81,800 Shares in Workiva Inc. (NYSE:WK) Acquired by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. acquired a new stake in Workiva Inc. (NYSE:WK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 81,800 shares of the software maker's stock, valued at approximately $8,957,000. Aristeia Capital L.L.C. owned 0.15% of Workiva at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Twin Tree Management LP purchased a new stake in Workiva in the 4th quarter worth approximately $25,000. Johnson Financial Group Inc. purchased a new stake in Workiva during the 4th quarter worth $66,000. GeoWealth Management LLC increased its holdings in Workiva by 3,010.0% during the 4th quarter. GeoWealth Management LLC now owns 622 shares of the software maker's stock worth $68,000 after purchasing an additional 602 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Workiva by 14,650.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 885 shares of the software maker's stock worth $97,000 after buying an additional 879 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Workiva by 8.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker's stock valued at $159,000 after purchasing an additional 116 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Robert H. Herz sold 1,000 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $88.70, for a total value of $88,700.00. Following the completion of the transaction, the director now owns 34,084 shares of the company's stock, valued at approximately $3,023,250.80. This trade represents a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jill Klindt sold 5,593 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $85.04, for a total value of $475,628.72. Following the transaction, the chief financial officer now directly owns 119,054 shares of the company's stock, valued at $10,124,352.16. This trade represents a 4.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,129 shares of company stock worth $1,807,333 over the last ninety days. Company insiders own 3.86% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Stifel Nicolaus lowered their price objective on Workiva from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Friday. Raymond James lowered their price target on Workiva from $125.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday. Stephens started coverage on shares of Workiva in a report on Wednesday, March 19th. They issued an "overweight" rating and a $111.00 target price on the stock. Truist Financial dropped their price target on Workiva from $120.00 to $95.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Finally, BMO Capital Markets cut their target price on shares of Workiva from $120.00 to $108.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Workiva presently has an average rating of "Moderate Buy" and a consensus price target of $107.90.

Workiva Price Performance

WK traded down $1.16 during mid-day trading on Monday, hitting $66.25. The stock had a trading volume of 1,443,986 shares, compared to its average volume of 510,302. The stock's fifty day simple moving average is $76.95 and its 200-day simple moving average is $90.64. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of -72.01 and a beta of 0.98. Workiva Inc. has a 1-year low of $60.50 and a 1-year high of $116.83.

Workiva (NYSE:WK - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The software maker reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.07. The business had revenue of $206.28 million for the quarter, compared to the consensus estimate of $204.24 million. During the same quarter last year, the firm earned $0.22 EPS. The company's revenue for the quarter was up 17.4% on a year-over-year basis. As a group, research analysts expect that Workiva Inc. will post -0.92 earnings per share for the current fiscal year.

Workiva Company Profile

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.