Workiva (NYSE:WK) Shares Up 6.1% – Should You Buy?

Workiva Inc. (NYSE:WK)’s share price rose 6.1% during trading on Monday . The stock traded as high as $54.95 and last traded at $55.33. Approximately 285,243 shares were traded during trading, a decline of 72% from the average session volume of 1,032,855 shares. The stock had previously closed at $52.17.

Analysts Set New Price Targets

WK has been the topic of a number of analyst reports. Weiss Ratings cut Workiva from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. BTIG Research cut their price objective on 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 target price on shares of Workiva in a research note on Wednesday, May 6th. Stifel Nicolaus reduced their target price on shares of Workiva from $79.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Finally, Stephens reaffirmed an “overweight” rating and issued a $68.00 target price on shares of Workiva in a report on Tuesday, May 26th. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $88.50.

Workiva Trading Down 1.5%

The business’s fifty day simple moving average is $49.45 and its 200 day simple moving average is $61.16. The stock has a market cap of $3.01 billion, a P/E ratio of 233.47 and a beta of 0.50.

Workiva (NYSE:WK) last posted its quarterly earnings data on Tuesday, May 5th. The software maker reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.11. Workiva had a net margin of 1.53% and a negative return on equity of 68.43%. The firm had revenue of $247.31 million during the quarter, compared to analysts’ expectations of $245.17 million. During the same quarter in the previous year, the company posted $0.14 EPS. Workiva’s revenue was up 19.9% on a year-over-year basis. 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 predict that Workiva Inc. will post 0.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Workiva news, Director Robert H. Herz sold 1,000 shares of Workiva stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $49.69, for a total transaction of $49,690.00. Following the transaction, the director directly owned 34,802 shares in the company, 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 legal filing with the SEC, which is accessible through this link. 4.77% of the stock is owned by insiders.

Hedge Funds Weigh In On Workiva

Large investors have recently added to or reduced their stakes in the company. LPL Financial LLC boosted its position in Workiva by 0.9% during the 4th quarter. LPL Financial LLC now owns 20,475 shares of the software maker’s stock valued at $1,766,000 after buying an additional 185 shares during the period. Allworth Financial LP increased its position in shares of Workiva by 82.3% in the third quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock valued at $35,000 after acquiring an additional 186 shares during the period. Handelsbanken Fonder AB increased its position in shares of Workiva by 1.3% in the second quarter. Handelsbanken Fonder AB now owns 16,095 shares of the software maker’s stock valued at $781,000 after acquiring an additional 200 shares during the period. King Luther Capital Management Corp raised its stake in shares of Workiva by 0.3% during the fourth quarter. King Luther Capital Management Corp now owns 80,083 shares of the software maker’s stock valued at $6,907,000 after acquiring an additional 248 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Workiva by 66.0% during the fourth quarter. Farther Finance Advisors LLC now owns 669 shares of the software maker’s stock valued at $58,000 after acquiring an additional 266 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

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.