Workiva Inc. $WK Shares Newly Purchased by Inspire Investing LLC

Inspire Investing LLC purchased a new stake in shares of Workiva Inc. (NYSE:WK) in the third quarter, according to its most recent filing with the SEC. The firm purchased 9,559 shares of the software maker’s stock, valued at approximately $636,000.

Several other institutional investors have also modified their holdings of WK. State of Alaska Department of Revenue increased its stake in Workiva by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 2,423 shares of the software maker’s stock valued at $161,000 after purchasing an additional 164 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in Workiva by 1.3% in the second quarter. Handelsbanken Fonder AB now owns 16,095 shares of the software maker’s stock valued at $781,000 after purchasing an additional 200 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Workiva by 43.8% in the third quarter. Farther Finance Advisors LLC now owns 732 shares of the software maker’s stock valued at $49,000 after buying an additional 223 shares in the last quarter. Arizona State Retirement System increased its position in shares of Workiva by 1.9% in the second quarter. Arizona State Retirement System now owns 13,953 shares of the software maker’s stock valued at $677,000 after buying an additional 254 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of Workiva by 60.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 810 shares of the software maker’s stock valued at $70,000 after buying an additional 306 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Insider Buying and Selling at Workiva

In other news, EVP Brandon Ziegler sold 6,571 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $75.97, for a total transaction of $499,198.87. Following the sale, the executive vice president owned 126,216 shares in the company, valued at $9,588,629.52. This trade represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.77% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Stifel Nicolaus set a $95.00 price target on Workiva in a research note on Thursday, August 27th. BTIG Research set a $85.00 price objective on shares of Workiva in a research note on Wednesday, September 16th. UBS Group set a $70.00 target price on shares of Workiva in a report on Wednesday, August 5th. Wall Street Zen upgraded shares of Workiva from a “buy” rating to a “strong-buy” rating in a research report on Sunday, October 18th. Finally, Zacks Research cut shares of Workiva from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $87.00.

Workiva Price Performance

Workiva stock opened at $82.43 on Friday. Workiva Inc. has a 12-month low of $43.34 and a 12-month high of $97.10. The stock has a market capitalization of $4.63 billion, a P/E ratio of 100.53 and a beta of 0.53. The firm’s 50-day moving average is $74.95 and its two-hundred day moving average is $63.18.

Workiva (NYSE:WK) last posted its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. The business had revenue of $255.29 million during the quarter, compared to analyst estimates of $251.16 million. Workiva had a net margin of 4.87% and a negative return on equity of 140.17%. The company’s revenue was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $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. As a group, analysts forecast that Workiva Inc. will post 1.31 EPS for the current year.

About Workiva

Workiva Inc (NYSE: WK) provides cloud-based software designed to help organizations manage reporting, compliance, risk and other complex business processes. Its platform connects financial, operational and environmental, social and governance (ESG) data so teams can collaborate on information used for internal and external reporting.

The company’s products support financial reporting, regulatory filings, audit and compliance workflows, investor communications, and sustainability reporting.