Mirae Asset Global Investments Co. Ltd. Sells 3,351 Shares of Workiva Inc. (NYSE:WK)

Mirae Asset Global Investments Co. Ltd. lessened its position in shares of Workiva Inc. (NYSE:WK) by 33.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,735 shares of the software maker’s stock after selling 3,351 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Workiva were worth $748,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versor Investments LP acquired a new stake in Workiva during the third quarter worth about $1,217,000. SG Americas Securities LLC lifted its position in Workiva by 141.6% in the fourth quarter. SG Americas Securities LLC now owns 9,341 shares of the software maker’s stock valued at $1,023,000 after buying an additional 5,475 shares during the last quarter. TimesSquare Capital Management LLC lifted its stake in Workiva by 4.3% during the 3rd quarter. TimesSquare Capital Management LLC now owns 467,769 shares of the software maker’s stock worth $37,010,000 after acquiring an additional 19,095 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in shares of Workiva by 138.8% in the third quarter. Mutual of America Capital Management LLC now owns 54,059 shares of the software maker’s stock worth $4,277,000 after acquiring an additional 31,421 shares in the last quarter. Finally, Nordea Investment Management AB acquired a new position in shares of Workiva during the fourth quarter worth about $59,894,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Workiva Stock Down 3.4 %

NYSE:WK opened at $91.10 on Thursday. Workiva Inc. has a 52-week low of $65.47 and a 52-week high of $116.83. The firm has a market cap of $5.05 billion, a P/E ratio of -99.02 and a beta of 1.06. The business’s 50-day moving average price is $105.86 and its 200 day moving average price is $89.84.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Citigroup increased their target price on shares of Workiva from $116.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, December 16th. The Goldman Sachs Group raised their price objective on Workiva from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Raymond James upgraded Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price objective for the company in a research report on Friday, January 3rd. Robert W. Baird upped their price target on shares of Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Stifel Nicolaus raised Workiva from a “hold” rating to a “buy” rating and raised their price objective for the company from $102.00 to $130.00 in a research report on Wednesday, December 18th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $122.14.

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.