31,516 Shares in Workiva Inc. $WK Acquired by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC purchased 31,516 shares of Workiva Inc. for approximately $2.39 million, representing 0.06% ownership of the company.
• Workiva's stock rose 3.9%, with the current trading price at $79.8450, and it has a market capitalization of $4.47 billion.
• Investment analysts have given Workiva a consensus rating of "Buy", with target prices ranging from $85.00 to $105.00.

Campbell & CO Investment Adviser LLC purchased a new position in Workiva Inc. (NYSE:WK - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 31,516 shares of the software maker's stock, valued at approximately $2,392,000. Campbell & CO Investment Adviser LLC owned about 0.06% of Workiva as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Workiva by 8.7% during the first 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. boosted its stake in shares of Workiva by 6.7% during the first quarter. Xponance Inc. now owns 3,850 shares of the software maker's stock valued at $292,000 after purchasing an additional 241 shares during the period. Bessemer Group Inc. boosted its stake in shares of Workiva by 109.2% during the first quarter. Bessemer Group Inc. now owns 567 shares of the software maker's stock valued at $43,000 after purchasing an additional 296 shares during the period. SVB Wealth LLC purchased a new stake in shares of Workiva during the first quarter valued at $26,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of Workiva by 705.9% during the first quarter. Farther Finance Advisors LLC now owns 411 shares of the software maker's stock valued at $31,000 after purchasing an additional 360 shares during the period. Institutional investors own 92.21% of the company's stock.

Analysts Set New Price Targets

WK has been the subject of a number of recent research reports. Stifel Nicolaus reduced their target price on shares of Workiva from $100.00 to $85.00 and set a "buy" rating for the company in a report on Friday, August 1st. Stephens reiterated an "overweight" rating and issued a $95.00 target price on shares of Workiva in a report on Thursday, May 22nd. Raymond James Financial reduced their target price on shares of Workiva from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Friday, August 1st. Citigroup reiterated a "buy" rating and issued a $105.00 target price (down from $108.00) on shares of Workiva in a report on Wednesday, July 16th. Finally, Robert W. Baird set a $105.00 price objective on shares of Workiva in a report on Wednesday, June 25th. Nine equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $99.22.

Workiva Stock Performance

Workiva stock traded up $1.56 during trading on Friday, reaching $82.31. The company had a trading volume of 651,554 shares, compared to its average volume of 1,003,756. The firm's 50-day simple moving average is $71.72 and its 200 day simple moving average is $73.83. Workiva Inc. has a 1-year low of $60.50 and a 1-year high of $116.83. The firm has a market capitalization of $4.61 billion, a PE ratio of -68.59 and a beta of 0.86.

Workiva (NYSE:WK - Get Free Report) last announced its earnings results on Thursday, July 31st. The software maker reported $0.19 earnings per share (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 last year, the firm earned $0.16 EPS. The company's revenue for the quarter was up 21.2% compared to the same quarter last year. Workiva has set its FY 2025 guidance at 1.310-1.380 EPS. Q3 2025 guidance at 0.370-0.410 EPS. Analysts anticipate 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.