Riverbridge Partners LLC Has $38.83 Million Position in Workiva Inc. $WK

Riverbridge Partners LLC lessened its holdings in Workiva Inc. (NYSE:WK) by 43.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 651,243 shares of the software maker’s stock after selling 502,184 shares during the quarter. Riverbridge Partners LLC’s holdings in Workiva were worth $38,834,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in WK. Eminence Capital LP lifted its holdings in shares of Workiva by 40.7% during the 3rd quarter. Eminence Capital LP now owns 3,723,546 shares of the software maker’s stock worth $320,523,000 after acquiring an additional 1,076,778 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new stake in Workiva in the third quarter valued at about $88,289,000. Assenagon Asset Management S.A. increased its stake in Workiva by 14,955.0% in 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 acquiring an additional 735,186 shares during the period. Norges Bank acquired a new position in Workiva in the fourth quarter worth about $53,375,000. Finally, Irenic Capital Management LP acquired a new position in Workiva in the third quarter worth about $42,783,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insider Buying and Selling

In other Workiva news, Director Robert H. Herz sold 1,000 shares of the business’s stock in a transaction 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 transaction, the director owned 34,802 shares of the company’s stock, valued at approximately $1,729,311.38. The trade was a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. 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 dropped their target price on Workiva from $90.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Zacks Research raised Workiva from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Raymond James Financial restated an “outperform” rating and set a $85.00 target price on shares of Workiva in a research report on Wednesday, May 6th. Finally, Stifel Nicolaus decreased their price target on Workiva from $79.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Workiva currently has an average rating of “Moderate Buy” and an average target price of $88.50.

Workiva Trading Up 2.3%

NYSE:WK opened at $47.02 on Wednesday. Workiva Inc. has a 1 year low of $43.34 and a 1 year high of $97.10. The firm has a 50 day moving average of $50.70 and a 200-day moving average of $65.15. The stock has a market capitalization of $2.64 billion, a P/E ratio of 204.43 and a beta of 0.51.

Workiva (NYSE:WK) last released its quarterly earnings results on Tuesday, May 5th. The software maker reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.11. The business had revenue of $247.31 million for 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% on a year-over-year basis. During the same period in the prior year, the company 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. As a group, analysts forecast 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.