Banque Transatlantique SA Makes New Investment in Workiva Inc. $WK

Key Points

• Banque Transatlantique SA has acquired a new stake in Workiva Inc., purchasing 3,712 shares valued at around $260,000 in the first quarter.
• Analysts have generally rated Workiva Inc. favorably, with nine assigning a "Buy" rating and a consensus price target of $99.22.
• Workiva reported a significant increase in quarterly revenue, reaching $215.19 million, surpassing analysts' expectations and showcasing a 21.2% year-over-year growth.

Banque Transatlantique SA acquired a new position in Workiva Inc. (NYSE:WK - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,712 shares of the software maker's stock, valued at approximately $260,000.

A number of other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in Workiva by 86.5% in the first quarter. AQR Capital Management LLC now owns 84,900 shares of the software maker's stock worth $6,445,000 after purchasing an additional 39,371 shares in the last quarter. Vident Advisory LLC raised its holdings in Workiva by 27.6% in the first quarter. Vident Advisory LLC now owns 2,796 shares of the software maker's stock worth $212,000 after purchasing an additional 604 shares in the last quarter. Magnetar Financial LLC bought a new position in Workiva in the first quarter worth $209,000. Siren L.L.C. raised its holdings in Workiva by 75.0% in the first quarter. Siren L.L.C. now owns 17,500 shares of the software maker's stock worth $1,328,000 after purchasing an additional 7,500 shares in the last quarter. Finally, Trexquant Investment LP raised its holdings in Workiva by 95.9% in the first quarter. Trexquant Investment LP now owns 171,308 shares of the software maker's stock worth $13,004,000 after purchasing an additional 83,880 shares in the last quarter. Institutional investors own 92.21% of the company's stock.

Workiva Price Performance

Shares of Workiva stock traded up $3.81 during trading on Friday, hitting $79.86. 855,399 shares of the company's stock traded hands, compared to its average volume of 744,341. Workiva Inc. has a 1 year low of $60.50 and a 1 year high of $116.83. The stock has a market capitalization of $4.47 billion, a P/E ratio of -66.55 and a beta of 0.87. The business has a 50-day simple moving average of $72.98 and a 200-day simple moving average of $73.37.

Workiva (NYSE:WK - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The software maker reported $0.19 EPS for the quarter, beating the consensus estimate of $0.05 by $0.14. The business had revenue of $215.19 million for the quarter, compared to analysts' expectations of $208.92 million. During the same period last year, the business earned $0.16 earnings per share. The company's quarterly revenue 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. On average, equities analysts predict that Workiva Inc. will post -0.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

WK has been the subject of several analyst reports. Citigroup restated a "buy" rating and set a $105.00 price target (down from $108.00) on shares of Workiva in a report on Wednesday, July 16th. Wall Street Zen upgraded Workiva from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Stifel Nicolaus reduced their price target on Workiva from $100.00 to $85.00 and set a "buy" rating for the company in a report on Friday, August 1st. Robert W. Baird set a $105.00 price target on Workiva in a report on Wednesday, June 25th. Finally, Raymond James Financial reduced their price target on Workiva from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Friday, August 1st. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Workiva currently has an average rating of "Buy" and a consensus target price of $99.22.

Workiva 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.