Workiva (NYSE:WK) Downgraded to Buy Rating by Wall Street Zen

Wall Street Zen downgraded shares of Workiva (NYSE:WK) from a strong-buy rating to a buy rating in a research note released on Saturday morning.

Several other brokerages have also commented on WK. Zacks Research upgraded shares of Workiva from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. UBS Group set a $70.00 price objective on shares of Workiva in a research note on Wednesday, August 5th. Weiss Ratings raised Workiva from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 6th. Raymond James Financial reiterated an “outperform” rating and set a $85.00 target price on shares of Workiva in a research report on Wednesday, May 6th. Finally, Stephens reissued an “overweight” rating and issued a $68.00 target price on shares of Workiva in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $86.83.

Workiva Trading Up 1.4%

Shares of NYSE:WK opened at $78.70 on Friday. The business has a 50-day moving average price of $59.88 and a 200 day moving average price of $57.15. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 95.98 and a beta of 0.46. Workiva has a 12-month low of $43.34 and a 12-month high of $97.10.

Workiva (NYSE:WK) last posted its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.77 EPS for the quarter, beating the consensus estimate of $0.64 by $0.13. The business had revenue of $255.29 million during 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 revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter last year, the firm posted $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, equities research analysts predict that Workiva 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 the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $75.97, for a total transaction of $499,198.87. Following the transaction, the executive vice president directly owned 126,216 shares in the company, valued at $9,588,629.52. The trade was a 4.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.77% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC increased its stake in shares of Workiva by 44.5% during the 1st quarter. Millennium Management LLC now owns 237,746 shares of the software maker’s stock worth $18,047,000 after purchasing an additional 73,266 shares in the last quarter. Empowered Funds LLC purchased a new stake in Workiva in the 1st quarter valued at approximately $421,000. Prudential Financial Inc. lifted its stake in Workiva by 66.7% in the 2nd quarter. Prudential Financial Inc. now owns 6,259 shares of the software maker’s stock valued at $428,000 after buying an additional 2,505 shares in the last quarter. Cerity Partners LLC grew its holdings in Workiva by 24.8% during the 2nd quarter. Cerity Partners LLC now owns 3,297 shares of the software maker’s stock valued at $226,000 after buying an additional 656 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in Workiva by 0.4% during the 2nd quarter. California Public Employees Retirement System now owns 82,197 shares of the software maker’s stock valued at $5,626,000 after buying an additional 342 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

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.