Conestoga Capital Advisors LLC Sells 328,690 Shares of Workiva Inc. $WK

Conestoga Capital Advisors LLC cut its stake in Workiva Inc. (NYSE:WK) by 30.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 754,553 shares of the software maker’s stock after selling 328,690 shares during the period. Conestoga Capital Advisors LLC’s holdings in Workiva were worth $44,994,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of WK. Eminence Capital LP raised its holdings in Workiva by 40.7% in the 3rd quarter. Eminence Capital LP now owns 3,723,546 shares of the software maker’s stock valued at $320,523,000 after acquiring an additional 1,076,778 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Workiva during the 3rd quarter worth approximately $88,289,000. Assenagon Asset Management S.A. increased its position in shares of Workiva by 14,955.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 740,102 shares of the software maker’s stock valued at $63,834,000 after purchasing an additional 735,186 shares during the period. Norges Bank bought a new stake in shares of Workiva during the fourth quarter valued at approximately $53,375,000. Finally, Irenic Capital Management LP acquired a new position in shares of Workiva in the third quarter valued at $42,783,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on WK shares. Stephens reiterated an “overweight” rating and set a $68.00 price target on shares of Workiva in a research note on Tuesday, May 26th. Weiss Ratings cut shares of Workiva from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. BTIG Research reduced their price objective on shares of Workiva from $90.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Robert W. Baird set a $74.00 price objective on shares of Workiva in a report on Wednesday, May 6th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $85.00 target price on shares of Workiva in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $88.50.

Insider Activity at Workiva

In other news, Director Robert H. Herz sold 1,000 shares of the business’s 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 sale, the director owned 34,802 shares in the company, valued at approximately $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 accessible through this link. Corporate insiders own 4.77% of the company’s stock.

Workiva Trading Up 4.5%

Shares of WK opened at $50.70 on Thursday. The stock has a market cap of $2.85 billion, a PE ratio of 220.42 and a beta of 0.50. Workiva Inc. has a 1 year low of $43.34 and a 1 year high of $97.10. The stock has a 50 day simple moving average of $49.74 and a 200-day simple moving average of $63.39.

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 analysts’ consensus estimates of $0.66 by $0.11. Workiva had a negative return on equity of 68.43% and a net margin of 1.53%.The firm had revenue of $247.31 million for the quarter, compared to analysts’ expectations of $245.17 million. During the same period in the prior year, the business posted $0.14 earnings per share. The business’s revenue was up 19.9% compared to the same quarter last year. 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, sell-side analysts forecast that Workiva Inc. will post 0.92 EPS for the current fiscal year.

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.