52,223 Shares in Workiva Inc. $WK Bought by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC has acquired a new position in Workiva Inc., purchasing 52,223 shares valued at approximately $3.96 million, representing 0.09% of the company's total shares.
• Workiva's stock is currently down 1.1% and has a market capitalization of $4.34 billion, with a 52-week trading range between $60.50 and $116.83.
• Wall Street analysts maintain a consensus rating of "Buy" for Workiva, with a consensus price target of $100.00, backed by several recent analysts' reports increasing their price objectives for the stock.

Acadian Asset Management LLC purchased a new position in shares of Workiva Inc. (NYSE:WK - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 52,223 shares of the software maker's stock, valued at approximately $3,959,000. Acadian Asset Management LLC owned approximately 0.09% of Workiva as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. SVB Wealth LLC purchased a new stake in Workiva during the first quarter worth $26,000. Farther Finance Advisors LLC boosted its holdings in Workiva by 705.9% during the first quarter. Farther Finance Advisors LLC now owns 411 shares of the software maker's stock worth $31,000 after buying an additional 360 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in Workiva during the first quarter worth $39,000. Harbour Investments Inc. purchased a new stake in Workiva during the first quarter worth $39,000. Finally, Bessemer Group Inc. boosted its holdings in Workiva by 109.2% during the first quarter. Bessemer Group Inc. now owns 567 shares of the software maker's stock worth $43,000 after buying an additional 296 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Workiva Stock Down 1.1%

Shares of Workiva stock opened at $77.55 on Monday. Workiva Inc. has a 52-week low of $60.50 and a 52-week high of $116.83. The company has a 50 day moving average of $73.92 and a 200 day moving average of $73.09. The company has a market capitalization of $4.34 billion, a P/E ratio of -64.62 and a beta of 0.87.

Workiva (NYSE:WK - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The software maker reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.14. The firm had revenue of $215.19 million during the quarter, compared to analysts' expectations of $208.92 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The firm's revenue was up 21.2% compared to the same quarter last year. Workiva has set its FY 2025 guidance at 1.310-1.380 EPS. Q3 2025 guidance at 0.370-0.410 EPS. As a group, research analysts anticipate that Workiva Inc. will post -0.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WK has been the topic of several recent analyst reports. Stephens reaffirmed an "overweight" rating and set a $95.00 price objective on shares of Workiva in a report on Thursday, May 22nd. Raymond James Financial decreased their price objective on shares of Workiva from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Wolfe Research increased their price objective on shares of Workiva from $85.00 to $95.00 and gave the company an "outperform" rating in a report on Wednesday, September 10th. Wall Street Zen raised shares of Workiva from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Stifel Nicolaus increased their price objective on shares of Workiva from $85.00 to $92.00 and gave the company a "buy" rating in a report on Wednesday. Ten equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $100.00.

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.

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