Insider Selling: Workiva Inc. (WK) VP Sells 24,000 Shares of Stock
Workiva Inc. (NYSE:WK) VP Joseph H. Howell sold 24,000 shares of the stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $17.61, for a total transaction of $422,640.00. Following the sale, the vice president now directly owns 15,581 shares of the company’s stock, valued at $274,381.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Workiva Inc. (NYSE:WK) traded down 1.40% during trading on Wednesday, reaching $17.62. 77,832 shares of the company traded hands. The stock’s 50 day moving average is $17.96 and its 200 day moving average is $14.34. The company’s market capitalization is $723.44 million. Workiva Inc. has a 1-year low of $10.91 and a 1-year high of $19.04.
Workiva (NYSE:WK) last released its earnings results on Wednesday, August 3rd. The company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.14. The company earned $43 million during the quarter, compared to the consensus estimate of $42.07 million. Workiva had a negative return on equity of 233.03% and a negative net margin of 29.62%. Workiva’s revenue was up 26.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.21) EPS. On average, analysts forecast that Workiva Inc. will post ($0.98) EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Advisors LLC increased its position in Workiva by 87.8% in the second quarter. BlackRock Advisors LLC now owns 9,828 shares of the company’s stock valued at $134,000 after buying an additional 4,595 shares in the last quarter. Royal Bank of Canada increased its position in shares of Workiva by 98.4% in the second quarter. Royal Bank of Canada now owns 12,372 shares of the company’s stock worth $169,000 after buying an additional 6,135 shares in the last quarter. American International Group Inc. increased its position in shares of Workiva by 101.2% in the second quarter. American International Group Inc. now owns 12,647 shares of the company’s stock worth $173,000 after buying an additional 6,360 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Workiva by 33.3% in the first quarter. Renaissance Technologies LLC now owns 15,600 shares of the company’s stock worth $182,000 after buying an additional 3,900 shares in the last quarter. Finally, Nationwide Fund Advisors increased its position in shares of Workiva by 205.1% in the second quarter. Nationwide Fund Advisors now owns 14,188 shares of the company’s stock worth $194,000 after buying an additional 9,537 shares in the last quarter. 32.56% of the stock is owned by institutional investors.
Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Workiva from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Thursday, August 11th. Robert W. Baird reaffirmed an “outperform” rating and issued a $18.00 price objective on shares of Workiva in a research report on Thursday, August 18th. Raymond James Financial Inc. increased their price objective on shares of Workiva from $16.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, September 8th. Stifel Nicolaus increased their price objective on shares of Workiva from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, September 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Workiva in a research report on Wednesday, June 29th. Six research analysts have rated the stock with a buy rating, Workiva has a consensus rating of “Buy” and a consensus target price of $19.40.
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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