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 stake in shares of Workiva Inc. (NYSE:WK - Free Report) by 24.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,523 shares of the software maker's stock after purchasing an additional 10,953 shares during the period. Advantage Alpha Capital Partners LP owned 0.10% of Workiva worth $4,398,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Workiva by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 5,942,371 shares of the software maker's stock worth $451,085,000 after acquiring an additional 142,297 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Workiva by 32.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,834,723 shares of the software maker's stock worth $215,184,000 after acquiring an additional 686,702 shares during the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of Workiva by 1.2% during the 1st quarter. Conestoga Capital Advisors LLC now owns 1,179,179 shares of the software maker's stock worth $89,511,000 after acquiring an additional 14,160 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Workiva by 6.9% during the 4th quarter. Northern Trust Corp now owns 596,466 shares of the software maker's stock worth $65,313,000 after acquiring an additional 38,633 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in shares of Workiva by 0.3% during the 4th quarter. Nuveen Asset Management LLC now owns 588,428 shares of the software maker's stock worth $64,433,000 after acquiring an additional 1,909 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Workiva Stock Performance

Shares of WK stock traded up $1.38 on Wednesday, hitting $79.87. The company had a trading volume of 221,680 shares, compared to its average volume of 691,762. The firm has a market cap of $4.47 billion, a P/E ratio of -66.55 and a beta of 0.86. The stock's 50-day moving average is $70.82 and its two-hundred day moving average is $74.09. 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 released its earnings results on Thursday, July 31st. The software maker reported $0.19 EPS for the quarter, topping the consensus estimate 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. During the same period in the prior year, the business earned $0.16 EPS. The company's revenue for the quarter was up 21.2% on a year-over-year basis. Workiva has set its FY 2025 guidance at 1.310-1.380 EPS. Q3 2025 guidance at 0.370-0.410 EPS. Equities research analysts predict that Workiva Inc. will post -0.92 EPS for the current 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.