Martin J. Vanderploeg Sells 575,000 Shares of Workiva Inc (NYSE:WK) Stock
Workiva Inc (NYSE:WK) CEO Martin J. Vanderploeg sold 575,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $56.25, for a total value of $32,343,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
WK opened at $50.01 on Friday. Workiva Inc has a 12 month low of $30.35 and a 12 month high of $64.11. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.00 and a current ratio of 1.00. The stock’s 50 day moving average price is $58.78 and its 200 day moving average price is $52.81.
Workiva (NYSE:WK) last posted its earnings results on Tuesday, August 6th. The software maker reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.08). The company had revenue of $73.48 million during the quarter, compared to analysts’ expectations of $68.96 million. During the same quarter in the prior year, the company posted ($0.12) EPS. Workiva’s revenue for the quarter was up 24.3% compared to the same quarter last year. On average, equities analysts expect that Workiva Inc will post -1.03 EPS for the current fiscal year.
Several research firms recently commented on WK. ValuEngine cut Workiva from a “strong-buy” rating to a “buy” rating in a research report on Thursday. SunTrust Banks raised their target price on Workiva to $65.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, Zacks Investment Research upgraded Workiva from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research report on Friday, July 5th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Workiva presently has a consensus rating of “Buy” and a consensus price target of $46.83.
Workiva Company Profile
Workiva Inc provides cloud-based solutions for connected data, reporting, and compliance worldwide. The company offers Wdesk, a platform that provides data collection and linking, data integrations, controlled collaboration, granular permissions, process management, and full audit trail services; and Wdata, which includes data preparation tools, data connectors, and application programming interfaces that enable customers to create direct connections to their data.
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