Workiva (NYSE:WK) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Key Points

• Robert W. Baird raised Workiva’s price target to $105 from $95 and maintained an “outperform” rating, implying 40.79% upside from the previous close. The broader analyst consensus is “Moderate Buy,” with an average target of $87.80.
• Workiva reported quarterly EPS of $0.77, exceeding the $0.64 consensus estimate, while revenue reached $255.29 million and increased 18.6% year over year.
• Workiva shares opened at $74.58, with the stock trading above its 50-day and 200-day moving averages. Institutional investors and hedge funds own 92.21% of the company, while an executive recently sold approximately $499,000 in shares.

Workiva (NYSE:WK - Get Free Report) had its price target lifted by equities researchers at Robert W. Baird from $95.00 to $105.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an "outperform" rating on the software maker's stock. Robert W. Baird's target price suggests a potential upside of 40.79% from the stock's previous close.

Several other analysts have also issued reports on the company. UBS Group set a $70.00 price objective on Workiva in a research note on Wednesday, August 5th. Wall Street Zen downgraded shares of Workiva from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 29th. Weiss Ratings raised shares of Workiva from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, August 6th. Citigroup restated a "buy" rating on shares of Workiva in a research note on Thursday, August 6th. Finally, Stephens reiterated an "overweight" rating and issued a $68.00 price target on shares of Workiva in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $87.80.

Workiva Trading Down 1.7%

Shares of WK opened at $74.58 on Wednesday. The company's fifty day simple moving average is $66.11 and its 200 day simple moving average is $58.28. Workiva has a 1-year low of $43.34 and a 1-year high of $97.10. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 90.95 and a beta of 0.49.

Workiva (NYSE:WK - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.13. The company had revenue of $255.29 million during 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 company's quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter last 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. As a group, research analysts forecast that Workiva will post 1.31 earnings per share for the current year.

Insiders Place Their Bets

In other Workiva news, EVP Brandon Ziegler sold 6,571 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $75.97, for a total transaction of $499,198.87. Following the transaction, the executive vice president owned 126,216 shares in the company, valued at $9,588,629.52. This trade represents a 4.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.77% of the stock is owned by insiders.

Hedge Funds Weigh In On Workiva

Several institutional investors and hedge funds have recently modified their holdings of WK. Hawk Ridge Capital Management LP bought a new stake in shares of Workiva during the first quarter worth $65,091,000. Squarepoint Ops LLC boosted its position in shares of Workiva by 110.7% during the 2nd quarter. Squarepoint Ops LLC now owns 1,247,400 shares of the software maker's stock valued at $60,511,000 after purchasing an additional 655,396 shares in the last quarter. Norges Bank acquired a new stake in shares of Workiva during the 4th quarter worth approximately $53,375,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Workiva by 88.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,109,646 shares of the software maker's stock valued at $66,168,000 after purchasing an additional 520,839 shares during the period. Finally, Ranger Investment Management L.P. acquired a new position in Workiva during the second quarter worth $12,950,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

About Workiva

Workiva Inc NYSE: WK is a cloud-based software company that provides connected reporting and compliance solutions for organizations. Its platform is designed to help businesses manage financial reporting, regulatory filings, environmental, social and governance (ESG) reporting, internal controls, risk management and audit-related processes in a centralized, collaborative environment.

Workiva's offerings support the preparation and distribution of documents such as annual reports, quarterly filings, earnings materials and sustainability reports.

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