Zacks Research Downgrades Workiva (NYSE:WK) to Hold

Key Points

• Zacks Research downgraded Workiva to “hold” from “strong buy.” Despite the downgrade, the broader analyst consensus remains “Moderate Buy,” with an average price target of $87 versus the stock’s $70.26 opening price.
• Workiva shares fell 2.3%, with the stock valued at approximately $3.94 billion and trading at a high price-to-earnings ratio of 85.69. The company recently exceeded quarterly earnings and revenue expectations, reporting $0.77 EPS and $255.29 million in revenue.
• Institutional investors own 92.21% of Workiva’s shares and several major funds increased their positions. Separately, EVP Brandon Ziegler sold 6,571 shares worth about $499,199, reducing his stake by 4.95%.

Workiva (NYSE:WK - Get Free Report) was downgraded by equities researchers at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Monday, Zacks reports.

WK has been the subject of a number of other research reports. Robert W. Baird boosted their price objective on Workiva from $95.00 to $105.00 and gave the stock an "outperform" rating in a report on Wednesday, September 16th. Weiss Ratings upgraded shares of Workiva from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, August 6th. BTIG Research set a $85.00 price target on Workiva in a research note on Wednesday, September 16th. Stifel Nicolaus set a $95.00 price target on Workiva in a research report on Thursday, August 27th. Finally, Wall Street Zen upgraded Workiva from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 26th. 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 company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $87.00.

Workiva Trading Down 2.3%

NYSE:WK opened at $70.26 on Monday. The stock has a market capitalization of $3.94 billion, a PE ratio of 85.69 and a beta of 0.53. The firm has a fifty day simple moving average of $70.94 and a 200 day simple moving average of $59.14. Workiva has a 1-year low of $43.34 and a 1-year high of $97.10.

Workiva (NYSE:WK - Get Free Report) last announced its quarterly 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. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%.The firm had revenue of $255.29 million for the quarter, compared to the consensus estimate of $251.16 million. During the same quarter in the previous year, the business earned $0.19 earnings per share. The business's 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 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 sale, the executive vice president directly owned 126,216 shares in the company, valued at approximately $9,588,629.52. This trade represents a 4.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.77% of the company's stock.

Institutional Investors Weigh In On Workiva

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its stake 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 acquiring an additional 520,839 shares during the last quarter. Hawk Ridge Capital Management LP bought a new position in Workiva during the 1st quarter worth $65,091,000. Squarepoint Ops LLC lifted its holdings in Workiva by 110.7% during the 2nd quarter. Squarepoint Ops LLC now owns 1,247,400 shares of the software maker's stock worth $60,511,000 after buying an additional 655,396 shares during the period. First Trust Advisors LP grew its position in shares of Workiva by 16.4% in the 1st quarter. First Trust Advisors LP now owns 862,936 shares of the software maker's stock valued at $51,457,000 after buying an additional 121,643 shares during the last quarter. Finally, Irenic Capital Management LP grew its position in shares of Workiva by 11.1% in the 4th quarter. Irenic Capital Management LP now owns 552,010 shares of the software maker's stock valued at $47,611,000 after buying an additional 55,000 shares during the last quarter. Institutional investors own 92.21% of the company's stock.

Workiva Company Profile

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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