3,000 Shares in Workiva Inc. (NYSE:WK) Bought by Capital Wealth Planning LLC

Capital Wealth Planning LLC acquired a new position in Workiva Inc. (NYSE:WK) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 3,000 shares of the software maker’s stock, valued at approximately $328,000.

A number of other large investors have also recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its position in Workiva by 8.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker’s stock worth $159,000 after acquiring an additional 116 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Workiva during the 3rd quarter worth $168,000. Quantinno Capital Management LP acquired a new position in Workiva during the 3rd quarter worth $207,000. Truist Financial Corp acquired a new position in Workiva during the 4th quarter worth $211,000. Finally, Heartwood Wealth Advisors LLC acquired a new position in Workiva during the 4th quarter worth $219,000. 92.21% of the stock is currently owned by institutional investors.

Workiva Stock Up 0.1 %

NYSE:WK opened at $87.51 on Friday. Workiva Inc. has a 12-month low of $65.47 and a 12-month high of $116.83. The firm has a market capitalization of $4.85 billion, a PE ratio of -95.12 and a beta of 1.06. The firm has a 50-day moving average price of $101.41 and a 200 day moving average price of $91.03.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Citigroup boosted their target price on shares of Workiva from $128.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday. BMO Capital Markets cut their target price on shares of Workiva from $120.00 to $108.00 and set an “outperform” rating for the company in a research report on Wednesday. Robert W. Baird upped their price objective on shares of Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Raymond James raised shares of Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price objective for the company in a research report on Friday, January 3rd. Finally, The Goldman Sachs Group upped their price objective on shares of Workiva from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $121.57.

About Workiva

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.