MQS Management LLC purchased a new stake in Workiva Inc. (NYSE:WK – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,231 shares of the software maker’s stock, valued at approximately $236,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. EntryPoint Capital LLC purchased a new position in Workiva in the first quarter valued at $40,000. Fidelis Capital Partners LLC acquired a new stake in Workiva during the first quarter worth approximately $45,000. RiverPark Advisors LLC lifted its position in shares of Workiva by 361.5% during the 1st quarter. RiverPark Advisors LLC now owns 1,140 shares of the software maker’s stock worth $97,000 after buying an additional 893 shares during the last quarter. Headlands Technologies LLC boosted its stake in Workiva by 896.0% in the second quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker’s stock valued at $128,000 after acquiring an additional 1,577 shares in the last quarter. Finally, Quest Partners LLC boosted its position in shares of Workiva by 44,933.3% in the 2nd quarter. Quest Partners LLC now owns 2,702 shares of the software maker’s stock valued at $197,000 after purchasing an additional 2,696 shares during the period. 92.21% of the stock is currently owned by hedge funds and other institutional investors.
Workiva Stock Down 0.1 %
NYSE:WK opened at $79.16 on Friday. The firm’s fifty day simple moving average is $75.27 and its 200-day simple moving average is $77.69. The stock has a market cap of $4.37 billion, a PE ratio of -46.02 and a beta of 1.05. Workiva Inc. has a fifty-two week low of $65.47 and a fifty-two week high of $106.75.
Wall Street Analysts Forecast Growth
WK has been the topic of a number of research reports. Robert W. Baird lowered their target price on shares of Workiva from $105.00 to $94.00 and set an “outperform” rating on the stock in a research report on Thursday, June 27th. StockNews.com cut shares of Workiva from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Northland Securities lowered their price target on Workiva from $106.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. BMO Capital Markets reaffirmed an “outperform” rating and set a $96.00 price objective on shares of Workiva in a research note on Tuesday, June 11th. Finally, Citigroup lifted their target price on Workiva from $103.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $95.00.
Check Out Our Latest Report on WK
Insider Buying and Selling
In related news, EVP Michael D. Hawkins sold 2,761 shares of Workiva stock in a transaction on Friday, September 13th. The stock was sold at an average price of $74.60, for a total transaction of $205,970.60. Following the completion of the transaction, the executive vice president now directly owns 49,887 shares of the company’s stock, valued at $3,721,570.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.86% of the company’s stock.
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.
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