Workiva Inc. (NYSE:WK) EVP Michael D. Hawkins Sells 10,421 Shares

Workiva Inc. (NYSE:WK) EVP Michael D. Hawkins sold 10,421 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $85.43, for a total value of $890,266.03. Following the transaction, the executive vice president now directly owns 61,298 shares in the company, valued at approximately $5,236,688.14. This represents a 14.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Workiva Stock Performance

NYSE:WK opened at $85.89 on Monday. The firm’s 50-day moving average is $98.88 and its 200-day moving average is $91.42. The company has a market cap of $4.76 billion, a price-to-earnings ratio of -93.36 and a beta of 1.09. Workiva Inc. has a 52-week low of $65.47 and a 52-week high of $116.83.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WK. Stifel Nicolaus decreased their target price on Workiva from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. BMO Capital Markets lowered their target price on shares of Workiva from $120.00 to $108.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. The Goldman Sachs Group lifted their target price on shares of Workiva from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Citigroup upped their price target on shares of Workiva from $128.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Finally, Robert W. Baird lifted their price objective on Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Workiva presently has an average rating of “Moderate Buy” and an average target price of $121.57.

Hedge Funds Weigh In On Workiva

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its position in shares of Workiva by 8.7% in 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 period. World Investment Advisors raised its stake in shares of Workiva by 2.7% in the fourth quarter. World Investment Advisors now owns 5,135 shares of the software maker’s stock valued at $562,000 after purchasing an additional 135 shares in the last quarter. Park Avenue Securities LLC lifted its position in Workiva by 4.5% in the fourth quarter. Park Avenue Securities LLC now owns 4,561 shares of the software maker’s stock worth $499,000 after purchasing an additional 198 shares during the period. Arizona State Retirement System boosted its stake in Workiva by 1.6% during the fourth quarter. Arizona State Retirement System now owns 14,170 shares of the software maker’s stock worth $1,552,000 after buying an additional 224 shares in the last quarter. Finally, Twin Tree Management LP bought a new stake in Workiva in the 4th quarter valued at $25,000. 92.21% of the stock is currently owned by institutional investors.

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.