Workiva Inc. (NYSE:WK) Shares Acquired by Transatlantique Private Wealth LLC

Transatlantique Private Wealth LLC increased its holdings in Workiva Inc. (NYSE:WK) by 30.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,590 shares of the software maker’s stock after buying an additional 1,312 shares during the period. Transatlantique Private Wealth LLC’s holdings in Workiva were worth $402,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in WK. Benjamin F. Edwards & Company Inc. increased its position in Workiva by 8.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker’s stock worth $171,000 after buying an additional 179 shares in the last quarter. MQS Management LLC purchased a new stake in Workiva during the 2nd quarter worth about $236,000. XTX Topco Ltd acquired a new position in Workiva in the 2nd quarter valued at about $833,000. Seven Eight Capital LP acquired a new position in Workiva in the 2nd quarter valued at about $1,562,000. Finally, Hsbc Holdings PLC lifted its holdings in Workiva by 316.5% in the 2nd quarter. Hsbc Holdings PLC now owns 14,304 shares of the software maker’s stock valued at $1,045,000 after purchasing an additional 10,870 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Workiva

In related news, EVP Michael D. Hawkins sold 2,761 shares of the firm’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 sale, the executive vice president now directly owns 49,887 shares in the company, valued at approximately $3,721,570.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.86% of the company’s stock.

Workiva Stock Down 0.1 %

Shares of WK stock opened at $79.16 on Friday. Workiva Inc. has a fifty-two week low of $65.47 and a fifty-two week high of $106.75. The firm’s 50 day moving average price is $75.27 and its two-hundred day moving average price is $77.74. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of -46.02 and a beta of 1.05.

Workiva (NYSE:WK) last posted its earnings results on Thursday, August 1st. The software maker reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). The company had revenue of $177.50 million for the quarter, compared to analyst estimates of $175.22 million. During the same quarter last year, the firm earned ($0.36) EPS. The company’s quarterly revenue was up 14.5% on a year-over-year basis. On average, equities analysts forecast that Workiva Inc. will post -0.86 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on WK. Robert W. Baird cut their price objective on shares of Workiva from $105.00 to $94.00 and set an “outperform” rating for the company in a research report on Thursday, June 27th. Citigroup raised their price objective on Workiva from $103.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Northland Securities dropped their target price on Workiva from $106.00 to $95.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. BMO Capital Markets reissued an “outperform” rating and issued a $96.00 price target on shares of Workiva in a research note on Tuesday, June 11th. Finally, StockNews.com cut Workiva from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

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.