Workiva (WK) Hits New 12-Month High at $43.42
Shares of Workiva Inc (NYSE:WK) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $43.42 and last traded at $42.96, with a volume of 2987 shares traded. The stock had previously closed at $42.59.
A number of research firms have recently commented on WK. Zacks Investment Research raised Workiva from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Saturday, December 1st. Morgan Stanley cut their price target on Workiva from $28.00 to $26.00 and set an “underweight” rating for the company in a report on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $38.67.
The company has a market cap of $1.87 billion, a PE ratio of -40.28 and a beta of 1.08.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new position in shares of Workiva in the fourth quarter worth about $67,000. We Are One Seven LLC purchased a new position in shares of Workiva in the fourth quarter worth about $125,000. Legal & General Group Plc increased its holdings in shares of Workiva by 14.9% in the third quarter. Legal & General Group Plc now owns 4,718 shares of the software maker’s stock worth $186,000 after buying an additional 611 shares during the period. Silvant Capital Management LLC increased its holdings in shares of Workiva by 106.8% in the fourth quarter. Silvant Capital Management LLC now owns 5,894 shares of the software maker’s stock worth $212,000 after buying an additional 3,044 shares during the period. Finally, Kessler Investment Group LLC purchased a new position in shares of Workiva in the third quarter worth about $213,000. Institutional investors and hedge funds own 43.86% of the company’s stock.
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About Workiva (NYSE:WK)
Workiva Inc operates as a cloud provider of connected data, reporting, and compliance solutions for enterprises and government agencies worldwide. The company provides Wdesk, a cloud platform that modernizes how customers work with business data at thousands of organizations; and Wdata, which centralizes financial and nonfinancial data from diverse sources into a cloud solution.
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