Workiva Inc. (WK) Sees Strong Trading Volume
Workiva Inc. (NYSE:WK) shares saw unusually-strong trading volume on Friday . Approximately 230,233 shares were traded during mid-day trading, an increase of 91% from the previous session’s volume of 120,320 shares.The stock last traded at $18.03 and had previously closed at $17.92.
Several equities research analysts have commented on WK shares. Zacks Investment Research upgraded shares of Workiva from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Wednesday, May 11th. Morgan Stanley restated a “buy” rating on shares of Workiva in a research note on Thursday, May 5th. Finally, Robert W. Baird restated an “outperform” rating and issued a $18.00 price target on shares of Workiva in a research note on Thursday, August 18th. Five investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of $18.75.
The stock’s 50-day moving average is $15.67 and its 200-day moving average is $13.30. The company’s market capitalization is $743.15 million.
Workiva (NYSE:WK) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.14. The company earned $43 million during the quarter, compared to analyst estimates of $42.07 million. During the same quarter in the prior year, the business earned ($0.21) earnings per share. The business’s revenue for the quarter was up 26.5% on a year-over-year basis. On average, equities analysts anticipate that Workiva Inc. will post ($0.98) EPS for the current fiscal year.
In other Workiva news, VP Joseph H. Howell sold 3,940 shares of the firm’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $14.00, for a total value of $55,160.00. Following the sale, the vice president now directly owns 15,581 shares in the company, valued at approximately $218,134. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Joseph H. Howell sold 6,627 shares of the firm’s stock in a transaction on Thursday, June 9th. The stock was sold at an average price of $14.01, for a total transaction of $92,844.27. Following the completion of 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.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.