Trexquant Investment LP bought a new position in shares of Workiva Inc (NYSE:WK) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,533 shares of the software maker’s stock, valued at approximately $337,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of WK. Bank of Montreal Can acquired a new position in Workiva in the second quarter valued at about $311,000. Engineers Gate Manager LP acquired a new position in Workiva in the second quarter valued at about $411,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Workiva in the second quarter valued at about $1,645,000. SG Americas Securities LLC acquired a new position in Workiva in the second quarter valued at about $127,000. Finally, First Hawaiian Bank acquired a new position in Workiva in the third quarter valued at about $260,000. 46.05% of the stock is owned by institutional investors.

Shares of NYSE WK opened at $34.26 on Friday. Workiva Inc has a 12 month low of $20.50 and a 12 month high of $40.84.

Workiva (NYSE:WK) last issued its earnings results on Wednesday, November 7th. The software maker reported ($0.25) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.36) by $0.11. The business had revenue of $60.87 million for the quarter, compared to analyst estimates of $59.84 million. The firm’s revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.23) EPS. As a group, equities analysts predict that Workiva Inc will post -1.03 earnings per share for the current fiscal year.

A number of research analysts recently commented on the company. Zacks Investment Research downgraded Workiva from a “buy” rating to a “hold” rating in a research note on Friday. SunTrust Banks boosted their price target on Workiva to $39.00 and gave the company a “positive” rating in a research note on Wednesday, August 29th. They noted that the move was a valuation call. Stifel Nicolaus boosted their price target on Workiva from $35.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, September 21st. Morgan Stanley downgraded Workiva from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $20.00 to $28.00 in a research note on Tuesday, September 18th. Finally, Robert W. Baird raised Workiva from a “neutral” rating to an “outperform” rating and set a $42.00 price target for the company in a research note on Tuesday, September 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $39.17.

In other Workiva news, CAO Jill Klindt sold 3,500 shares of the business’s stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $35.11, for a total transaction of $122,885.00. Following the completion of the transaction, the chief accounting officer now owns 34,354 shares of the company’s stock, valued at $1,206,168.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Jeff D. Trom sold 20,000 shares of the business’s stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $33.84, for a total value of $676,800.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 88,500 shares of company stock valued at $3,144,165. Insiders own 29.94% of the company’s stock.

WARNING: This report was reported by Daily Political and is the property of of Daily Political. If you are accessing this report on another publication, it was illegally copied and republished in violation of international trademark & copyright laws. The original version of this report can be viewed at https://www.dailypolitical.com/2018/12/08/8533-shares-in-workiva-inc-wk-purchased-by-trexquant-investment-lp.html.

Workiva 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.

See Also: NASDAQ Stock Market Explained

Want to see what other hedge funds are holding WK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Workiva Inc (NYSE:WK).

Institutional Ownership by Quarter for Workiva (NYSE:WK)

Receive News & Ratings for Workiva Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workiva and related companies with MarketBeat.com's FREE daily email newsletter.