Workiva Inc. (WK) Issues Q4 Earnings Guidance
Workiva Inc. (NYSE:WK) updated its fourth quarter earnings guidance on Tuesday. The company provided EPS guidance of ($0.23-0.22) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.15). The company issued revenue guidance of $53.0-53.4 million, compared to the consensus revenue estimate of $53.50 million.
WK has been the topic of several recent analyst reports. SunTrust Banks, Inc. reissued a buy rating and set a $24.00 target price (up previously from $22.00) on shares of Workiva in a research note on Wednesday, September 20th. Northland Securities reissued a buy rating and set a $18.00 target price on shares of Workiva in a research note on Friday, July 28th. Zacks Investment Research raised Workiva from a hold rating to a buy rating and set a $24.00 target price on the stock in a research note on Thursday, October 5th. Stifel Nicolaus lifted their target price on Workiva from $21.00 to $23.00 and gave the company a buy rating in a research note on Friday, August 18th. Finally, Morgan Stanley lifted their target price on Workiva from $18.00 to $19.00 and gave the company an equal weight rating in a research note on Monday, October 23rd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $21.71.
Workiva Inc. (WK) traded down $0.25 during midday trading on Tuesday, hitting $22.60. The stock had a trading volume of 145,873 shares, compared to its average volume of 117,109. The company has a debt-to-equity ratio of -3.11, a quick ratio of 0.98 and a current ratio of 0.98. Workiva Inc. has a 52-week low of $12.15 and a 52-week high of $22.95.
In related news, major shareholder Jerome M. Behar sold 46,387 shares of the business’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $20.00, for a total transaction of $927,740.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Jerome M. Behar sold 25,000 shares of the company’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $22.04, for a total value of $551,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 324,319 shares of company stock valued at $6,611,239. 33.29% of the stock is owned by company insiders.
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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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