Workiva (NYSE:WK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Workiva (NYSE:WK) from a buy rating to a strong-buy rating in a report issued on Saturday,Wall Street Zen reports.

Several other research analysts have also recently weighed in on the stock. Stifel Nicolaus set a $95.00 price objective on shares of Workiva in a research report on Thursday, August 27th. Robert W. Baird lifted their target price on Workiva from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Zacks Research upgraded Workiva from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. BTIG Research set a $85.00 price target on Workiva in a research note on Wednesday, September 16th. Finally, Citigroup reaffirmed a “buy” rating on shares of Workiva in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $88.30.

Workiva Stock Down 2.3%

Shares of NYSE WK opened at $68.01 on Friday. Workiva has a 12-month low of $43.34 and a 12-month high of $97.10. The firm’s 50-day simple moving average is $69.13 and its 200 day simple moving average is $58.82. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 82.94 and a beta of 0.49.

Workiva (NYSE:WK) last announced its earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.13. Workiva had a net margin of 4.87% and a negative return on equity of 140.17%. The company had revenue of $255.29 million during the quarter, compared to the consensus estimate of $251.16 million. During the same period in the previous year, the firm posted $0.19 earnings per share. The company’s 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 expect that Workiva will post 1.31 earnings per share for the current year.

Insider Activity at Workiva

In other Workiva news, EVP Brandon Ziegler sold 6,571 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $75.97, for a total value of $499,198.87. Following the completion of the sale, the executive vice president owned 126,216 shares of the company’s stock, valued at approximately $9,588,629.52. This represents a 4.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.77% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Handelsbanken Fonder AB increased its holdings in shares of Workiva by 1.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 16,095 shares of the software maker’s stock worth $781,000 after acquiring an additional 200 shares during the last quarter. Arizona State Retirement System boosted its position in Workiva by 1.9% during the second quarter. Arizona State Retirement System now owns 13,953 shares of the software maker’s stock worth $677,000 after purchasing an additional 254 shares during the period. Rockefeller Capital Management L.P. boosted its position in Workiva by 60.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 810 shares of the software maker’s stock worth $70,000 after purchasing an additional 306 shares during the period. IFP Advisors Inc increased its holdings in shares of Workiva by 297.1% in the fourth quarter. IFP Advisors Inc now owns 413 shares of the software maker’s stock valued at $36,000 after purchasing an additional 309 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Workiva by 202.3% in the second quarter. Versant Capital Management Inc now owns 532 shares of the software maker’s stock valued at $26,000 after purchasing an additional 356 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Workiva Company Profile

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.