Captrust Financial Advisors Sells 6,488 Shares of Workiva Inc. (NYSE:WK)

Captrust Financial Advisors lowered its stake in shares of Workiva Inc. (NYSE:WK - Free Report) by 57.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,742 shares of the software maker's stock after selling 6,488 shares during the quarter. Captrust Financial Advisors' holdings in Workiva were worth $519,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its stake in shares of Workiva by 8.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker's stock valued at $159,000 after acquiring an additional 116 shares during the last quarter. World Investment Advisors raised its position in Workiva by 2.7% during the 4th quarter. World Investment Advisors now owns 5,135 shares of the software maker's stock worth $562,000 after purchasing an additional 135 shares during the last quarter. Park Avenue Securities LLC raised its position in Workiva by 4.5% during the 4th quarter. Park Avenue Securities LLC now owns 4,561 shares of the software maker's stock worth $499,000 after purchasing an additional 198 shares during the last quarter. Arizona State Retirement System raised its position in Workiva by 1.6% during the 4th quarter. Arizona State Retirement System now owns 14,170 shares of the software maker's stock worth $1,552,000 after purchasing an additional 224 shares during the last quarter. Finally, Twin Tree Management LP bought a new position in Workiva during the 4th quarter worth $25,000. Institutional investors and hedge funds own 92.21% of the company's stock.

Workiva Price Performance

Shares of WK traded down $0.44 during trading hours on Friday, hitting $67.08. The stock had a trading volume of 444,818 shares, compared to its average volume of 529,079. The firm has a 50 day simple moving average of $72.09 and a 200-day simple moving average of $89.52. The firm has a market capitalization of $3.74 billion, a P/E ratio of -72.91 and a beta of 0.98. Workiva Inc. has a 1-year low of $60.50 and a 1-year high of $116.83.

Workiva (NYSE:WK - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The software maker reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.07. The company had revenue of $206.28 million for the quarter, compared to analyst estimates of $204.24 million. Workiva's revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 EPS. Equities analysts predict that Workiva Inc. will post -0.92 EPS for the current fiscal year.

Analysts Set New Price Targets

WK has been the subject of several analyst reports. BMO Capital Markets lowered their target price on Workiva from $120.00 to $108.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Raymond James lowered their target price on Workiva from $125.00 to $105.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. BNP Paribas started coverage on Workiva in a report on Tuesday, April 22nd. They set an "outperform" rating and a $100.00 price target for the company. Stifel Nicolaus decreased their price target on Workiva from $120.00 to $100.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, The Goldman Sachs Group decreased their price target on Workiva from $118.00 to $105.00 and set a "buy" rating for the company in a report on Thursday, April 17th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $106.30.

Insider Buying and Selling at Workiva

In other Workiva news, Director Robert H. Herz sold 1,000 shares of Workiva stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $88.70, for a total transaction of $88,700.00. Following the transaction, the director now owns 34,084 shares of the company's stock, valued at $3,023,250.80. This trade represents a 2.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Brandon Ziegler sold 4,115 shares of Workiva stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $85.72, for a total transaction of $352,737.80. Following the completion of the sale, the chief accounting officer now directly owns 103,509 shares in the company, valued at $8,872,791.48. This trade represents a 3.82% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,129 shares of company stock worth $1,807,333. Insiders own 4.05% of the company's stock.

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.