Sanctuary Advisors LLC Invests $168,000 in Workiva Inc. (NYSE:WK)

Sanctuary Advisors LLC bought a new stake in Workiva Inc. (NYSE:WK) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,126 shares of the software maker’s stock, valued at approximately $168,000.

Other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in shares of Workiva in the 3rd quarter valued at about $28,000. Quarry LP lifted its position in Workiva by 57.8% during the second quarter. Quarry LP now owns 453 shares of the software maker’s stock valued at $33,000 after buying an additional 166 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Workiva during the second quarter worth approximately $62,000. Headlands Technologies LLC increased its position in shares of Workiva by 896.0% in the second quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker’s stock worth $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 purchasing an additional 179 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WK shares. Stifel Nicolaus upgraded Workiva from a “hold” rating to a “buy” rating and raised their target price for the company from $102.00 to $130.00 in a report on Wednesday, December 18th. Robert W. Baird lifted their price objective 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. BMO Capital Markets raised their price target on shares of Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Citigroup boosted their price objective on shares of Workiva from $116.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $117.40.

Workiva Stock Performance

WK opened at $109.83 on Tuesday. Workiva Inc. has a 1-year low of $65.47 and a 1-year high of $116.83. The company has a 50-day moving average of $95.64 and a 200-day moving average of $82.50. The company has a market capitalization of $6.08 billion, a P/E ratio of -119.38 and a beta of 1.09.

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.