Amundi Decreases Stock Holdings in Workiva Inc. $WK

Key Points

• Amundi nearly exited Workiva: The investment firm cut its position by 99.9% in the first quarter, selling 10.29 million shares and retaining 11,624 shares worth about $693,000. Institutional investors still own 92.21% of Workiva.
• Analysts remain generally positive: Workiva has an overall “Moderate Buy” rating, with 10 Buy, one Hold and one Sell rating, and an average price target of $84.75. However, BTIG and Zacks Research recently reduced their outlooks.
• Quarterly results exceeded expectations: Workiva reported $0.77 in adjusted EPS versus the $0.64 consensus estimate and revenue of $255.29 million, up 18.6% year over year and above forecasts.

Amundi lowered its position in shares of Workiva Inc. (NYSE:WK - Free Report) by 99.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,624 shares of the software maker's stock after selling 10,294,903 shares during the period. Amundi's holdings in Workiva were worth $693,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. LPL Financial LLC raised its position in shares of Workiva by 0.9% during the 4th quarter. LPL Financial LLC now owns 20,475 shares of the software maker's stock worth $1,766,000 after acquiring an additional 185 shares in the last quarter. Allworth Financial LP boosted its holdings in Workiva by 82.3% in the third quarter. Allworth Financial LP now owns 412 shares of the software maker's stock valued at $35,000 after purchasing an additional 186 shares in the last quarter. King Luther Capital Management Corp increased its stake in Workiva by 0.3% in the fourth quarter. King Luther Capital Management Corp now owns 80,083 shares of the software maker's stock valued at $6,907,000 after purchasing an additional 248 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Workiva by 66.0% in the fourth quarter. Farther Finance Advisors LLC now owns 669 shares of the software maker's stock valued at $58,000 after purchasing an additional 266 shares during the last quarter. Finally, First Horizon Corp raised its holdings in Workiva by 112.1% during the fourth quarter. First Horizon Corp now owns 509 shares of the software maker's stock worth $44,000 after purchasing an additional 269 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WK. Zacks Research cut shares of Workiva from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Stifel Nicolaus set a $70.00 price target on shares of Workiva in a research note on Wednesday. Citigroup reissued a "buy" rating on shares of Workiva in a research report on Thursday. Raymond James Financial restated an "outperform" rating and issued a $85.00 price objective on shares of Workiva in a research note on Wednesday, May 6th. Finally, BTIG Research dropped their price objective on Workiva from $80.00 to $70.00 and set a "buy" rating on the stock in a report on Wednesday, August 5th. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $84.75.

Workiva Trading Up 0.0%

Workiva stock opened at $65.16 on Monday. The stock has a 50 day moving average of $52.72 and a two-hundred day moving average of $57.47. Workiva Inc. has a twelve month low of $43.34 and a twelve month high of $97.10. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 79.47 and a beta of 0.46.

Workiva (NYSE:WK - Get Free Report) last released its earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.13. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%.The business had revenue of $255.29 million for the quarter, compared to analyst estimates of $251.16 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company's revenue for the quarter was up 18.6% compared to the same quarter last year. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. Equities analysts predict that Workiva Inc. will post 0.92 earnings per share for the current year.

Insider Transactions at Workiva

In other Workiva news, Director Robert H. Herz sold 1,000 shares of the company's stock in a transaction on Friday, May 29th. The shares were sold at an average price of $49.69, for a total transaction of $49,690.00. Following the completion of the transaction, the director owned 34,802 shares in the company, valued at approximately $1,729,311.38. This represents a 2.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.77% of the company's stock.

Workiva Company Profile

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.

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