Workiva Inc. (NYSE:WK) Stock Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Analyst sentiment is moderately bullish: Workiva has a consensus “Moderate Buy” rating from 11 analysts, with nine buys, one strong buy and one sell. The average 12-month price target is $88.30, while Robert W. Baird recently raised its target to $105.
• Quarterly results exceeded expectations: Workiva reported adjusted earnings of $0.77 per share versus the $0.64 consensus estimate, while revenue reached $255.29 million, up 18.6% year over year and above forecasts.
• Institutional ownership is substantial: Hedge funds and other institutional investors own 92.21% of Workiva, with several major firms increasing their stakes. An executive separately sold 6,571 shares at an average price of $75.97.

Shares of Workiva Inc. (NYSE:WK - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eleven analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $88.30.

A number of research firms recently issued reports on WK. Citigroup restated a "buy" rating on shares of Workiva in a research report on Thursday, August 6th. Robert W. Baird boosted their target price on shares of Workiva from $95.00 to $105.00 and gave the company an "outperform" rating in a report on Wednesday, September 16th. Stifel Nicolaus set a $95.00 target price on shares of Workiva in a research note on Thursday, August 27th. Weiss Ratings upgraded Workiva from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, August 6th. Finally, Wall Street Zen raised shares of Workiva from a "buy" rating to a "strong-buy" rating in a research report on Saturday.

Workiva Stock Performance

Shares of WK opened at $69.81 on Monday. The company's fifty day moving average is $68.92 and its 200 day moving average is $58.78. The stock has a market capitalization of $3.92 billion, a PE ratio of 85.13 and a beta of 0.49. Workiva has a fifty-two week low of $43.34 and a fifty-two week high of $97.10.

Workiva (NYSE:WK - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.13. The company had revenue of $255.29 million during the quarter, compared to analyst estimates of $251.16 million. Workiva had a net margin of 4.87% and a negative return on equity of 140.17%. The firm's revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter last year, the business 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. As a group, research analysts forecast that Workiva will post 1.31 earnings per share for the current year.

Insider Transactions at Workiva

In other news, EVP Brandon Ziegler sold 6,571 shares of the company's stock in a transaction dated Thursday, August 20th. The stock was 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 represents a 4.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.77% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Squarepoint Ops LLC increased its stake in shares of Workiva by 110.7% during the second quarter. Squarepoint Ops LLC now owns 1,247,400 shares of the software maker's stock worth $60,511,000 after acquiring an additional 655,396 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Workiva by 88.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,109,646 shares of the software maker's stock worth $66,168,000 after purchasing an additional 520,839 shares in the last quarter. Hawk Ridge Capital Management LP purchased a new stake in shares of Workiva in the 1st quarter worth about $65,091,000. First Trust Advisors LP grew its position in shares of Workiva by 16.4% in the first quarter. First Trust Advisors LP now owns 862,936 shares of the software maker's stock valued at $51,457,000 after purchasing an additional 121,643 shares during the last quarter. Finally, Norges Bank acquired a new stake in Workiva during the 4th quarter valued at $53,375,000. Hedge funds and other institutional investors 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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