Michael D. Hawkins Sells 10,421 Shares of Workiva Inc. (NYSE:WK) Stock

Workiva Inc. (NYSE:WK) EVP Michael D. Hawkins sold 10,421 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $85.43, for a total transaction of $890,266.03. Following the transaction, the executive vice president now owns 61,298 shares in the company, valued at approximately $5,236,688.14. This trade represents a 14.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Workiva Trading Down 1.0 %

WK stock opened at $85.89 on Friday. Workiva Inc. has a 52 week low of $65.47 and a 52 week high of $116.83. The company has a market cap of $4.76 billion, a P/E ratio of -93.36 and a beta of 1.09. The company’s 50-day moving average price is $98.88 and its 200 day moving average price is $91.33.

Analysts Set New Price Targets

WK has been the topic of a number of recent analyst reports. Robert W. Baird boosted their price target on shares of Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. BMO Capital Markets dropped their price target on shares of Workiva from $120.00 to $108.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. The Goldman Sachs Group boosted their price target on shares of Workiva from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Stifel Nicolaus decreased their price objective on shares of Workiva from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Finally, Raymond James raised shares of Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price objective on the stock in a report on Friday, January 3rd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Workiva has a consensus rating of “Moderate Buy” and a consensus price target of $121.57.

Institutional Trading of Workiva

Several institutional investors and hedge funds have recently modified their holdings of WK. US Bancorp DE lifted its holdings in shares of Workiva by 58.3% in the third quarter. US Bancorp DE now owns 23,431 shares of the software maker’s stock valued at $1,854,000 after purchasing an additional 8,632 shares in the last quarter. TimesSquare Capital Management LLC lifted its holdings in shares of Workiva by 4.3% in the third quarter. TimesSquare Capital Management LLC now owns 467,769 shares of the software maker’s stock valued at $37,010,000 after purchasing an additional 19,095 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of Workiva by 2.8% during the third quarter. State of New Jersey Common Pension Fund D now owns 24,656 shares of the software maker’s stock valued at $1,951,000 after buying an additional 664 shares during the period. Versor Investments LP purchased a new position in shares of Workiva during the third quarter valued at approximately $1,217,000. Finally, Entropy Technologies LP purchased a new position in shares of Workiva during the third quarter valued at approximately $398,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

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.