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

Workiva Inc. (NYSE:WK) 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.

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

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.