46,000. NewEdge Advisors LLC purchased a new stake in shares of Workiva in the 2nd quarter valued at about $123,000. Squarepoint Ops LLC lifted its holdings in shares of Workiva by 110.7% in the 2nd quarter. Squarepoint Ops LLC now owns 1,247,400 shares of the software maker’s stock valued at $60,511,000 after purchasing an additional 655,396 shares during the last quarter. Finally, Allworth Financial LP boosted its position in shares of Workiva by 91.0% in the 2nd quarter. Allworth Financial LP now owns 1,251 shares of the software maker’s stock valued at $61,000 after purchasing an additional 596 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.

Workiva Company Profile

Workiva Inc (NYSE: WK) is a cloud-based software company that provides connected reporting and compliance solutions for organizations. Its platform is designed to help businesses manage financial reporting, regulatory filings, environmental, social and governance (ESG) reporting, internal controls, risk management and audit-related processes in a centralized, collaborative environment.

Workiva’s offerings support the preparation and distribution of documents such as annual reports, quarterly filings, earnings materials and sustainability reports.