Workiva Inc. (NYSE:WK) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its stake in shares of Workiva Inc. (NYSE:WK) by 60.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,906 shares of the software maker’s stock after selling 56,756 shares during the quarter. Jane Street Group LLC owned approximately 0.07% of Workiva worth $2,920,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in WK. V Square Quantitative Management LLC acquired a new stake in shares of Workiva in the third quarter valued at approximately $28,000. Quarry LP increased its position in Workiva by 57.8% in the 2nd quarter. Quarry LP now owns 453 shares of the software maker’s stock valued at $33,000 after acquiring an additional 166 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Workiva in the 2nd quarter valued at approximately $62,000. Headlands Technologies LLC raised its stake in Workiva by 896.0% during the 2nd 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, Benjamin F. Edwards & Company Inc. boosted its position in Workiva by 8.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker’s stock worth $171,000 after acquiring an additional 179 shares during the period. 92.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WK shares. Citigroup raised their price target on Workiva from $116.00 to $128.00 and gave the company a “buy” rating in a report on Monday, December 16th. Robert W. Baird raised their target price on shares of Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Stifel Nicolaus raised shares of Workiva from a “hold” rating to a “buy” rating and upped their price target for the stock from $102.00 to $130.00 in a research note on Wednesday. Finally, BMO Capital Markets raised their target price on Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $117.40.

Workiva Stock Up 3.1 %

NYSE:WK opened at $114.78 on Friday. The stock has a fifty day simple moving average of $92.52 and a 200 day simple moving average of $81.13. The firm has a market capitalization of $6.36 billion, a price-to-earnings ratio of -124.76 and a beta of 1.09. Workiva Inc. has a 1-year low of $65.47 and a 1-year high of $116.83.

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.