Workiva (NYSE:WK) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Workiva from “buy” to “strong buy,” while the broader analyst consensus remains “Moderate Buy” with a $88.30 price target.
• Workiva reported quarterly EPS of $0.77, beating estimates of $0.64, and revenue of $255.29 million, up 18.6% year over year and above expectations.
• The stock opened at $69.81, below the consensus target; institutional investors own 92.21% of shares, while an executive recently sold nearly $500,000 worth of stock.

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

Several other equities analysts also recently issued reports on WK. Citigroup restated a "buy" rating on shares of Workiva in a report on Thursday, August 6th. BTIG Research set a $85.00 target price on shares of Workiva in a research note on Wednesday, September 16th. Zacks Research raised shares of Workiva from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. Weiss Ratings raised shares of Workiva from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, August 6th. Finally, UBS Group set a $70.00 price objective on shares of Workiva in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Workiva presently has an average rating of "Moderate Buy" and a consensus price target of $88.30.

Workiva Price Performance

Workiva stock opened at $69.81 on Friday. Workiva has a 1-year low of $43.34 and a 1-year high of $97.10. The business has a fifty day moving average price of $68.92 and a 200-day moving average price of $58.82. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 85.13 and a beta of 0.49.

Workiva (NYSE:WK - Get Free Report) last announced its earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.13. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%.The company had revenue of $255.29 million for the quarter, compared to analyst estimates of $251.16 million. During the same period in the prior year, the company posted $0.19 EPS. The firm's quarterly revenue was up 18.6% compared to the same quarter last year. 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 Transactions at Workiva

In other Workiva 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 transaction 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 approximately $9,588,629.52. This trade represents a 4.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 4.77% of the company's stock.

Institutional Trading of Workiva

A number of hedge funds and other institutional investors have recently made changes to their positions in WK. IFP Advisors Inc lifted its position in shares of Workiva by 297.1% during the 4th quarter. IFP Advisors Inc now owns 413 shares of the software maker's stock valued at $36,000 after buying an additional 309 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Workiva by 202.3% during the second quarter. Versant Capital Management Inc now owns 532 shares of the software maker's stock valued at $26,000 after purchasing an additional 356 shares in the last quarter. Optiver Holding B.V. lifted its holdings in Workiva by 454.5% during the first quarter. Optiver Holding B.V. now owns 621 shares of the software maker's stock valued at $37,000 after purchasing an additional 509 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in shares of Workiva by 60.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 810 shares of the software maker's stock valued at $70,000 after purchasing an additional 306 shares during the period. Finally, Harbor Investment Advisory LLC purchased a new stake in shares of Workiva during the second quarter worth about $40,000. Institutional investors and hedge funds own 92.21% of the company's stock.

Workiva Company Profile

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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