Insider Selling: Workiva Inc (WK) Director Sells 5,000 Shares of Stock
Workiva Inc (NYSE:WK) Director Michael M. Crow sold 5,000 shares of Workiva stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $36.77, for a total value of $183,850.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NYSE:WK traded down $1.56 on Monday, reaching $34.64. The company had a trading volume of 249,200 shares, compared to its average volume of 222,757. Workiva Inc has a 52-week low of $20.50 and a 52-week high of $40.84. The company has a market capitalization of $1.59 billion, a PE ratio of -32.36 and a beta of 1.04.
Workiva (NYSE:WK) last posted its quarterly earnings data on Wednesday, November 7th. The software maker reported ($0.25) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.36) by $0.11. The business had revenue of $60.87 million during the quarter, compared to analyst estimates of $59.84 million. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.23) EPS. Sell-side analysts forecast that Workiva Inc will post -1.03 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Workiva in the 2nd quarter worth $127,000. Russell Investments Group Ltd. boosted its position in shares of Workiva by 114.3% in the 1st quarter. Russell Investments Group Ltd. now owns 7,500 shares of the software maker’s stock worth $178,000 after purchasing an additional 4,000 shares in the last quarter. Kessler Investment Group LLC acquired a new stake in shares of Workiva in the 3rd quarter worth $213,000. Verition Fund Management LLC acquired a new stake in shares of Workiva in the 3rd quarter worth $217,000. Finally, Ibex Investors LLC acquired a new stake in shares of Workiva in the 3rd quarter worth $222,000. 46.26% of the stock is owned by hedge funds and other institutional investors.
Workiva Company Profile
Workiva Inc provides cloud solutions for the finance and accounting, audit and internal controls, risk and compliance, and performance and management reporting markets in the United States and internationally. The company provides Wdesk, a platform with proprietary word processing, spreadsheet, and presentation applications to collect, link, report, and analyze the business data, as well as to create, review, and publish data-linked documents and reports.
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