Workiva Inc. (NYSE:WK) Shares Sold by Aquatic Capital Management LLC

Aquatic Capital Management LLC trimmed its holdings in shares of Workiva Inc. (NYSE:WK - Free Report) by 29.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,324 shares of the software maker's stock after selling 3,519 shares during the quarter. Aquatic Capital Management LLC's holdings in Workiva were worth $911,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in WK. World Investment Advisors LLC purchased a new stake in Workiva during the third quarter valued at approximately $396,000. Nordea Investment Management AB purchased a new stake in Workiva during the 4th quarter valued at $59,894,000. Harbor Capital Advisors Inc. lifted its position in Workiva by 6.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 9,060 shares of the software maker's stock worth $992,000 after buying an additional 537 shares during the last quarter. Heartwood Wealth Advisors LLC purchased a new position in Workiva during the fourth quarter worth $219,000. Finally, Park Avenue Securities LLC increased its position in Workiva by 4.5% during the fourth quarter. Park Avenue Securities LLC now owns 4,561 shares of the software maker's stock valued at $499,000 after acquiring an additional 198 shares during the last quarter. Institutional investors own 92.21% of the company's stock.

Workiva Trading Down 9.5 %

Shares of WK traded down $7.08 during trading hours on Friday, hitting $67.31. The company had a trading volume of 2,080,988 shares, compared to its average volume of 506,553. The company has a market capitalization of $3.78 billion, a PE ratio of -73.16 and a beta of 0.98. Workiva Inc. has a one year low of $60.50 and a one year high of $116.83. The company's fifty day moving average price is $77.42 and its two-hundred day moving average price is $90.69.

Workiva (NYSE:WK - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The software maker reported $0.14 EPS for the quarter, beating the consensus estimate of $0.07 by $0.07. The firm had revenue of $206.28 million for the quarter, compared to analysts' expectations of $204.24 million. The business's quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 earnings per share. Analysts forecast that Workiva Inc. will post -0.92 earnings per share for the current year.

Insider Activity at Workiva

In related news, EVP Michael D. Hawkins sold 10,421 shares of Workiva stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $85.43, for a total transaction of $890,266.03. Following the completion of the transaction, the executive vice president now directly owns 61,298 shares in the company, valued at approximately $5,236,688.14. This trade represents a 14.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Brandon Ziegler sold 4,115 shares of Workiva stock in a transaction on Friday, March 7th. The shares were sold at an average price of $85.72, for a total transaction of $352,737.80. Following the completion of the transaction, the chief accounting officer now directly owns 103,509 shares of the company's stock, valued at $8,872,791.48. The trade was a 3.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,129 shares of company stock valued at $1,807,333 in the last three months. 3.86% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WK shares. BMO Capital Markets dropped their price target on shares of Workiva from $120.00 to $108.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Stephens began coverage on Workiva in a research report on Wednesday, March 19th. They set an "overweight" rating and a $111.00 target price for the company. BNP Paribas initiated coverage on Workiva in a report on Tuesday, April 22nd. They issued an "outperform" rating and a $100.00 price target on the stock. Truist Financial lowered their target price on shares of Workiva from $120.00 to $95.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Finally, Stifel Nicolaus dropped their target price on shares of Workiva from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $107.90.

Workiva Profile

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.