Workiva Inc. (NYSE:WK) Director Robert H. Herz Sells 1,000 Shares

Workiva Inc. (NYSE:WKGet Free Report) Director Robert H. Herz sold 1,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $88.70, for a total transaction of $88,700.00. Following the transaction, the director now directly owns 34,084 shares of the company’s stock, valued at approximately $3,023,250.80. This trade represents a 2.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Workiva Stock Performance

Shares of NYSE:WK opened at $87.63 on Friday. The firm has a 50 day simple moving average of $96.98 and a 200 day simple moving average of $91.43. Workiva Inc. has a 52 week low of $65.47 and a 52 week high of $116.83. The company has a market cap of $4.92 billion, a PE ratio of -95.25 and a beta of 1.09.

Wall Street Analyst Weigh In

Several research analysts have commented on WK shares. Robert W. Baird upped their target price on shares of Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Stifel Nicolaus lowered their price objective on shares of Workiva from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. The Goldman Sachs Group increased their price target on Workiva from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Raymond James upgraded Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price objective for the company in a report on Friday, January 3rd. Finally, BMO Capital Markets dropped their price target on shares of Workiva from $120.00 to $108.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Workiva has a consensus rating of “Moderate Buy” and an average price target of $121.57.

View Our Latest Stock Analysis on WK

Institutional Investors Weigh In On Workiva

Several hedge funds have recently bought and sold shares of WK. State of New Jersey Common Pension Fund D raised its holdings in shares of Workiva by 2.8% during the third quarter. State of New Jersey Common Pension Fund D now owns 24,656 shares of the software maker’s stock worth $1,951,000 after acquiring an additional 664 shares in the last quarter. Entropy Technologies LP bought a new stake in Workiva in the third quarter worth $398,000. GSA Capital Partners LLP bought a new position in Workiva during the third quarter valued at about $641,000. Impax Asset Management Group plc lifted its position in shares of Workiva by 16.5% in the third quarter. Impax Asset Management Group plc now owns 158,586 shares of the software maker’s stock worth $12,547,000 after buying an additional 22,500 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. bought a new stake in shares of Workiva during the 3rd quarter worth about $268,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

About Workiva

(Get Free Report)

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.

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