Topline Capital Management LLC Sells 49,529 Shares of Workiva Inc. $WK

Topline Capital Management LLC cut its stake in Workiva Inc. (NYSE:WK) by 85.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,471 shares of the software maker’s stock after selling 49,529 shares during the period. Topline Capital Management LLC’s holdings in Workiva were worth $729,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC boosted its stake in Workiva by 287.8% in the 3rd quarter. GAMMA Investing LLC now owns 287 shares of the software maker’s stock valued at $25,000 after buying an additional 213 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Workiva by 217.9% during the third quarter. EverSource Wealth Advisors LLC now owns 391 shares of the software maker’s stock worth $34,000 after acquiring an additional 268 shares in the last quarter. TD Waterhouse Canada Inc. bought a new position in shares of Workiva during the second quarter valued at $51,000. Essex Investment Management Co. LLC bought a new position in shares of Workiva during the third quarter valued at $63,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Workiva by 52.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,276 shares of the software maker’s stock valued at $109,000 after purchasing an additional 440 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Workiva Stock Performance

Shares of WK stock opened at $61.52 on Friday. Workiva Inc. has a 52 week low of $56.06 and a 52 week high of $97.10. The stock has a market capitalization of $3.50 billion, a PE ratio of -128.17 and a beta of 0.65. The stock’s fifty day moving average is $71.93 and its 200-day moving average is $81.32.

Workiva (NYSE:WK) last released its quarterly earnings results on Thursday, February 19th. The software maker reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.10. The business had revenue of $238.94 million during the quarter, compared to the consensus estimate of $235.13 million. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 earnings per share. Workiva has set its FY 2026 guidance at 2.660-2.760 EPS and its Q1 2026 guidance at 0.640-0.670 EPS. As a group, analysts forecast that Workiva Inc. will post -0.92 earnings per share for the current fiscal year.

Workiva announced that its board has approved a stock buyback plan on Monday, February 16th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the software maker to repurchase up to 7.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WK. Robert W. Baird lowered their target price on shares of Workiva from $115.00 to $86.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. BMO Capital Markets cut their price target on shares of Workiva from $92.00 to $83.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Stifel Nicolaus reduced their price target on shares of Workiva from $98.00 to $79.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Stephens set a $90.00 price objective on shares of Workiva in a research note on Friday, February 20th. Finally, Truist Financial reaffirmed a “buy” rating and set a $90.00 price objective (down from $110.00) on shares of Workiva in a report on Friday, February 20th. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Workiva presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.38.

About Workiva

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.