Workiva (NYSE:WK) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Workiva from “strong buy” to “buy,” while the broader analyst consensus remains “Moderate Buy,” with an average price target of $87.
• Workiva shares opened at $73.05, down 0.9%, and trade well below their 12-month high of $97.10. The company recently exceeded quarterly earnings and revenue expectations, reporting $0.77 in EPS and $255.29 million in revenue.
• Institutional investors own 92.21% of Workiva’s stock, with several funds increasing their positions, while an executive sold nearly $499,200 worth of shares in August.

Workiva (NYSE:WK - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued on Saturday, Wall Street Zen reports.

Other equities research analysts have also issued reports about the stock. Citigroup restated a "buy" rating on shares of Workiva in a report on Thursday, August 6th. Stifel Nicolaus set a $95.00 target price on shares of Workiva in a research report on Thursday, August 27th. Robert W. Baird lifted their target price on shares of Workiva from $95.00 to $105.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 16th. Zacks Research downgraded shares of Workiva from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. Finally, Weiss Ratings upgraded shares of Workiva from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, August 6th. Nine research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Workiva presently has an average rating of "Moderate Buy" and an average price target of $87.00.

Workiva Trading Down 0.9%

Shares of Workiva stock opened at $73.05 on Friday. The firm has a market capitalization of $4.10 billion, a PE ratio of 89.09 and a beta of 0.53. The business's 50-day moving average price is $71.70 and its 200-day moving average price is $59.39. Workiva has a 12 month low of $43.34 and a 12 month high of $97.10.

Workiva (NYSE:WK - Get Free Report) last released 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 company had revenue of $255.29 million during 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 quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the company 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, analysts predict 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 firm's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $75.97, for a total value of $499,198.87. Following the transaction, the executive vice president owned 126,216 shares in the company, valued at approximately $9,588,629.52. This trade represents a 4.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.77% of the company's stock.

Institutional Investors Weigh In On Workiva

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. purchased a new position in Workiva during the 2nd quarter valued at about $4,661,000. Summit Creek Advisors LLC bought a new position in Workiva during the 2nd quarter valued at approximately $3,916,000. First Trust Advisors LP lifted its holdings in Workiva by 16.4% in the 1st quarter. First Trust Advisors LP now owns 862,936 shares of the software maker's stock worth $51,457,000 after buying an additional 121,643 shares during the period. Ranger Investment Management L.P. lifted its holdings in Workiva by 11.5% in the 1st quarter. Ranger Investment Management L.P. now owns 342,185 shares of the software maker's stock worth $20,404,000 after buying an additional 35,329 shares during the period. Finally, Quantinno Capital Management LP grew its position in shares of Workiva by 320.9% in the 1st quarter. Quantinno Capital Management LP now owns 36,925 shares of the software maker's stock worth $2,202,000 after buying an additional 28,152 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

About Workiva

Workiva Inc is a cloud-based software company that helps organizations manage complex reporting, compliance and operational processes. Its platform connects data from multiple sources, enabling users to prepare, review and distribute financial reports, regulatory filings, management reports and other business documents through a collaborative digital environment.

The company's products support financial reporting, environmental, social and governance (ESG) reporting, risk management, internal controls, audit management and regulatory compliance.

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