Boothbay Fund Management LLC Invests $465,000 in Workiva Inc. (NYSE:WK)

Boothbay Fund Management LLC bought a new stake in shares of Workiva Inc. (NYSE:WK - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,246 shares of the software maker's stock, valued at approximately $465,000.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WK shares. Truist Financial dropped their price target on Workiva from $120.00 to $95.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Raymond James decreased their price target on shares of Workiva from $125.00 to $105.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. The Goldman Sachs Group cut their target price on shares of Workiva from $118.00 to $105.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. BMO Capital Markets lowered their price target on Workiva from $120.00 to $108.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Finally, BNP Paribas assumed coverage on Workiva in a report on Tuesday, April 22nd. They set an "outperform" rating and a $100.00 price objective on the stock. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $107.90.

Workiva Price Performance

WK traded down $0.09 on Wednesday, hitting $67.44. The company had a trading volume of 82,298 shares, compared to its average volume of 510,262. Workiva Inc. has a 52-week low of $60.50 and a 52-week high of $116.83. The stock has a fifty day simple moving average of $76.55 and a 200-day simple moving average of $90.49. The firm has a market capitalization of $3.79 billion, a P/E ratio of -73.34 and a beta of 0.98.

Workiva (NYSE:WK - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The software maker reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.07. The firm had revenue of $206.28 million during the quarter, compared to the consensus estimate of $204.24 million. Workiva's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 EPS. Equities research analysts expect that Workiva Inc. will post -0.92 earnings per share for the current fiscal year.

Insider Transactions at Workiva

In related news, CFO Jill Klindt sold 5,593 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $85.04, for a total value of $475,628.72. Following the transaction, the chief financial officer now directly owns 119,054 shares of the company's stock, valued at approximately $10,124,352.16. This trade represents a 4.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert H. Herz sold 1,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $88.70, for a total value of $88,700.00. Following the completion of the transaction, the director now directly owns 34,084 shares in the company, valued at approximately $3,023,250.80. This represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,129 shares of company stock valued at $1,807,333. Insiders own 3.86% of the company's stock.

About Workiva

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.