9,678 Shares in Workiva Inc. $WK Purchased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP acquired a new position in Workiva Inc. by purchasing 9,678 shares, valued at approximately $735,000.
• Institutional investors currently own 92.21% of Workiva's stock, with notable purchases from Point72 Asset Management and Vanguard Group.
• Workiva reported $0.19 EPS for the last quarter, exceeding the consensus estimate and reflecting a 21.2% year-over-year revenue growth.

Quantbot Technologies LP acquired a new stake in shares of Workiva Inc. (NYSE:WK - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,678 shares of the software maker's stock, valued at approximately $735,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of WK. Farther Finance Advisors LLC increased its holdings in shares of Workiva by 705.9% during the first quarter. Farther Finance Advisors LLC now owns 411 shares of the software maker's stock valued at $31,000 after acquiring an additional 360 shares in the last quarter. Bayforest Capital Ltd bought a new stake in shares of Workiva during the first quarter valued at approximately $39,000. Harbour Investments Inc. bought a new stake in Workiva during the first quarter worth $39,000. Bessemer Group Inc. grew 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. Finally, Global Wealth Strategies & Associates bought a new stake in Workiva during the first quarter worth $53,000. Institutional investors own 92.21% of the company's stock.

Workiva Trading Up 0.5%

Shares of WK stock traded up $0.41 on Thursday, hitting $80.78. 930,568 shares of the stock were exchanged, compared to its average volume of 696,587. The firm has a market capitalization of $4.53 billion, a PE ratio of -67.32 and a beta of 0.86. Workiva Inc. has a one year low of $60.50 and a one year high of $116.83. The firm's 50 day moving average is $71.09 and its two-hundred day moving average is $74.14.

Workiva (NYSE:WK - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The software maker reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.14. The firm had revenue of $215.19 million for the quarter, compared to the consensus estimate of $208.92 million. The firm's revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS. Workiva has set its FY 2025 guidance at 1.310-1.380 EPS. Q3 2025 guidance at 0.370-0.410 EPS. On average, sell-side analysts expect that Workiva Inc. will post -0.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Raymond James Financial decreased their price target on Workiva from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Friday, August 1st. Wall Street Zen upgraded Workiva from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Stephens reiterated an "overweight" rating and set a $95.00 price target on shares of Workiva in a report on Thursday, May 22nd. Citigroup reiterated a "buy" rating and set a $105.00 price target (down previously from $108.00) on shares of Workiva in a report on Wednesday, July 16th. Finally, Stifel Nicolaus decreased their price target on Workiva from $100.00 to $85.00 and set a "buy" rating for the company in a report on Friday, August 1st. Nine analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $99.22.

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.