XTX Topco Ltd Takes Position in Workiva Inc. (NYSE:WK)

XTX Topco Ltd bought a new position in shares of Workiva Inc. (NYSE:WK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,412 shares of the software maker’s stock, valued at approximately $833,000.

Several other hedge funds have also recently added to or reduced their stakes in WK. EntryPoint Capital LLC purchased a new stake in Workiva during the 1st quarter worth about $40,000. Fidelis Capital Partners LLC purchased a new stake in Workiva during the first quarter worth approximately $45,000. RiverPark Advisors LLC boosted its holdings in Workiva by 361.5% in the first quarter. RiverPark Advisors LLC now owns 1,140 shares of the software maker’s stock valued at $97,000 after purchasing an additional 893 shares in the last quarter. Headlands Technologies LLC increased 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 purchasing an additional 1,577 shares during the last quarter. Finally, Dynasty Wealth Management LLC acquired a new stake in Workiva during the first quarter worth approximately $226,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on WK shares. Citigroup increased their target price on shares of Workiva from $103.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Robert W. Baird cut their target price on Workiva from $105.00 to $94.00 and set an “outperform” rating on the stock in a research report on Thursday, June 27th. Northland Securities decreased their target price on Workiva from $106.00 to $95.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. BMO Capital Markets reaffirmed an “outperform” rating and set a $96.00 price target on shares of Workiva in a research report on Tuesday, June 11th. Finally, StockNews.com downgraded Workiva from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Workiva has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

Insider Activity

In related news, EVP Michael D. Hawkins sold 2,761 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $74.60, for a total value of $205,970.60. Following the completion of the sale, the executive vice president now owns 49,887 shares in the company, valued at $3,721,570.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.86% of the company’s stock.

Workiva Stock Down 0.1 %

WK opened at $79.16 on Monday. Workiva Inc. has a 52 week low of $65.47 and a 52 week high of $106.75. The business has a 50 day moving average price of $75.27 and a two-hundred day moving average price of $77.64. The company has a market cap of $4.34 billion, a PE ratio of -46.02 and a beta of 1.05.

Workiva (NYSE:WK) last released its quarterly earnings results on Thursday, August 1st. The software maker reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). The firm had revenue of $177.50 million during the quarter, compared to analyst estimates of $175.22 million. During the same period in the previous year, the business earned ($0.36) EPS. Workiva’s revenue was up 14.5% on a year-over-year basis. As a group, sell-side analysts expect that Workiva Inc. will post -0.86 EPS for the current fiscal year.

About Workiva

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.