Key Points
- Workiva EVP Brandon Ziegler sold 6,571 shares at an average price of $75.97, generating approximately $499,199. He retained 126,216 shares after the transaction, a 4.95% reduction in his direct ownership.
- Workiva’s latest quarterly results exceeded expectations, with adjusted EPS of $0.77 versus the $0.64 consensus and revenue of $255.29 million, up 18.6% year over year.
- Shares opened at $74.75, while analysts maintain a “Moderate Buy” consensus rating and an average price target of $84.75; institutional investors own 92.21% of the stock.
Workiva Inc. (NYSE:WK - Get Free Report) EVP Brandon Ziegler sold 6,571 shares of Workiva stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $75.97, for a total transaction of $499,198.87. Following the transaction, the executive vice president directly owned 126,216 shares of the company's stock, valued at $9,588,629.52. The trade was a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Workiva Trading Down 0.8%
Workiva stock opened at $74.75 on Friday. Workiva Inc. has a 12-month low of $43.34 and a 12-month high of $97.10. The firm has a 50-day moving average price of $57.07 and a 200-day moving average price of $57.00. The firm has a market capitalization of $4.19 billion, a PE ratio of 91.16 and a beta of 0.46.
Workiva (NYSE:WK - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.77 EPS for the quarter, beating the consensus estimate of $0.64 by $0.13. The company had revenue of $255.29 million for the quarter, compared to the consensus estimate of $251.16 million. Workiva had a net margin of 4.87% and a negative return on equity of 140.17%. The firm's revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 EPS. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. As a group, sell-side analysts predict that Workiva Inc. will post 1.31 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on WK. Weiss Ratings upgraded shares of Workiva from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, August 6th. Stephens reaffirmed an "overweight" rating and set a $68.00 price target on shares of Workiva in a research note on Tuesday, May 26th. Citigroup reaffirmed a "buy" rating on shares of Workiva in a research note on Thursday, August 6th. Robert W. Baird set a $74.00 price target on shares of Workiva in a report on Wednesday, May 6th. Finally, Stifel Nicolaus set a $70.00 price target on shares of Workiva in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Workiva currently has an average rating of "Moderate Buy" and an average price target of $84.75.
Get Our Latest Research Report on WK
Institutional Investors Weigh In On Workiva
Institutional investors and hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd purchased a new position in Workiva in the 4th quarter worth $26,000. Leonteq Securities AG acquired a new position in shares of Workiva in the fourth quarter valued at about $27,000. Quarry LP raised 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. Allworth Financial LP lifted its holdings in shares of Workiva by 82.3% during 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 period. Finally, IFP Advisors Inc lifted its holdings in shares of Workiva by 297.1% during the fourth quarter. IFP Advisors Inc now owns 413 shares of the software maker's stock worth $36,000 after purchasing an additional 309 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
