Madison Avenue Partners LP Purchases Shares of 59,946 Workiva Inc. $WK

Madison Avenue Partners LP purchased a new stake in Workiva Inc. (NYSE:WK) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 59,946 shares of the software maker’s stock, valued at approximately $5,170,000. Workiva makes up approximately 0.2% of Madison Avenue Partners LP’s holdings, making the stock its 21st largest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Millennium Management LLC lifted its position in Workiva by 44.5% in the first quarter. Millennium Management LLC now owns 237,746 shares of the software maker’s stock valued at $18,047,000 after acquiring an additional 73,266 shares during the last quarter. Empowered Funds LLC purchased a new stake in Workiva in the first quarter valued at $421,000. Prudential Financial Inc. lifted its position in Workiva by 66.7% in the second quarter. Prudential Financial Inc. now owns 6,259 shares of the software maker’s stock valued at $428,000 after acquiring an additional 2,505 shares during the last quarter. Cerity Partners LLC lifted its position in Workiva by 24.8% in the second quarter. Cerity Partners LLC now owns 3,297 shares of the software maker’s stock valued at $226,000 after acquiring an additional 656 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in Workiva by 0.4% in the second quarter. California Public Employees Retirement System now owns 82,197 shares of the software maker’s stock valued at $5,626,000 after acquiring an additional 342 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on WK shares. Citigroup reissued a “buy” rating on shares of Workiva in a research report on Monday, February 23rd. Raymond James Financial restated an “outperform” rating and issued a $85.00 price objective on shares of Workiva in a research note on Wednesday, May 6th. Wall Street Zen raised shares of Workiva from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. BTIG Research decreased their price objective on shares of Workiva from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Finally, Stephens reissued an “overweight” rating and set a $68.00 price objective on shares of Workiva in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $88.50.

Insider Activity

In other news, Director Robert H. Herz sold 1,000 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $49.69, for a total value of $49,690.00. Following the completion of the sale, the director owned 34,802 shares of the company’s stock, valued at $1,729,311.38. This represents a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.77% of the stock is owned by insiders.

Workiva Stock Performance

Shares of WK opened at $47.88 on Thursday. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 208.18 and a beta of 0.51. The company’s 50 day simple moving average is $51.43 and its 200 day simple moving average is $66.41. Workiva Inc. has a 1 year low of $43.34 and a 1 year high of $97.10.

Workiva (NYSE:WK) last posted its quarterly earnings results on Tuesday, May 5th. The software maker reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.11. The company had revenue of $247.31 million for the quarter, compared to the consensus estimate of $245.17 million. Workiva had a net margin of 1.53% and a negative return on equity of 68.43%. Workiva’s revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the firm posted $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. Equities analysts expect that Workiva Inc. will post 0.92 EPS for the current fiscal year.

Workiva Company Profile

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.