Quantbot Technologies LP Purchases Shares of 9,678 Workiva Inc. $WK

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 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.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in 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 purchasing an additional 360 shares in the last quarter. Harbour Investments Inc. acquired a new position in shares of Workiva during the first quarter worth $39,000. Bayforest Capital Ltd acquired a new position in shares of Workiva during the first quarter worth $39,000. Bessemer Group Inc. increased its holdings in shares of 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, Johnson Financial Group Inc. acquired a new position in shares of Workiva during the fourth quarter worth $66,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Workiva Price Performance

NYSE WK traded up $1.56 on Friday, reaching $82.31. The company had a trading volume of 651,554 shares, compared to its average volume of 1,003,756. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of -68.59 and a beta of 0.86. Workiva Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $116.83. The business has a 50 day moving average of $71.72 and a two-hundred day moving average of $73.83.

Workiva (NYSE:WK - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The software maker reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.14. The company had revenue of $215.19 million during the quarter, compared to analyst estimates of $208.92 million. The business's revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.16 earnings per share. 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 predict that Workiva Inc. will post -0.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on WK shares. Raymond James Financial lowered their price target on shares of Workiva from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Friday, August 1st. Robert W. Baird set a $105.00 price target on shares of Workiva in a report on Wednesday, June 25th. Stifel Nicolaus lowered their price target on shares of Workiva from $100.00 to $85.00 and set a "buy" rating for the company in a report on Friday, August 1st. Stephens reiterated an "overweight" rating and set a $95.00 price target on shares of Workiva in a report on Thursday, May 22nd. Finally, Wall Street Zen upgraded shares of Workiva from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat, Workiva presently has an average rating of "Buy" and a consensus target price of $99.22.

Workiva Company 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.