Alamar Capital Management LLC Purchases 14,220 Shares of Workiva Inc. $WK

Key Points

• Alamar Capital increased its Workiva stake by 44.7% in Q3, buying 14,220 shares to hold 46,005 shares worth about $3.06 million. Institutional investors collectively own 92.21% of the company.
• Workiva’s Q3 revenue grew 17.3% year over year to $262.96 million, beating estimates, but EPS of $0.72 missed the $0.80 consensus. The article also notes that company guidance fell short of analyst expectations.
• Analysts hold a consensus “Moderate Buy” rating, with an average price target of $87; ratings range from nine Buys to one Hold and one Sell.

Alamar Capital Management LLC raised its stake in shares of Workiva Inc. (NYSE:WK - Free Report) by 44.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,005 shares of the software maker's stock after purchasing an additional 14,220 shares during the period. Workiva accounts for approximately 1.6% of Alamar Capital Management LLC's holdings, making the stock its 16th biggest position. Alamar Capital Management LLC owned 0.08% of Workiva worth $3,063,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Versant Capital Management Inc raised its position in shares of Workiva by 202.3% during the 2nd quarter. Versant Capital Management Inc now owns 532 shares of the software maker's stock valued at $26,000 after acquiring an additional 356 shares in the last quarter. Optiver Holding B.V. boosted its holdings in shares of Workiva by 454.5% during the 1st quarter. Optiver Holding B.V. now owns 621 shares of the software maker's stock worth $37,000 after buying an additional 509 shares in the last quarter. William Mack & Associates Inc. purchased a new position in shares of Workiva in the third quarter worth about $39,000. Harbor Investment Advisory LLC bought a new position in shares of Workiva during the second quarter valued at about $40,000. Finally, Covestor Ltd boosted its position in Workiva by 171.8% in the third quarter. Covestor Ltd now owns 666 shares of the software maker's stock worth $44,000 after purchasing an additional 421 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Insider Activity at Workiva

In other news, EVP Brandon Ziegler sold 6,571 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $75.97, for a total value of $499,198.87. Following the transaction, the executive vice president owned 126,216 shares in the company, valued at approximately $9,588,629.52. This trade represents a 4.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.77% of the stock is currently owned by company insiders.

Workiva Price Performance

Shares of WK opened at $72.83 on Friday. Workiva Inc. has a 1 year low of $43.34 and a 1 year high of $95.00. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 65.03 and a beta of 0.46. The business's 50 day simple moving average is $75.83 and its 200-day simple moving average is $63.07.

Workiva (NYSE:WK - Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The software maker reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.08). The company had revenue of $262.96 million for the quarter, compared to analyst estimates of $261.37 million. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%. Workiva's revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 earnings per share. On average, sell-side analysts expect that Workiva Inc. will post 1.31 earnings per share for the current year.

Key Stories Impacting Workiva

Here are the key news stories impacting Workiva this week:

• Positive Sentiment: Third-quarter revenue rose 17.3% year over year to $262.96 million, topping analysts’ $261.37 million estimate. Quarterly results
• Neutral Sentiment: Coverage highlighted Workiva’s AI expansion, while noting moderating business tailwinds; the available reports do not quantify the potential financial contribution from AI. Q3 deep dive
• Negative Sentiment: Q3 EPS was $0.72, below the roughly $0.79–$0.80 consensus, despite increasing from $0.55 a year earlier. The earnings shortfall is a likely drag on sentiment. Q3 earnings miss
• Negative Sentiment: Workiva’s Q4 EPS outlook of $0.78–$0.80 is below the $0.92 consensus, and its $275 million–$278 million revenue range is just shy of the $278.1 million estimate. Full-year EPS guidance of $2.80–$2.83 also trails the $2.95 consensus, putting the outlook at the center of investor concern. Why shares are falling

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. UBS Group set a $70.00 price objective on shares of Workiva in a report on Wednesday, August 5th. Robert W. Baird upped their price objective on Workiva from $95.00 to $105.00 and gave the company an "outperform" rating in a research note on Wednesday, September 16th. Wall Street Zen lowered Workiva from a "strong-buy" rating to a "hold" rating in a research note on Saturday. Weiss Ratings downgraded Workiva from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday. Finally, Citigroup reiterated a "buy" rating on shares of Workiva in a report on Thursday, August 6th. Nine investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.00.

Workiva Company Profile

Workiva Inc NYSE: WK provides cloud-based software designed to help organizations manage reporting, compliance, risk and other complex business processes. Its platform connects financial, operational and environmental, social and governance (ESG) data so teams can collaborate on information used for internal and external reporting.

The company's products support financial reporting, regulatory filings, audit and compliance workflows, investor communications, and sustainability reporting.

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