Workiva Inc. (WK) Major Shareholder Sells $209,380.00 in Stock
Workiva Inc. (NYSE:WK) major shareholder Jerome M. Behar sold 9,500 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $22.04, for a total value of $209,380.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Workiva Inc. (NYSE:WK) traded up 0.68% during mid-day trading on Friday, hitting $22.10. The company had a trading volume of 80,511 shares. The firm’s market capitalization is $924.35 million. Workiva Inc. has a 52-week low of $12.15 and a 52-week high of $22.15. The firm has a 50-day moving average price of $20.15 and a 200 day moving average price of $18.60.
Workiva (NYSE:WK) last posted its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.25) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.06. The business had revenue of $49.40 million during the quarter, compared to the consensus estimate of $48.37 million. Workiva had a negative net margin of 18.94% and a negative return on equity of 13,251.94%. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.20) earnings per share. Analysts expect that Workiva Inc. will post ($0.63) earnings per share for the current year.
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WK has been the subject of a number of research reports. SunTrust Banks, Inc. initiated coverage on Workiva in a report on Monday, June 26th. They issued a “buy” rating and a $22.00 price target for the company. BidaskClub lowered Workiva from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Morgan Stanley reiterated an “equal weight” rating and issued a $18.00 price target (up previously from $16.00) on shares of Workiva in a report on Tuesday, July 25th. Northland Securities reiterated a “buy” rating and issued a $18.00 price target on shares of Workiva in a report on Friday, July 28th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $21.00 price target on shares of Workiva in a report on Friday, August 4th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $21.57.
Several large investors have recently bought and sold shares of WK. Bank of New York Mellon Corp grew its stake in shares of Workiva by 6.6% in the first quarter. Bank of New York Mellon Corp now owns 82,098 shares of the software maker’s stock worth $1,285,000 after acquiring an additional 5,102 shares in the last quarter. Swiss National Bank grew its stake in shares of Workiva by 9.5% in the first quarter. Swiss National Bank now owns 34,521 shares of the software maker’s stock worth $540,000 after acquiring an additional 3,000 shares in the last quarter. American International Group Inc. grew its stake in shares of Workiva by 7.0% in the first quarter. American International Group Inc. now owns 13,520 shares of the software maker’s stock worth $212,000 after acquiring an additional 888 shares in the last quarter. Spark Investment Management LLC grew its stake in shares of Workiva by 41.6% in the first quarter. Spark Investment Management LLC now owns 70,400 shares of the software maker’s stock worth $1,101,000 after acquiring an additional 20,700 shares in the last quarter. Finally, Teachers Advisors LLC grew its stake in shares of Workiva by 2.4% in the first quarter. Teachers Advisors LLC now owns 72,894 shares of the software maker’s stock worth $1,141,000 after acquiring an additional 1,680 shares in the last quarter. Institutional investors and hedge funds own 32.18% of the company’s stock.
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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