Robert W. Baird Raises Workiva (NYSE:WK) Price Target to $95.00

Key Points

• Robert W. Baird raised Workiva’s price target to $95 from $74 while maintaining an “outperform” rating, implying 18.47% upside from the previous close. Analysts overall give the stock a “Moderate Buy” consensus rating with an average target of $88.58.
• Workiva’s latest quarterly results exceeded expectations, with adjusted earnings of $0.77 per share versus the $0.64 consensus and revenue of $255.29 million, up 18.6% year over year.
• Workiva shares opened at $80.19 and have a market capitalization of approximately $4.50 billion. Institutional investors own 92.21% of the stock, while an executive recently sold 6,571 shares at an average price of $75.97.

Workiva (NYSE:WK - Get Free Report) had its price target upped by Robert W. Baird from $74.00 to $95.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an "outperform" rating on the software maker's stock. Robert W. Baird's price target points to a potential upside of 18.47% from the stock's previous close.

WK has been the topic of several other research reports. Stifel Nicolaus set a $95.00 price target on Workiva in a report on Thursday. UBS Group set a $70.00 price objective on shares of Workiva in a research note on Wednesday, August 5th. Zacks Research upgraded shares of Workiva from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. BTIG Research reduced their target price on shares of Workiva from $80.00 to $70.00 and set a "buy" rating on the stock in a research note on Wednesday, August 5th. Finally, Citigroup restated a "buy" rating on shares of Workiva in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Workiva presently has a consensus rating of "Moderate Buy" and an average target price of $88.58.

Workiva Stock Up 1.3%

Workiva stock opened at $80.19 on Tuesday. Workiva has a 52-week low of $43.34 and a 52-week high of $97.10. The firm's fifty day moving average is $60.56 and its 200 day moving average is $57.14. The company has a market cap of $4.50 billion, a price-to-earnings ratio of 97.79 and a beta of 0.46.

Workiva (NYSE:WK - Get Free Report) last posted its earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.13. The firm had revenue of $255.29 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.19 EPS. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. On average, equities research analysts anticipate 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 on Thursday, August 20th. The shares were sold at an average price of $75.97, for a total transaction of $499,198.87. Following the completion of the sale, the executive vice president directly owned 126,216 shares of the company's stock, valued at approximately $9,588,629.52. The trade was a 4.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.77% of the company's stock.

Hedge Funds Weigh In On Workiva

A number of institutional investors have recently modified their holdings of WK. Millennium Management LLC raised its position in Workiva by 44.5% during the 1st quarter. Millennium Management LLC now owns 237,746 shares of the software maker's stock valued at $18,047,000 after purchasing an additional 73,266 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Workiva during the first quarter valued at approximately $421,000. Prudential Financial Inc. lifted its holdings in Workiva by 66.7% during the second quarter. Prudential Financial Inc. now owns 6,259 shares of the software maker's stock worth $428,000 after buying an additional 2,505 shares during the period. Cerity Partners LLC increased its holdings in shares of Workiva by 24.8% in the 2nd quarter. Cerity Partners LLC now owns 3,297 shares of the software maker's stock valued at $226,000 after acquiring an additional 656 shares during the period. Finally, California Public Employees Retirement System boosted its position in Workiva by 0.4% during the second quarter. California Public Employees Retirement System now owns 82,197 shares of the software maker's stock valued at $5,626,000 after purchasing an additional 342 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source