Workiva Inc. (WK) Shares Gap Up to $16.13
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.
A number of equities research analysts have recently weighed in on WK shares. Zacks Investment Research raised Workiva from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Wednesday, May 11th. Morgan Stanley reaffirmed a “buy” rating on shares of Workiva in a research note on Thursday, May 5th. Five research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of $18.00.
The stock’s 50-day moving average price is $14.01 and its 200-day moving average price is $12.89. The company’s market capitalization is $669.25 million.
Workiva (NYSE:WK) last posted its earnings results 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 period in the previous year, the company posted ($0.21) EPS. The company earned $43 million during the quarter, compared to analysts’ expectations of $42.07 million. Workiva’s quarterly revenue was up 26.5% compared to the same quarter last year. Equities research analysts anticipate that Workiva Inc. will post ($0.98) EPS for the current year.
In related news, VP Joseph H. Howell sold 18,963 shares of the company’s stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $14.02, for a total value of $265,861.26. Following the sale, the vice president now owns 15,581 shares of the company’s stock, valued at approximately $218,445.62. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Joseph H. Howell sold 3,366 shares of the company’s stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $14.00, for a total value of $47,124.00. Following the completion of the sale, the vice president now directly owns 15,581 shares in the company, valued at approximately $218,134. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Workiva stock. Morgan Stanley increased its position in shares of Workiva Inc. (NYSE:WK) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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.