Workiva Inc. (WK) Sees Strong Trading Volume
Workiva Inc. (NYSE:WK) shares saw unusually-high trading volume on Friday . Approximately 230,233 shares were traded during 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.
WK has been the topic of several analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Workiva in a research report on Wednesday, June 29th. Zacks Investment Research cut shares of Workiva from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. Finally, Robert W. Baird restated an “outperform” rating and set a $18.00 price target on shares of Workiva in a report on Thursday, August 18th. Five investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of $18.75.
The stock’s market capitalization is $743.15 million. The stock’s 50 day moving average price is $15.79 and its 200-day moving average price is $13.34.
Workiva (NYSE:WK) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.14. During the same period in the prior year, the business earned ($0.21) earnings per share. The firm had revenue of $43 million for the quarter, compared to the consensus estimate of $42.07 million. The company’s revenue for the quarter was up 26.5% compared to the same quarter last year. On average, equities analysts predict that Workiva Inc. will post ($0.98) EPS for the current fiscal year.
In related news, major shareholder Jerome M. Behar sold 62,783 shares of the business’s stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $17.87, for a total value of $1,121,932.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Joseph H. Howell sold 3,940 shares of the business’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $14.00, for a total transaction of $55,160.00. Following the completion of the sale, the vice president now directly owns 15,581 shares in the company, valued at $218,134. 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.
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