Workiva’s (WK) “Buy” Rating Reiterated at SunTrust Banks, Inc.
A number of other analysts have also recently weighed in on WK. Northland Securities set a $23.00 price objective on shares of Workiva and gave the stock a buy rating in a report on Sunday, September 10th. Stifel Nicolaus reissued a buy rating and set a $21.00 price objective on shares of Workiva in a report on Friday, August 4th. BidaskClub cut shares of Workiva from a buy rating to a hold rating in a report on Thursday, August 10th. Robert W. Baird raised their price objective on shares of Workiva from $19.00 to $20.00 and gave the stock a neutral rating in a report on Thursday, September 21st. Finally, Zacks Investment Research raised shares of Workiva from a hold rating to a buy rating and set a $24.00 price objective on the stock in a report on Thursday, October 5th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $21.71.
Workiva (NYSE WK) opened at $22.90 on Friday. Workiva has a 12 month low of $12.15 and a 12 month high of $22.95. The company has a debt-to-equity ratio of -3.11, a current ratio of 0.98 and a quick ratio of 0.98.
Workiva (NYSE:WK) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.25) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.06. Workiva had a negative net margin of 18.94% and a negative return on equity of 13,251.94%. The company had revenue of $49.40 million during the quarter, compared to the consensus estimate of $48.37 million. During the same quarter in the previous year, the firm earned ($0.20) earnings per share. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. equities analysts expect that Workiva will post -1.05 EPS for the current fiscal year.
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In other news, major shareholder Jerome M. Behar sold 46,387 shares of Workiva stock in a transaction on Friday, August 18th. The shares were sold at an average price of $20.00, for a total value of $927,740.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Jerome M. Behar sold 9,500 shares of Workiva stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $22.04, for a total transaction of $209,380.00. The disclosure for this sale can be found here. Insiders sold a total of 324,319 shares of company stock worth $6,611,239 over the last ninety days. Corporate insiders own 33.29% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Highwater Wealth Management LLC increased its holdings in shares of Workiva by 3.1% in the 3rd quarter. Highwater Wealth Management LLC now owns 773,367 shares of the software maker’s stock valued at $16,125,000 after acquiring an additional 23,367 shares during the period. Swiss National Bank increased its stake in Workiva by 13.0% in the 2nd quarter. Swiss National Bank now owns 39,021 shares of the software maker’s stock valued at $743,000 after buying an additional 4,500 shares during the period. American International Group Inc. increased its stake in Workiva by 7.0% in the 1st quarter. American International Group Inc. now owns 13,520 shares of the software maker’s stock valued at $212,000 after buying an additional 888 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Workiva by 5.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 72,076 shares of the software maker’s stock valued at $1,128,000 after buying an additional 3,762 shares during the period. Finally, Virtu KCG Holdings LLC acquired a new position in Workiva in the 2nd quarter valued at $285,000. 32.35% of the stock is currently owned by institutional investors and hedge funds.
Workiva Company Profile
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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