Dorsey & Whitney Trust CO LLC Purchases 383 Shares of Workiva Inc. (NYSE:WK)

Dorsey & Whitney Trust CO LLC grew its stake in Workiva Inc. (NYSE:WK) by 1.4% during the fourth quarter, HoldingsChannel reports. The fund owned 27,170 shares of the software maker’s stock after acquiring an additional 383 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Workiva were worth $2,975,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in WK. Nisa Investment Advisors LLC increased its holdings 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 valued at $159,000 after acquiring an additional 116 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Workiva in the 3rd quarter valued at $168,000. Quantinno Capital Management LP purchased a new position in shares of Workiva in the 3rd quarter valued at $207,000. Truist Financial Corp purchased a new position in shares of Workiva in the 4th quarter valued at $211,000. Finally, Heartwood Wealth Advisors LLC purchased a new position in shares of Workiva in the 4th quarter valued at $219,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Raymond James upgraded Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price target on the stock in a report on Friday, January 3rd. BMO Capital Markets dropped their target price on Workiva from $120.00 to $108.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Citigroup boosted their target price on Workiva from $128.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Stifel Nicolaus dropped their target price on Workiva from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Finally, Robert W. Baird boosted their target price 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $121.57.

Workiva Stock Performance

Workiva stock opened at $85.89 on Friday. The business’s 50-day simple moving average is $99.39 and its two-hundred day simple moving average is $91.20. The company has a market cap of $4.76 billion, a PE ratio of -93.36 and a beta of 1.09. Workiva Inc. has a fifty-two week low of $65.47 and a fifty-two week high of $116.83.

Insider Buying and Selling at Workiva

In other news, CAO Brandon Ziegler sold 4,115 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $85.72, for a total value of $352,737.80. Following the completion of the transaction, the chief accounting officer now owns 103,509 shares of the company’s stock, valued at $8,872,791.48. The trade was a 3.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael D. Hawkins sold 10,421 shares of the business’s 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 completion of the transaction, the executive vice president now directly owns 61,298 shares of the company’s stock, valued at approximately $5,236,688.14. This trade represents a 14.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,129 shares of company stock worth $1,718,633. 3.86% of the stock is currently owned by insiders.

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.