Key Points
- Director Robert Herz sold 1,000 shares of Workiva stock on May 29 at an average price of $49.69, totaling $49,690. After the sale, he still held 34,802 shares.
- Workiva shares were down 1.9% and traded around $51.83, well below both the 50-day and 200-day moving averages, signaling recent weakness in the stock.
- The company recently beat quarterly earnings estimates with EPS of $0.77 versus $0.66 expected and revenue up 19.9% year over year, while its board also authorized a $250 million share buyback.
Workiva Inc. (NYSE:WK - Get Free Report) Director Robert Herz sold 1,000 shares of the firm's stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $49.69, for a total value of $49,690.00. Following the sale, the director owned 34,802 shares in the company, valued at $1,729,311.38. The trade was a 2.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Workiva Stock Down 1.9%
NYSE WK opened at $51.83 on Wednesday. The stock's 50-day simple moving average is $53.94 and its two-hundred day simple moving average is $69.94. Workiva Inc. has a twelve month low of $43.34 and a twelve month high of $97.10. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 225.36 and a beta of 0.51.
Workiva (NYSE:WK - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The software maker reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.11. Workiva had a negative return on equity of 68.43% and a net margin of 1.53%.The business had revenue of $247.31 million for the quarter, compared to the consensus estimate of $245.17 million. During the same quarter last year, the business posted $0.14 earnings per share. The company's revenue for the quarter was up 19.9% on a year-over-year basis. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. On average, equities analysts expect that Workiva Inc. will post 0.92 earnings per share for the current fiscal year.
Workiva announced that its board has authorized a share buyback plan on Monday, February 16th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the software maker to reacquire up to 7.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the company. Raymond James Financial restated an "outperform" rating and set a $85.00 price target on shares of Workiva in a research report on Wednesday, May 6th. BMO Capital Markets decreased their price objective on Workiva from $92.00 to $83.00 and set an "outperform" rating on the stock in a report on Friday, February 20th. Wall Street Zen upgraded Workiva from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 9th. Robert W. Baird set a $74.00 price objective on Workiva in a report on Wednesday, May 6th. Finally, Zacks Research upgraded Workiva from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Workiva has an average rating of "Moderate Buy" and an average target price of $88.50.
Read Our Latest Analysis on WK
Institutional Trading of Workiva
Large investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Workiva in the fourth quarter worth about $26,000. Leonteq Securities AG bought a new stake in shares of Workiva in the fourth quarter worth about $27,000. EverSource Wealth Advisors LLC grew its stake in shares of Workiva by 217.9% in the third quarter. EverSource Wealth Advisors LLC now owns 391 shares of the software maker's stock worth $34,000 after purchasing an additional 268 shares during the last quarter. Quarry LP grew its stake in shares of Workiva by 396.3% in the fourth quarter. Quarry LP now owns 407 shares of the software maker's stock worth $35,000 after purchasing an additional 325 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of Workiva by 82.3% in the third quarter. Allworth Financial LP now owns 412 shares of the software maker's stock worth $35,000 after purchasing an additional 186 shares during the last quarter. 92.21% of the stock is owned by institutional investors.
Workiva Company Profile
(
Get Free Report)
Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.
The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.
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