Royal Bank of Canada Has $13.32 Million Holdings in Workiva Inc. $WK

Royal Bank of Canada lowered its stake in Workiva Inc. (NYSE:WK) by 94.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 223,336 shares of the software maker’s stock after selling 4,144,972 shares during the period. Royal Bank of Canada owned 0.40% of Workiva worth $13,317,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in WK. LPL Financial LLC boosted its stake in Workiva by 0.9% in the fourth 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 in the last quarter. Allworth Financial LP raised its stake in Workiva by 82.3% during the third quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock worth $35,000 after acquiring an additional 186 shares in the last quarter. King Luther Capital Management Corp lifted its holdings in shares of Workiva by 0.3% in the fourth quarter. King Luther Capital Management Corp now owns 80,083 shares of the software maker’s stock worth $6,907,000 after acquiring an additional 248 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Workiva by 66.0% in the fourth quarter. Farther Finance Advisors LLC now owns 669 shares of the software maker’s stock worth $58,000 after acquiring an additional 266 shares during the last quarter. Finally, First Horizon Corp boosted its stake in shares of Workiva by 112.1% in the 4th quarter. First Horizon Corp now owns 509 shares of the software maker’s stock valued at $44,000 after purchasing an additional 269 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insider Transactions at Workiva

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 completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.77% of the company’s stock.

Workiva Trading Up 5.0%

Shares of WK opened at $65.16 on Friday. The firm’s fifty day simple moving average is $52.72 and its two-hundred day simple moving average is $57.67. Workiva Inc. has a 12 month low of $43.34 and a 12 month high of $97.10. The stock has a market capitalization of $3.66 billion, a P/E ratio of 79.47 and a beta of 0.46.

Workiva (NYSE:WK) last released its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. The firm had revenue of $255.29 million for the quarter, compared to analyst estimates of $251.16 million. Workiva had a net margin of 4.87% and a negative return on equity of 140.17%. The business’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period last year, the firm earned $0.19 earnings per share. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. As a group, research analysts predict that Workiva Inc. will post 0.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on WK shares. Weiss Ratings upgraded shares of Workiva from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday. UBS Group set a $70.00 target price on shares of Workiva in a research report on Wednesday. Raymond James Financial restated an “outperform” rating and issued a $85.00 target price on shares of Workiva in a research report on Wednesday, May 6th. Stifel Nicolaus set a $70.00 price target on shares of Workiva in a report on Wednesday. Finally, Zacks Research downgraded shares of Workiva from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Ten investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Workiva presently has a consensus rating of “Moderate Buy” and an average price target of $84.75.

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.