Workiva (NYSE:WK) Given New $94.00 Price Target at Robert W. Baird

Workiva (NYSE:WK) had its target price decreased by Robert W. Baird from $105.00 to $94.00 in a report issued on Thursday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the software maker’s stock.

WK has been the topic of several other research reports. BMO Capital Markets reiterated an outperform rating and set a $96.00 price target on shares of Workiva in a research note on Tuesday, June 11th. StockNews.com raised Workiva from a hold rating to a buy rating in a report on Tuesday, June 11th. William Blair restated an outperform rating on shares of Workiva in a research report on Friday, May 3rd. Finally, Citigroup lowered their price objective on Workiva from $110.00 to $95.00 and set a buy rating on the stock in a research report on Tuesday, April 23rd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $103.71.

Workiva Stock Up 0.0 %

Shares of Workiva stock opened at $73.49 on Thursday. The company has a market cap of $4.03 billion, a price-to-earnings ratio of -42.73 and a beta of 1.07. The company’s 50 day moving average is $78.25 and its 200 day moving average is $86.25. Workiva has a twelve month low of $69.46 and a twelve month high of $116.00.

Workiva (NYSE:WK) last issued its quarterly earnings data on Thursday, May 2nd. The software maker reported ($0.19) EPS for the quarter, hitting the consensus estimate of ($0.19). The firm had revenue of $175.67 million during the quarter, compared to the consensus estimate of $173.85 million. Sell-side analysts expect that Workiva will post -0.62 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Michael D. Hawkins sold 3,435 shares of Workiva stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $81.46, for a total transaction of $279,815.10. Following the sale, the executive vice president now owns 55,487 shares in the company, valued at $4,519,971.02. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.86% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WK. Kopp LeRoy C bought a new position in Workiva during the first quarter valued at approximately $6,481,000. Cetera Investment Advisers purchased a new position in shares of Workiva in the first quarter valued at $1,629,000. Burney Co. bought a new stake in Workiva in the first quarter worth $3,678,000. Swedbank AB purchased a new stake in Workiva during the first quarter valued at $16,180,000. Finally, iA Global Asset Management Inc. lifted its position in Workiva by 12.5% during the first quarter. iA Global Asset Management Inc. now owns 7,159 shares of the software maker’s stock valued at $607,000 after purchasing an additional 794 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

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.