GSA Capital Partners LLP Invests $224,000 in Workiva Inc (WK) Stock
GSA Capital Partners LLP purchased a new position in Workiva Inc (NYSE:WK) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 10,761 shares of the software maker’s stock, valued at approximately $224,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Old Mutual Global Investors UK Ltd. bought a new stake in Workiva in the third quarter worth about $106,000. ETF Managers Group LLC bought a new stake in Workiva in the second quarter worth about $118,000. Legal & General Group Plc lifted its stake in Workiva by 9.3% in the second quarter. Legal & General Group Plc now owns 6,999 shares of the software maker’s stock worth $134,000 after purchasing an additional 597 shares during the last quarter. Voya Investment Management LLC bought a new stake in Workiva in the second quarter worth about $192,000. Finally, Nationwide Fund Advisors lifted its stake in Workiva by 11.5% in the second quarter. Nationwide Fund Advisors now owns 14,081 shares of the software maker’s stock worth $268,000 after purchasing an additional 1,448 shares during the last quarter. Institutional investors own 35.15% of the company’s stock.
WK has been the subject of several analyst reports. Stifel Nicolaus raised their price objective on shares of Workiva from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Zacks Investment Research raised shares of Workiva from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Thursday, October 5th. TheStreet raised shares of Workiva from a “d” rating to a “c-” rating in a research note on Wednesday, December 13th. SunTrust Banks reissued a “buy” rating and issued a $24.00 price objective on shares of Workiva in a research note on Friday, November 3rd. Finally, Northland Securities reissued a “buy” rating and issued a $23.00 price objective on shares of Workiva in a research note on Sunday, October 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Workiva currently has an average rating of “Hold” and a consensus price target of $22.14.
In other news, major shareholder Jerome M. Behar sold 2,442 shares of Workiva stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $23.40, for a total transaction of $57,142.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 33.29% of the company’s stock.
Shares of Workiva Inc (NYSE:WK) opened at $21.80 on Friday. The company has a debt-to-equity ratio of -1.29, a quick ratio of 0.90 and a current ratio of 0.90. Workiva Inc has a 12 month low of $12.15 and a 12 month high of $23.70. The firm has a market cap of $911.81, a P/E ratio of -23.96 and a beta of 0.63.
Workiva (NYSE:WK) last posted its quarterly earnings results on Tuesday, November 7th. The software maker reported ($0.23) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.17. The company had revenue of $52.10 million for the quarter, compared to the consensus estimate of $50.64 million. During the same period in the prior year, the firm posted ($0.23) EPS. The business’s revenue was up 16.6% on a year-over-year basis. sell-side analysts expect that Workiva Inc will post -1.1 EPS for the current fiscal year.
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Workiva Inc provides enterprises with cloud solutions for improving productivity, accountability and insight into business data. The Company created Wdesk, a collaborative work management platform for organizations to collect, link, report and analyze their business data. Wdesk’s word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail.
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