Calamos Advisors LLC Sells 10,400 Shares of Workiva Inc. (WK)
Calamos Advisors LLC lowered its position in Workiva Inc. (NYSE:WK) by 29.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 24,900 shares of the company’s stock after selling 10,400 shares during the period. Calamos Advisors LLC’s holdings in Workiva were worth $340,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in Workiva by 0.7% in the first quarter. Geode Capital Management LLC now owns 128,517 shares of the company’s stock valued at $1,497,000 after buying an additional 900 shares in the last quarter. Strs Ohio boosted its stake in Workiva by 8.3% in the second quarter. Strs Ohio now owns 35,100 shares of the company’s stock valued at $479,000 after buying an additional 2,700 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Workiva by 33.3% in the first quarter. Renaissance Technologies LLC now owns 15,600 shares of the company’s stock valued at $182,000 after buying an additional 3,900 shares in the last quarter. State Street Corp boosted its stake in Workiva by 12.9% in the first quarter. State Street Corp now owns 78,230 shares of the company’s stock valued at $911,000 after buying an additional 8,940 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Workiva during the first quarter valued at approximately $369,000. 32.56% of the stock is currently owned by institutional investors.
Shares of Workiva Inc. (NYSE:WK) traded down 0.68% during midday trading on Thursday, reaching $17.50. 60,976 shares of the company’s stock traded hands. Workiva Inc. has a 12 month low of $10.91 and a 12 month high of $19.04. The stock’s market cap is $718.52 million. The stock has a 50 day moving average of $17.98 and a 200-day moving average of $14.37.
Workiva (NYSE:WK) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.20) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.34) by $0.14. Workiva had a negative net margin of 29.62% and a negative return on equity of 233.03%. The company earned $43 million during the quarter, compared to analysts’ expectations of $42.07 million. During the same period in the prior year, the company posted ($0.21) earnings per share. Workiva’s revenue for the quarter was up 26.5% compared to the same quarter last year. On average, equities research analysts forecast that Workiva Inc. will post ($0.98) EPS for the current fiscal year.
Several research firms recently commented on WK. Zacks Investment Research raised shares of Workiva from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock 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. Morgan Stanley reaffirmed an “overweight” rating on shares of Workiva in a research report on Wednesday, June 29th. Stifel Nicolaus boosted 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, Raymond James Financial Inc. boosted 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. Six analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of $19.40.
In other Workiva news, major shareholder Jerome M. Behar sold 90,000 shares of the firm’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $18.03, for a total value of $1,622,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Joseph H. Howell sold 3,366 shares of the firm’s stock in a transaction on Friday, July 8th. The stock was sold at an average price of $14.00, for a total transaction of $47,124.00. Following the completion of the sale, the vice president now owns 15,581 shares of the company’s stock, valued at $218,134. The disclosure for this sale can be found here. Insiders own 33.40% of the company’s stock.
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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