Shares of Workiva Inc. (NYSE:WK) gapped up prior to trading on Thursday . The stock had previously closed at $16.09, but opened at $16.13. Workiva shares last traded at $16.44, with a volume of 36,036 shares trading hands.

Several analysts recently weighed in on WK shares. Morgan Stanley reaffirmed a “buy” rating on shares of Workiva in a research note on Thursday, May 5th. Zacks Investment Research lowered Workiva from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Five research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of $18.00.

The firm’s 50 day moving average is $14.08 and its 200-day moving average is $12.89. The firm’s market cap is $670.07 million.

Workiva (NYSE:WK) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.14. During the same quarter in the previous year, the firm posted ($0.21) earnings per share. The company had revenue of $43 million for the quarter, compared to the consensus estimate of $42.07 million. The business’s revenue for the quarter was up 26.5% compared to the same quarter last year. On average, equities research analysts predict that Workiva Inc. will post ($0.98) EPS for the current fiscal year.

In related news, VP Joseph H. Howell sold 18,963 shares of the business’s stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $14.02, for a total transaction of $265,861.26. Following the sale, the vice president now directly owns 15,581 shares in the company, valued at approximately $218,445.62. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Joseph H. Howell sold 6,627 shares of the business’s stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $14.01, for a total value of $92,844.27. Following the sale, the vice president now owns 15,581 shares in the company, valued at $218,289.81. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Workiva stock. Morgan Stanley boosted its position in Workiva Inc. (NYSE:WK) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,745,244 shares of the company’s stock after buying an additional 14,747 shares during the period. Morgan Stanley owned approximately 4.28% of Workiva worth $30,664,000 at the end of the most recent quarter.

Workiva Inc develops Wdesk, a cloud-based productivity platform for enterprises to collect, link, report and analyze business data with control and accountability. The Wdesk word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail.

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