Campbell & CO Investment Adviser LLC Purchases Shares of 31,516 Workiva Inc. $WK

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

A number of other large investors also recently modified their holdings of the company. SVB Wealth LLC purchased a new position in shares of Workiva in the 1st quarter valued at $26,000. Farther Finance Advisors LLC increased its stake in Workiva by 705.9% in 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. Harbour Investments Inc. acquired a new position in Workiva in the first quarter valued at $39,000. Bayforest Capital Ltd acquired a new position in Workiva in the first quarter valued at $39,000. Finally, Bessemer Group Inc. increased its stake in Workiva by 109.2% in 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. 92.21% of the stock is owned by hedge funds and other institutional investors.

Workiva Stock Performance

WK traded up $0.41 on Thursday, hitting $80.78. 930,568 shares of the company were exchanged, compared to its average volume of 696,587. The business's fifty day moving average is $71.09 and its 200 day moving average is $74.14. Workiva Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $116.83. The firm has a market capitalization of $4.53 billion, a P/E ratio of -67.32 and a beta of 0.86.

Workiva (NYSE:WK - Get Free Report) last issued its earnings results on Thursday, July 31st. The software maker reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.14. The company had revenue of $215.19 million for the quarter, compared to analyst estimates of $208.92 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company's quarterly revenue 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 forecast that Workiva Inc. will post -0.92 EPS for the current fiscal year.

Analysts Set New Price Targets

WK has been the topic of a number of recent research reports. Raymond James Financial dropped their price objective on shares of Workiva from $105.00 to $95.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. Wall Street Zen upgraded shares of Workiva from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Robert W. Baird set a $105.00 price target on shares of Workiva in a research note on Wednesday, June 25th. Citigroup reiterated a "buy" rating and set a $105.00 price target (down from $108.00) on shares of Workiva in a research note on Wednesday, July 16th. Finally, Stephens reiterated an "overweight" rating and set a $95.00 price target on shares of Workiva in a research note on Thursday, May 22nd. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target 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.