Workiva (NYSE:WK) Rating Lowered to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Workiva from “strong buy” to “buy,” though analyst sentiment remains positive overall, with a MarketBeat consensus rating of “Moderate Buy” and an average price target of $86.83.
• Workiva exceeded quarterly expectations, reporting $0.77 EPS versus $0.64 expected and revenue of $255.29 million, up 18.6% year over year. The company issued fiscal 2026 EPS guidance of $3.380–$3.390.
• Workiva shares opened at $78.70, while an executive recently sold nearly $499,000 worth of stock. Institutional investors own a substantial 92.21% of the company.

Workiva (NYSE:WK - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Several other analysts have also recently weighed in on the stock. Robert W. Baird set a $74.00 target price on shares of Workiva in a report on Wednesday, May 6th. Zacks Research upgraded shares of Workiva from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 11th. BTIG Research decreased their price objective on shares of Workiva from $80.00 to $70.00 and set a "buy" rating for the company in a research report on Wednesday, August 5th. UBS Group set a $70.00 target price on shares of Workiva in a research note on Wednesday, August 5th. Finally, Citigroup reissued a "buy" rating on shares of Workiva in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Workiva presently has a consensus rating of "Moderate Buy" and a consensus target price of $86.83.

Workiva Price Performance

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

Workiva (NYSE:WK - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.13. The company had revenue of $255.29 million for the quarter, compared to the consensus estimate of $251.16 million. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%.Workiva's revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $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, research analysts anticipate that Workiva will post 1.31 earnings per share for the current year.

Insider Transactions at Workiva

In related news, EVP Brandon Ziegler sold 6,571 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $75.97, for a total value of $499,198.87. Following the completion of the transaction, the executive vice president directly owned 126,216 shares of the company's stock, valued at $9,588,629.52. This represents a 4.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.77% of the stock is owned by company insiders.

Institutional Trading of Workiva

Institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc grew its position in shares of Workiva by 202.3% in the 2nd quarter. Versant Capital Management Inc now owns 532 shares of the software maker's stock valued at $26,000 after buying an additional 356 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Workiva in the fourth quarter valued at $26,000. Leonteq Securities AG purchased a new stake in Workiva in the fourth quarter valued at $27,000. Allworth Financial LP boosted its stake in Workiva by 82.3% in the third quarter. Allworth Financial LP now owns 412 shares of the software maker's stock valued at $35,000 after acquiring an additional 186 shares in the last quarter. Finally, Quarry LP boosted its stake in Workiva by 396.3% in the fourth quarter. Quarry LP now owns 407 shares of the software maker's stock valued at $35,000 after acquiring an additional 325 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

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.

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