Workiva Inc. (NYSE:WK) Stock Has Consensus Target Price of $87.00

Key Points

• Analyst sentiment is moderately bullish: Nine of 11 brokerages rate Workiva a buy, while two recommend holding the stock. The consensus 12-month price target is $87.00.
• Workiva shares opened at $84.92, up 5.7%, with a market capitalization of $4.77 billion and a P/E ratio of 103.56.
• The company exceeded quarterly expectations, reporting $0.77 EPS versus the $0.64 consensus estimate and $255.29 million in revenue, up 18.6% year over year. Institutional investors own 92.21% of outstanding shares, while an executive recently sold approximately $499,000 worth of stock.

Shares of Workiva Inc. (NYSE:WK - Get Free Report) have been given an average rating of "Moderate Buy" by the eleven brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $87.00.

A number of equities research analysts have recently issued reports on WK shares. Weiss Ratings raised shares of Workiva from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday. Robert W. Baird upped their price target on shares of Workiva from $95.00 to $105.00 and gave the company an "outperform" rating in a research note on Wednesday, September 16th. Stifel Nicolaus set a $95.00 price target on shares of Workiva in a research report on Thursday, August 27th. Wall Street Zen upgraded shares of Workiva from a "buy" rating to a "strong-buy" rating in a research note on Sunday, October 18th. Finally, Zacks Research cut shares of Workiva from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th.

Workiva Trading Up 5.7%

Shares of NYSE WK opened at $84.92 on Friday. The firm has a market cap of $4.77 billion, a P/E ratio of 103.56 and a beta of 0.53. Workiva has a 1-year low of $43.34 and a 1-year high of $97.10. The business's 50 day moving average is $73.75 and its 200-day moving average is $60.50.

Workiva (NYSE:WK - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.13. The business had revenue of $255.29 million during the quarter, compared to analysts' expectations of $251.16 million. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%. The firm's revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period last year, the firm 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. Analysts forecast that Workiva will post 1.31 EPS for the current year.

Insider Activity

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 transaction of $499,198.87. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.77% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Workiva

Several institutional investors have recently made changes to their positions in WK. Versant Capital Management Inc increased its stake in Workiva by 202.3% during the 2nd quarter. Versant Capital Management Inc now owns 532 shares of the software maker's stock worth $26,000 after acquiring an additional 356 shares during the period. Optiver Holding B.V. raised its holdings in Workiva by 454.5% in the 1st quarter. Optiver Holding B.V. now owns 621 shares of the software maker's stock valued at $37,000 after acquiring an additional 509 shares in the last quarter. Harbor Investment Advisory LLC acquired a new position in Workiva in the 2nd quarter valued at $40,000. Integrated Wealth Concepts LLC bought a new stake in shares of Workiva during the 2nd quarter valued at $46,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Workiva by 43.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 732 shares of the software maker's stock valued at $49,000 after acquiring an additional 223 shares during the period. 92.21% of the stock is currently owned by institutional investors.

Workiva Company Profile

Workiva Inc NYSE: WK provides cloud-based software designed to help organizations manage reporting, compliance, risk and other complex business processes. Its platform connects financial, operational and environmental, social and governance (ESG) data so teams can collaborate on information used for internal and external reporting.

The company's products support financial reporting, regulatory filings, audit and compliance workflows, investor communications, and sustainability reporting.

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