96,074 Shares in Workiva Inc. $WK Acquired by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management acquired 96,074 Workiva shares worth approximately $4.66 million, while institutional investors and hedge funds collectively own 92.21% of the company.
• Workiva reported quarterly adjusted EPS of $0.77, beating estimates by $0.13, while revenue rose 18.6% year over year to $255.29 million. The company provided fiscal 2026 EPS guidance of $3.380–$3.390.
• Workiva shares opened at $68.10, below their 12-month high of $97.10. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $84.75, although a company director recently sold 1,000 shares.

Assenagon Asset Management S.A. acquired a new position in shares of Workiva Inc. (NYSE:WK - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 96,074 shares of the software maker's stock, valued at approximately $4,661,000. Assenagon Asset Management S.A. owned 0.17% of Workiva at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank grew its position in Workiva by 28.8% during the 4th quarter. Comerica Bank now owns 151,317 shares of the software maker's stock worth $13,051,000 after acquiring an additional 33,829 shares during the last quarter. First Trust Advisors LP raised its holdings in Workiva by 16.4% during the 1st quarter. First Trust Advisors LP now owns 862,936 shares of the software maker's stock worth $51,457,000 after purchasing an additional 121,643 shares during the last quarter. Conestoga Capital Advisors LLC raised its stake in Workiva by 8.7% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,083,243 shares of the software maker's stock worth $93,430,000 after buying an additional 87,056 shares during the last quarter. Ranger Investment Management L.P. lifted its stake in shares of Workiva by 11.5% in the 1st quarter. Ranger Investment Management L.P. now owns 342,185 shares of the software maker's stock valued at $20,404,000 after purchasing an additional 35,329 shares during the period. Finally, Norges Bank acquired a new position in Workiva in the fourth quarter valued at approximately $53,375,000. 92.21% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Robert H. Herz sold 1,000 shares of Workiva stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $49.69, for a total value of $49,690.00. Following the completion of the transaction, the director owned 34,802 shares in the company, valued at $1,729,311.38. This trade represents a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.77% of the stock is owned by corporate insiders.

Workiva Stock Down 1.4%

Workiva stock opened at $68.10 on Thursday. Workiva Inc. has a twelve month low of $43.34 and a twelve month high of $97.10. The firm has a 50 day moving average price of $53.72 and a 200-day moving average price of $57.18. The company has a market capitalization of $3.82 billion, a P/E ratio of 83.05 and a beta of 0.46.

Workiva (NYSE:WK - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.13. Workiva had a net margin of 4.87% and a negative return on equity of 140.17%. The company had revenue of $255.29 million for the quarter, compared to analysts' expectations of $251.16 million. During the same quarter in the previous year, the firm posted $0.19 EPS. Workiva's revenue was up 18.6% on a year-over-year basis. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. Equities analysts expect that Workiva Inc. will post 1.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on WK shares. Stifel Nicolaus set a $70.00 price objective on shares of Workiva in a research report on Wednesday, August 5th. Wall Street Zen upgraded shares of Workiva from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 25th. Stephens reissued an "overweight" rating and set a $68.00 target price on shares of Workiva in a research report on Tuesday, May 26th. Robert W. Baird set a $74.00 target price on Workiva in a research note on Wednesday, May 6th. Finally, Weiss Ratings raised Workiva from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, August 6th. Ten analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell 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 $84.75.

About Workiva

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.

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