OP Asset Management Ltd Acquires Shares of 60,177 Workiva Inc. $WK

OP Asset Management Ltd acquired a new stake in Workiva Inc. (NYSE:WK) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 60,177 shares of the software maker’s stock, valued at approximately $3,588,000. OP Asset Management Ltd owned about 0.11% of Workiva at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. LPL Financial LLC lifted its position in Workiva by 0.9% during the fourth quarter. LPL Financial LLC now owns 20,475 shares of the software maker’s stock valued at $1,766,000 after purchasing an additional 185 shares during the period. Allworth Financial LP grew its position in Workiva by 82.3% during the 3rd quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock worth $35,000 after purchasing an additional 186 shares during the period. King Luther Capital Management Corp raised its stake in shares of Workiva by 0.3% during the 4th quarter. King Luther Capital Management Corp now owns 80,083 shares of the software maker’s stock valued at $6,907,000 after buying an additional 248 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Workiva by 66.0% during the 4th quarter. Farther Finance Advisors LLC now owns 669 shares of the software maker’s stock valued at $58,000 after buying an additional 266 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings 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 during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Insider Buying and Selling

In other news, Director Robert H. Herz sold 1,000 shares of the business’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 completion of the sale, the director directly owned 34,802 shares in the company, valued at $1,729,311.38. The trade was a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 4.77% of the company’s stock.

Analyst Upgrades and Downgrades

WK has been the topic of a number of recent research reports. Wall Street Zen upgraded Workiva from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. BTIG Research reduced their price target on Workiva from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Stephens reissued an “overweight” rating and issued a $68.00 price target on shares of Workiva in a report on Tuesday, May 26th. Stifel Nicolaus lowered their price objective on Workiva from $79.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Finally, Robert W. Baird set a $74.00 price objective on shares of Workiva in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $88.50.

Workiva Stock Up 5.9%

WK stock opened at $49.03 on Friday. Workiva Inc. has a 52-week low of $43.34 and a 52-week high of $97.10. The firm has a market cap of $2.75 billion, a P/E ratio of 213.19 and a beta of 0.51. The company’s 50-day simple moving average is $50.21 and its 200-day simple moving average is $64.41.

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