Robert Herz Sells 1,000 Shares of Workiva (NYSE:WK) Stock

Workiva Inc. (NYSE:WK) Director Robert Herz sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $49.69, for a total value of $49,690.00. Following the sale, the director directly owned 34,802 shares of the company’s stock, valued at $1,729,311.38. The trade was a 2.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Workiva Stock Down 4.1%

Shares of Workiva stock opened at $49.83 on Thursday. The stock has a market capitalization of $2.80 billion, a P/E ratio of 216.63 and a beta of 0.51. The stock has a 50 day moving average price of $53.53 and a two-hundred day moving average price of $69.36. Workiva Inc. has a 12-month low of $43.34 and a 12-month high of $97.10.

Workiva (NYSE:WK) last announced its earnings results on Tuesday, May 5th. The software maker reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.11. The firm had revenue of $247.31 million during the quarter, compared to analysts’ expectations of $245.17 million. Workiva had a negative return on equity of 68.43% and a net margin of 1.53%.The company’s revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.14 earnings per share. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. Sell-side analysts anticipate that Workiva Inc. will post 0.92 earnings per share for the current year.

Workiva announced that its Board of Directors has initiated a share repurchase program on Monday, February 16th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the software maker to reacquire up to 7.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have issued reports on WK shares. Robert W. Baird set a $74.00 target price on Workiva in a research report on Wednesday, May 6th. The Goldman Sachs Group reiterated a “buy” rating and set a $102.00 price target on shares of Workiva in a report on Friday, February 20th. Weiss Ratings lowered Workiva from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. Stifel Nicolaus cut their price target on Workiva from $79.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Finally, Truist Financial reiterated a “buy” rating and set a $90.00 price target (down from $110.00) on shares of Workiva in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $88.50.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Workiva by 0.7% during the third quarter. Vanguard Group Inc. now owns 6,281,317 shares of the software maker’s stock worth $540,696,000 after buying an additional 46,254 shares during the last quarter. Eminence Capital LP raised its stake in shares of Workiva by 40.7% in the third quarter. Eminence Capital LP now owns 3,723,546 shares of the software maker’s stock valued at $320,523,000 after purchasing an additional 1,076,778 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Workiva by 88.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,109,646 shares of the software maker’s stock valued at $66,168,000 after purchasing an additional 520,839 shares in the last quarter. Hawk Ridge Capital Management LP acquired a new position in shares of Workiva in the first quarter valued at $65,091,000. Finally, Conestoga Capital Advisors LLC raised its stake in shares of Workiva by 8.7% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,083,243 shares of the software maker’s stock valued at $93,430,000 after purchasing an additional 87,056 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

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.