Insider Selling: Workiva Inc. (WK) Major Shareholder Sells $27,004.55 in Stock
Workiva Inc. (NYSE:WK) major shareholder Jerome M. Behar sold 1,289 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $20.95, for a total value of $27,004.55. The sale was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Workiva Inc. (WK) opened at 20.85 on Monday. The company’s market capitalization is $872.07 million. Workiva Inc. has a one year low of $12.15 and a one year high of $21.05. The company has a 50-day moving average price of $19.67 and a 200-day moving average price of $18.16.
Workiva (NYSE:WK) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.06. The business had revenue of $49.40 million for the quarter, compared to analyst estimates of $48.37 million. Workiva had a negative return on equity of 13,251.94% and a negative net margin of 18.94%. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.20) earnings per share. Equities research analysts anticipate that Workiva Inc. will post ($0.63) EPS for the current year.
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A number of equities research analysts have issued reports on the company. Northland Securities set a $23.00 target price on Workiva and gave the company a “buy” rating in a research note on Sunday, September 10th. BidaskClub downgraded shares of Workiva from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. SunTrust Banks, Inc. initiated coverage on shares of Workiva in a research report on Monday, June 26th. They set a “buy” rating and a $22.00 price target for the company. Stifel Nicolaus upped their price target on shares of Workiva from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, August 18th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $18.00 price objective (up previously from $16.00) on shares of Workiva in a report on Tuesday, July 25th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Workiva has an average rating of “Hold” and a consensus target price of $20.57.
A number of large investors have recently made changes to their positions in the business. American International Group Inc. lifted its position in Workiva by 7.0% during the 1st quarter. American International Group Inc. now owns 13,520 shares of the software maker’s stock valued at $212,000 after purchasing an additional 888 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Workiva by 5.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 72,076 shares of the software maker’s stock valued at $1,128,000 after purchasing an additional 3,762 shares during the last quarter. First PREMIER Bank boosted its stake in shares of Workiva by 15.6% in the 2nd quarter. First PREMIER Bank now owns 13,724 shares of the software maker’s stock valued at $261,000 after purchasing an additional 1,855 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Workiva by 88.1% in the 4th quarter. Teachers Advisors LLC now owns 71,214 shares of the software maker’s stock valued at $972,000 after purchasing an additional 33,349 shares during the last quarter. Finally, Strs Ohio boosted its stake in shares of Workiva by 1,346.7% in the 2nd quarter. Strs Ohio now owns 21,700 shares of the software maker’s stock valued at $413,000 after purchasing an additional 20,200 shares during the last quarter. 32.18% of the stock is owned by hedge funds and other institutional investors.
Workiva Company Profile
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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