Jain Global LLC Has $16.69 Million Holdings in Workiva Inc. $WK

Jain Global LLC lifted its position in Workiva Inc. (NYSE:WK) by 26.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 193,941 shares of the software maker’s stock after purchasing an additional 40,018 shares during the quarter. Jain Global LLC owned 0.35% of Workiva worth $16,694,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Workiva by 287.8% during the third quarter. GAMMA Investing LLC now owns 287 shares of the software maker’s stock worth $25,000 after buying an additional 213 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Workiva by 217.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 391 shares of the software maker’s stock valued at $34,000 after buying an additional 268 shares in the last quarter. Essex Investment Management Co. LLC bought a new position in shares of Workiva during the 3rd quarter worth about $63,000. TD Waterhouse Canada Inc. bought a new position in shares of Workiva during the 2nd quarter worth about $51,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Workiva by 52.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,276 shares of the software maker’s stock valued at $109,000 after acquiring an additional 440 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WK has been the topic of a number of analyst reports. Stephens set a $90.00 target price on shares of Workiva in a research note on Friday, February 20th. Robert W. Baird cut their price target on shares of Workiva from $115.00 to $86.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Stifel Nicolaus decreased their price objective on Workiva from $98.00 to $79.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Citigroup reiterated a “buy” rating on shares of Workiva in a research note on Monday, February 23rd. Finally, Raymond James Financial reissued an “outperform” rating and issued a $105.00 target price on shares of Workiva in a report on Wednesday, December 10th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Workiva has a consensus rating of “Moderate Buy” and an average target price of $95.38.

Workiva Stock Performance

WK opened at $61.52 on Monday. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of -128.17 and a beta of 0.65. The firm’s 50-day simple moving average is $71.93 and its 200-day simple moving average is $81.34. Workiva Inc. has a twelve month low of $56.06 and a twelve month high of $97.10.

Workiva (NYSE:WK) last announced its quarterly earnings results on Thursday, February 19th. The software maker reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.10. The firm had revenue of $238.94 million for the quarter, compared to the consensus estimate of $235.13 million. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the prior year, the business 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, sell-side analysts anticipate that Workiva Inc. will post -0.92 EPS for the current fiscal year.

Workiva announced that its board has approved a share buyback program on Monday, February 16th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the software maker to repurchase up to 7.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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.