Alamar Capital Management LLC grew its holdings in Workiva Inc. (NYSE:WK - Free Report) by 14.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,467 shares of the software maker's stock after purchasing an additional 6,755 shares during the quarter. Workiva comprises about 2.0% of Alamar Capital Management LLC's portfolio, making the stock its 24th biggest position. Alamar Capital Management LLC owned approximately 0.10% of Workiva worth $3,728,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Workiva by 8.7% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 2,825 shares of the software maker's stock valued at $214,000 after purchasing an additional 225 shares during the period. Xponance Inc. raised its stake in Workiva by 6.7% during the 1st quarter. Xponance Inc. now owns 3,850 shares of the software maker's stock worth $292,000 after buying an additional 241 shares during the period. Bessemer Group Inc. raised its stake in Workiva by 109.2% during the 1st quarter. Bessemer Group Inc. now owns 567 shares of the software maker's stock worth $43,000 after buying an additional 296 shares during the period. SVB Wealth LLC acquired a new position in Workiva during the 1st quarter worth approximately $26,000. Finally, Janney Montgomery Scott LLC raised its stake in Workiva by 1.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 19,596 shares of the software maker's stock worth $1,488,000 after buying an additional 371 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.
Workiva Stock Performance
Shares of WK opened at $89.51 on Friday. The stock has a 50 day moving average price of $82.59 and a two-hundred day moving average price of $73.74. The firm has a market capitalization of $5.01 billion, a P/E ratio of -74.59 and a beta of 0.87. Workiva Inc. has a 52 week low of $60.50 and a 52 week high of $116.83.
Workiva (NYSE:WK - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $215.19 million for the quarter, compared to the consensus estimate of $208.92 million. The business's revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the prior year, the firm posted $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. On average, equities analysts forecast that Workiva Inc. will post -0.92 earnings per share for the current year.
Analyst Ratings Changes
A number of research firms recently weighed in on WK. Raymond James Financial dropped their price target on Workiva from $105.00 to $95.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Workiva in a research note on Wednesday, October 8th. Stifel Nicolaus upped their price target on Workiva from $85.00 to $92.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. BMO Capital Markets upped their price target on Workiva from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 30th. Finally, Citigroup upped their price target on Workiva from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, September 11th. Ten analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $99.27.
Read Our Latest Research Report on Workiva
Workiva Profile
(
Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Workiva, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Workiva wasn't on the list.
While Workiva currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
