Robert W. Baird Raises Workiva (NYSE:WK) Price Target to $130.00

Workiva (NYSE:WK) had its price target lifted by analysts at Robert W. Baird from $110.00 to $130.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the software maker’s stock. Robert W. Baird’s price objective points to a potential upside of 25.16% from the company’s previous close.

Several other research analysts have also commented on the company. Stifel Nicolaus raised their price target on Workiva from $85.00 to $102.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. BMO Capital Markets lifted their target price on Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $107.20.

Workiva Stock Performance

NYSE:WK opened at $103.87 on Friday. Workiva has a fifty-two week low of $65.47 and a fifty-two week high of $106.03. The company has a 50 day moving average price of $89.29 and a 200 day moving average price of $79.99. The stock has a market capitalization of $5.75 billion, a P/E ratio of -112.90 and a beta of 1.09.

Institutional Investors Weigh In On Workiva

Several large investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new stake in shares of Workiva in the 3rd quarter valued at approximately $28,000. Quarry LP grew its stake in shares of Workiva by 57.8% during the second quarter. Quarry LP now owns 453 shares of the software maker’s stock worth $33,000 after purchasing an additional 166 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Workiva in the second quarter valued at $62,000. Headlands Technologies LLC raised 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 buying an additional 1,577 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Workiva during the 3rd quarter worth about $168,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Workiva Company 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.