Workiva Inc. (NYSE:WK) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lowered its stake in shares of Workiva Inc. (NYSE:WK) by 37.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,895 shares of the software maker’s stock after selling 3,592 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Workiva were worth $466,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of WK. Intech Investment Management LLC acquired a new stake in shares of Workiva during the 3rd quarter worth $862,000. King Luther Capital Management Corp grew its position in Workiva by 3.2% during the third quarter. King Luther Capital Management Corp now owns 66,580 shares of the software maker’s stock valued at $5,268,000 after acquiring an additional 2,079 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Workiva by 345.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 92,451 shares of the software maker’s stock worth $7,315,000 after acquiring an additional 71,719 shares during the last quarter. Quest Partners LLC raised its holdings in shares of Workiva by 441.6% in the 3rd quarter. Quest Partners LLC now owns 14,633 shares of the software maker’s stock worth $1,158,000 after purchasing an additional 11,931 shares during the period. Finally, Mutual of America Capital Management LLC lifted its stake in shares of Workiva by 138.8% in the 3rd quarter. Mutual of America Capital Management LLC now owns 54,059 shares of the software maker’s stock valued at $4,277,000 after purchasing an additional 31,421 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Workiva Price Performance

Workiva stock opened at $95.62 on Friday. Workiva Inc. has a 12-month low of $65.47 and a 12-month high of $105.00. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of -103.93 and a beta of 1.05. The firm’s fifty day moving average price is $82.57 and its 200 day moving average price is $78.11.

Wall Street Analysts Forecast Growth

WK has been the topic of several research reports. BMO Capital Markets raised their price target on shares of Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Northland Securities reduced their target price on shares of Workiva from $106.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Robert W. Baird upped their price target on shares of Workiva from $94.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Stifel Nicolaus raised their price objective on Workiva from $85.00 to $102.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Finally, StockNews.com downgraded Workiva from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Workiva currently has an average rating of “Moderate Buy” and a consensus price target of $103.20.

Insider Activity

In other Workiva news, EVP Michael D. Hawkins sold 2,761 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $74.60, for a total value of $205,970.60. Following the transaction, the executive vice president now directly owns 49,887 shares of the company’s stock, valued at $3,721,570.20. This represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 3.86% of the company’s stock.

Workiva Profile

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.