Robert W. Baird Issues Positive Forecast for Workiva (NYSE:WK) Stock Price

Workiva (NYSE:WK) had its target price boosted by research analysts at Robert W. Baird from $95.00 to $105.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the software maker’s stock. Robert W. Baird’s price objective points to a potential upside of 40.79% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Stephens restated an “overweight” rating and issued a $68.00 price objective on shares of Workiva in a report on Tuesday, May 26th. Wall Street Zen downgraded Workiva from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 29th. UBS Group set a $70.00 target price on Workiva in a research report on Wednesday, August 5th. Stifel Nicolaus set a $95.00 price target on Workiva in a research report on Thursday, August 27th. Finally, Zacks Research raised shares of Workiva from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.80.

Workiva Stock Down 1.7%

NYSE WK opened at $74.58 on Wednesday. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 90.95 and a beta of 0.49. Workiva has a twelve month low of $43.34 and a twelve month high of $97.10. The stock’s 50-day simple moving average is $66.11 and its two-hundred day simple moving average is $58.28.

Workiva (NYSE:WK) last issued its 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. The company had revenue of $255.29 million for the quarter, compared to the consensus estimate of $251.16 million. Workiva had a net margin of 4.87% and a negative return on equity of 140.17%. The firm’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 earnings per share. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. On average, equities analysts expect that Workiva will post 1.31 earnings per share for the current fiscal year.

Insider Transactions at Workiva

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

Institutional Trading of Workiva

Several institutional investors have recently made changes to their positions in WK. Assenagon Asset Management S.A. purchased a new stake in shares of Workiva during the 2nd quarter worth $4,661,000. Summit Creek Advisors LLC purchased a new stake in shares of Workiva during the 2nd quarter worth approximately $3,916,000. First Trust Advisors LP grew its holdings in shares of Workiva by 16.4% in the 1st quarter. First Trust Advisors LP now owns 862,936 shares of the software maker’s stock worth $51,457,000 after acquiring an additional 121,643 shares during the period. Ranger Investment Management L.P. grew its holdings in shares of Workiva by 11.5% in the 1st quarter. Ranger Investment Management L.P. now owns 342,185 shares of the software maker’s stock worth $20,404,000 after acquiring an additional 35,329 shares during the period. Finally, Private Wealth Asset Management LLC increased its stake in Workiva by 133.2% in the 4th quarter. Private Wealth Asset Management LLC now owns 175,100 shares of the software maker’s stock valued at $15,102,000 after purchasing an additional 100,000 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

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.