Advantage Alpha Capital Partners LP Purchases 10,953 Shares of Workiva Inc. $WK

Key Points

• Advantage Alpha Capital Partners LP increased its holdings in Workiva Inc. by 24.0% in Q1, now owning 56,523 shares, valued at approximately $4.4 million.
• Workiva reported earnings of $0.19 per share for the last quarter, surpassing estimates, with revenues increasing by 21.2% year-over-year to $215.19 million.
• Analysts have varying ratings on Workiva, with the average target price set at $99.22, amidst bullish sentiments and several "Buy" ratings from major financial institutions.

Advantage Alpha Capital Partners LP lifted its holdings in shares of Workiva Inc. (NYSE:WK - Free Report) by 24.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,523 shares of the software maker's stock after purchasing an additional 10,953 shares during the quarter. Advantage Alpha Capital Partners LP owned 0.10% of Workiva worth $4,398,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Farther Finance Advisors LLC increased its stake in Workiva by 705.9% in 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 during the last quarter. Harbour Investments Inc. bought a new position in Workiva in the first quarter valued at approximately $39,000. Bayforest Capital Ltd bought a new position in Workiva in the first quarter valued at approximately $39,000. Bessemer Group Inc. increased its stake in Workiva by 109.2% in the first quarter. Bessemer Group Inc. now owns 567 shares of the software maker's stock valued at $43,000 after acquiring an additional 296 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new position in Workiva in the fourth quarter valued at approximately $66,000. 92.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WK has been the topic of a number of recent analyst reports. Stifel Nicolaus decreased their price objective on shares of Workiva from $100.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Robert W. Baird set a $105.00 target price on shares of Workiva in a research report on Wednesday, June 25th. Citigroup restated a "buy" rating and issued a $105.00 target price (down previously from $108.00) on shares of Workiva in a research report on Wednesday, July 16th. Stephens restated an "overweight" rating and issued a $95.00 target price on shares of Workiva in a research report on Thursday, May 22nd. Finally, Wall Street Zen upgraded shares of Workiva from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Nine analysts have rated the stock with a Buy rating, According to data from MarketBeat, Workiva presently has a consensus rating of "Buy" and an average price target of $99.22.

Workiva Stock Performance

Shares of NYSE:WK traded up $0.06 during mid-day trading on Tuesday, reaching $78.63. 566,812 shares of the company's stock were exchanged, compared to its average volume of 694,815. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of -65.52 and a beta of 0.86. The business's fifty day moving average price is $70.58 and its 200-day moving average price is $74.06. Workiva Inc. has a twelve month low of $60.50 and a twelve month high of $116.83.

Workiva (NYSE:WK - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The software maker reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.14. The business had revenue of $215.19 million for the quarter, compared to analyst estimates of $208.92 million. Workiva's revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter last year, the firm 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. Analysts predict that Workiva Inc. will post -0.92 EPS for the current fiscal year.

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.