Workiva (NYSE:WK) Cut to “Buy” at Wall Street Zen

Wall Street Zen cut shares of Workiva (NYSE:WK) from a strong-buy rating to a buy rating in a report issued on Saturday,Wall Street Zen reports.

WK has been the subject of several other research reports. BTIG Research set a $85.00 target price on Workiva in a research report on Wednesday, September 16th. Zacks Research lowered Workiva from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Weiss Ratings upgraded Workiva from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 6th. Stifel Nicolaus set a $95.00 price target on Workiva in a research note on Thursday, August 27th. Finally, Robert W. Baird upped their price target on Workiva from $95.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Workiva has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Workiva Price Performance

Shares of NYSE WK opened at $73.03 on Friday. Workiva has a 1 year low of $43.34 and a 1 year high of $97.10. The stock has a market capitalization of $4.10 billion, a P/E ratio of 89.07 and a beta of 0.53. The company’s 50-day moving average is $71.94 and its 200 day moving average is $59.48.

Workiva (NYSE:WK) last issued its quarterly earnings data 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 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%. Workiva’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period last 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. Research analysts anticipate that Workiva will post 1.31 earnings per share for the current year.

Insider Activity at Workiva

In related news, EVP Brandon Ziegler sold 6,571 shares of the company’s stock in a transaction that occurred on 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 owned 126,216 shares in the company, valued at $9,588,629.52. This represents a 4.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 4.77% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WK. Versant Capital Management Inc increased its holdings in shares of Workiva by 202.3% in the 2nd quarter. Versant Capital Management Inc now owns 532 shares of the software maker’s stock worth $26,000 after purchasing an additional 356 shares in the last quarter. Optiver Holding B.V. raised its stake in shares of Workiva by 454.5% in the first quarter. Optiver Holding B.V. now owns 621 shares of the software maker’s stock worth $37,000 after purchasing an additional 509 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Workiva by 43.8% during the third quarter. Farther Finance Advisors LLC now owns 732 shares of the software maker’s stock valued at $49,000 after purchasing an additional 223 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Workiva by 60.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 810 shares of the software maker’s stock valued at $70,000 after purchasing an additional 306 shares in the last quarter. Finally, Harbor Investment Advisory LLC bought a new position in shares of Workiva during the second quarter valued at $40,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Workiva Company Profile

Workiva Inc is a cloud-based software company that helps organizations manage complex reporting, compliance and operational processes. Its platform connects data from multiple sources, enabling users to prepare, review and distribute financial reports, regulatory filings, management reports and other business documents through a collaborative digital environment.

The company’s products support financial reporting, environmental, social and governance (ESG) reporting, risk management, internal controls, audit management and regulatory compliance.