Workiva (NYSE:WK) Stock Price Down 4.5% – Time to Sell?

Shares of Workiva Inc. (NYSE:WK) traded down 4.5% on Tuesday . The stock traded as low as $69.66 and last traded at $69.53. 99,803 shares traded hands during trading, a decline of 90% from the average daily volume of 979,157 shares. The stock had previously closed at $72.84.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Zacks Research upgraded Workiva from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. UBS Group set a $70.00 target price on shares of Workiva in a report on Wednesday, August 5th. Weiss Ratings upgraded shares of Workiva from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 6th. Citigroup reaffirmed a “buy” rating on shares of Workiva in a research report on Thursday, August 6th. Finally, Robert W. Baird raised their price target on Workiva from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Workiva currently has an average rating of “Moderate Buy” and an average price target of $88.30.

Workiva Price Performance

The firm has a market cap of $3.89 billion, a PE ratio of 84.60 and a beta of 0.49. The company has a 50 day moving average price of $67.72 and a 200 day moving average price of $58.59.

Workiva (NYSE:WK) last released its earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.13. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%.The company had revenue of $255.29 million for the quarter, compared to analysts’ expectations of $251.16 million. During the same quarter in the previous year, the firm posted $0.19 EPS. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. On average, equities analysts anticipate that Workiva Inc. will post 1.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Workiva

In other news, EVP Brandon Ziegler sold 6,571 shares of Workiva stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $75.97, for a total transaction of $499,198.87. Following the completion of the transaction, the executive vice president owned 126,216 shares of the company’s stock, valued at $9,588,629.52. The trade was a 4.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 4.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Workiva

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hawk Ridge Capital Management LP purchased a new position in shares of Workiva during the 1st quarter worth about $65,091,000. Squarepoint Ops LLC grew its holdings in Workiva by 110.7% during the 2nd quarter. Squarepoint Ops LLC now owns 1,247,400 shares of the software maker’s stock valued at $60,511,000 after purchasing an additional 655,396 shares in the last quarter. Norges Bank purchased a new stake in shares of Workiva during the fourth quarter worth about $53,375,000. Arrowstreet Capital Limited Partnership lifted 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 worth $66,168,000 after acquiring an additional 520,839 shares in the last quarter. Finally, Ranger Investment Management L.P. purchased a new position in Workiva in the second quarter valued at about $12,950,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

About Workiva

Workiva Inc (NYSE: WK) is a cloud-based software company that provides connected reporting and compliance solutions for organizations. Its platform is designed to help businesses manage financial reporting, regulatory filings, environmental, social and governance (ESG) reporting, internal controls, risk management and audit-related processes in a centralized, collaborative environment.

Workiva’s offerings support the preparation and distribution of documents such as annual reports, quarterly filings, earnings materials and sustainability reports.