Workiva Inc. (NYSE:WK) Shares Sold by DF Dent & Co. Inc.

DF Dent & Co. Inc. lessened its holdings in shares of Workiva Inc. (NYSE:WK) by 81.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 69,964 shares of the software maker’s stock after selling 312,733 shares during the quarter. DF Dent & Co. Inc.’s holdings in Workiva were worth $5,536,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in shares of Workiva in the third quarter valued at approximately $28,000. Quarry LP lifted its holdings in shares of Workiva by 57.8% in the second quarter. Quarry LP now owns 453 shares of the software maker’s stock valued at $33,000 after buying an additional 166 shares during the period. Point72 Hong Kong Ltd bought a new position in Workiva during the second quarter valued at about $62,000. Headlands Technologies LLC grew its holdings in Workiva by 896.0% during the second quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker’s stock worth $128,000 after acquiring an additional 1,577 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its position in Workiva by 8.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker’s stock worth $171,000 after acquiring an additional 179 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insider Transactions at Workiva

In related news, EVP Michael D. Hawkins sold 2,761 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $74.60, for a total transaction of $205,970.60. Following the transaction, the executive vice president now directly owns 49,887 shares in the company, valued at $3,721,570.20. The trade was a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.86% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

WK has been the subject of a number of research reports. Robert W. Baird raised their target price on shares of Workiva from $94.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Stifel Nicolaus lifted their price target on Workiva from $85.00 to $102.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets upped their price objective on shares of Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Workiva currently has a consensus rating of “Moderate Buy” and an average target price of $103.20.

Workiva Stock Up 2.0 %

Shares of NYSE WK opened at $102.86 on Friday. Workiva Inc. has a 12 month low of $65.47 and a 12 month high of $105.00. The business’s 50 day moving average is $86.75 and its two-hundred day moving average is $79.19.

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.