22,200 Shares in Workiva Inc. (NYSE:WK) Purchased by Aequim Alternative Investments LP

Aequim Alternative Investments LP purchased a new position in Workiva Inc. (NYSE:WK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 22,200 shares of the software maker's stock, valued at approximately $2,431,000.

Several other institutional investors and hedge funds also recently made changes to their positions in WK. Norges Bank purchased a new stake in Workiva in the 4th quarter valued at about $59,676,000. Nordea Investment Management AB purchased a new stake in shares of Workiva during the 4th quarter valued at $59,894,000. Arrowstreet Capital Limited Partnership bought a new stake in Workiva in the fourth quarter worth about $51,353,000. T. Rowe Price Investment Management Inc. increased its position in Workiva by 10.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,148,021 shares of the software maker's stock worth $235,209,000 after buying an additional 200,220 shares during the last quarter. Finally, Conestoga Capital Advisors LLC raised its stake in Workiva by 13.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,165,019 shares of the software maker's stock valued at $127,570,000 after acquiring an additional 140,310 shares during the period. Institutional investors own 92.21% of the company's stock.

Workiva Stock Performance

Shares of WK stock traded up $1.82 during trading hours on Thursday, reaching $69.59. The company had a trading volume of 229,664 shares, compared to its average volume of 750,424. The firm has a market cap of $3.91 billion, a PE ratio of -75.64 and a beta of 0.98. The business has a fifty day moving average price of $76.16 and a 200-day moving average price of $90.33. Workiva Inc. has a one year low of $60.50 and a one year high of $116.83.

Workiva (NYSE:WK - Get Free Report) last posted its earnings results on Thursday, May 1st. The software maker reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.07. The firm had revenue of $206.28 million during the quarter, compared to the consensus estimate of $204.24 million. The firm's revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 EPS. Equities research analysts forecast that Workiva Inc. will post -0.92 EPS for the current year.

Insider Buying and Selling at Workiva

In other news, EVP Michael D. Hawkins sold 10,421 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $85.43, for a total value of $890,266.03. Following the completion of the sale, the executive vice president now directly owns 61,298 shares of the company's stock, valued at $5,236,688.14. This represents a 14.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $88,700.00. Following the sale, the director now owns 34,084 shares in the company, valued at $3,023,250.80. The trade was a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,129 shares of company stock valued at $1,807,333. Insiders own 3.86% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. The Goldman Sachs Group cut their price objective on Workiva from $118.00 to $105.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Truist Financial decreased their target price on shares of Workiva from $120.00 to $95.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Raymond James reduced their price objective on shares of Workiva from $125.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. BNP Paribas began coverage on shares of Workiva in a report on Tuesday, April 22nd. They issued an "outperform" rating and a $100.00 price objective for the company. Finally, Stifel Nicolaus dropped their price target on Workiva from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $107.90.

Workiva 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.