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.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. increased its position in Workiva by 541.7% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 462 shares of the software maker’s stock valued at $27,000 after acquiring an additional 390 shares during the period. Advisor Group Inc. increased its position in shares of Workiva by 238.1% during the 4th quarter. Advisor Group Inc. now owns 710 shares of the software maker’s stock valued at $26,000 after purchasing an additional 500 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Workiva during the 2nd quarter valued at $52,000. Macquarie Group Ltd. increased its position in shares of Workiva by 57.1% during the 4th quarter. Macquarie Group Ltd. now owns 1,100 shares of the software maker’s stock valued at $39,000 after purchasing an additional 400 shares during the period. Finally, Meeder Asset Management Inc. increased its position in shares of Workiva by 215.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 1,654 shares of the software maker’s stock valued at $96,000 after purchasing an additional 1,130 shares during the period. Hedge funds and other institutional investors own 52.33% of the company’s stock.

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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Insider Buying and Selling by Quarter for Workiva (NYSE:WK)

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