Workiva Inc. (NYSE:WK) Stake Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in Workiva Inc. (NYSE:WK) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 427,405 shares of the software maker’s stock after acquiring an additional 3,623 shares during the period. Charles Schwab Investment Management Inc. owned about 0.77% of Workiva worth $46,801,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Nisa Investment Advisors LLC raised its stake in shares of Workiva by 8.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker’s stock worth $159,000 after purchasing an additional 116 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Workiva during the 3rd quarter worth about $168,000. Quantinno Capital Management LP purchased a new stake in shares of Workiva during the 3rd quarter worth about $207,000. Truist Financial Corp purchased a new stake in shares of Workiva during the 4th quarter worth about $211,000. Finally, Heartwood Wealth Advisors LLC purchased a new stake in shares of Workiva during the 4th quarter worth about $219,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Workiva

In other news, CAO Brandon Ziegler sold 4,115 shares of Workiva stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $85.72, for a total transaction of $352,737.80. Following the sale, the chief accounting officer now owns 103,509 shares of the company’s stock, valued at approximately $8,872,791.48. This trade represents a 3.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert H. Herz sold 1,000 shares of Workiva stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $88.70, for a total value of $88,700.00. Following the sale, the director now directly owns 34,084 shares in the company, valued at $3,023,250.80. The trade was a 2.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,129 shares of company stock valued at $1,807,333 in the last 90 days. 3.86% of the stock is currently owned by insiders.

Analyst Ratings Changes

WK has been the topic of a number of analyst reports. The Goldman Sachs Group increased their price objective on Workiva from $120.00 to $133.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Citigroup increased their price objective on Workiva from $128.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Robert W. Baird increased their price objective on Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Stifel Nicolaus lowered their price objective on Workiva from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Finally, BMO Capital Markets lowered their price objective on Workiva from $120.00 to $108.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $121.57.

Workiva Stock Up 3.0 %

WK opened at $87.63 on Friday. The firm has a market capitalization of $4.92 billion, a P/E ratio of -95.25 and a beta of 1.09. The stock’s 50 day moving average price is $96.98 and its two-hundred day moving average price is $91.43. Workiva Inc. has a 12-month low of $65.47 and a 12-month high of $116.83.

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.