Vontobel Holding Ltd. Sells 2,689 Shares of Workiva Inc. (NYSE:WK)

Vontobel Holding Ltd. lessened its position in Workiva Inc. (NYSE:WK) by 14.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,094 shares of the software maker’s stock after selling 2,689 shares during the period. Vontobel Holding Ltd.’s holdings in Workiva were worth $1,273,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Workiva by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 5,185,929 shares of the software maker’s stock valued at $439,767,000 after purchasing an additional 181,520 shares during the last quarter. Champlain Investment Partners LLC raised its position in Workiva by 58.2% in the 1st quarter. Champlain Investment Partners LLC now owns 1,340,114 shares of the software maker’s stock worth $113,642,000 after buying an additional 492,945 shares during the last quarter. Conestoga Capital Advisors LLC lifted its stake in Workiva by 2.8% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,188,445 shares of the software maker’s stock valued at $86,745,000 after acquiring an additional 32,230 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Workiva by 14.3% during the second quarter. Bank of New York Mellon Corp now owns 392,951 shares of the software maker’s stock valued at $28,682,000 after purchasing an additional 49,222 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its position in Workiva by 8.3% during the second quarter. William Blair Investment Management LLC now owns 377,832 shares of the software maker’s stock valued at $27,578,000 after purchasing an additional 29,005 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Workiva Stock Down 0.4 %

WK stock opened at $81.52 on Friday. The business’s 50-day moving average price is $77.53 and its 200-day moving average price is $77.00. The stock has a market cap of $4.47 billion, a P/E ratio of -47.40 and a beta of 1.05. Workiva Inc. has a twelve month low of $65.47 and a twelve month high of $105.00.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on WK shares. Northland Securities decreased their target price on shares of Workiva from $106.00 to $95.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. StockNews.com downgraded Workiva from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Robert W. Baird reduced their price target 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. Finally, Citigroup increased their price objective on shares of Workiva from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Workiva has a consensus rating of “Moderate Buy” and an average price target of $95.00.

Insider Transactions at Workiva

In related news, EVP Michael D. Hawkins sold 2,761 shares of Workiva stock in a transaction that occurred 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 sale, the executive vice president now owns 49,887 shares of the company’s stock, valued at approximately $3,721,570.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.