Captrust Financial Advisors Trims Stake in Workiva Inc. (NYSE:WK)

Captrust Financial Advisors cut its stake in Workiva Inc. (NYSE:WK - Free Report) by 57.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 hedge funds have also bought and sold shares of the company. Balyasny Asset Management L.P. increased its stake in shares of Workiva by 11.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 188,418 shares of the software maker's stock valued at $20,632,000 after purchasing an additional 18,610 shares in the last quarter. Aristeia Capital L.L.C. acquired a new stake in Workiva in the fourth quarter valued at approximately $8,957,000. Aequim Alternative Investments LP acquired a new stake in Workiva in the fourth quarter valued at approximately $2,431,000. Untitled Investments LP purchased a new stake in shares of Workiva in the fourth quarter valued at approximately $7,648,000. Finally, Northern Trust Corp raised its stake in shares of Workiva by 6.9% during the 4th quarter. Northern Trust Corp now owns 596,466 shares of the software maker's stock worth $65,313,000 after buying an additional 38,633 shares during the period. Hedge funds and other institutional investors own 92.21% of the company's stock.

Insiders Place Their Bets

In related news, Director Robert H. Herz sold 1,000 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $88.70, for a total transaction of $88,700.00. Following the completion of the sale, the director now directly owns 34,084 shares of the company's stock, valued at approximately $3,023,250.80. This trade represents a 2.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jill Klindt sold 5,593 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $85.04, for a total transaction of $475,628.72. Following the completion of the transaction, the chief financial officer now directly owns 119,054 shares in the company, valued at $10,124,352.16. The trade was a 4.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,129 shares of company stock valued at $1,807,333 over the last ninety days. Company insiders own 3.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group dropped their price target on shares of Workiva from $118.00 to $105.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Stephens started coverage on shares of Workiva in a research note on Wednesday, March 19th. They set an "overweight" rating and a $111.00 target price for the company. Stifel Nicolaus reduced their price target on shares of Workiva from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Citigroup lifted their price objective on Workiva from $128.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Finally, Raymond James cut their price objective on Workiva from $125.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. One research 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 presently has a consensus rating of "Moderate Buy" and an average target price of $107.90.

Workiva Price Performance

WK opened at $71.49 on Monday. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of -77.70 and a beta of 0.98. The company's 50 day simple moving average is $73.92 and its two-hundred day simple moving average is $90.05. 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 posted its quarterly earnings results on Thursday, May 1st. The software maker reported $0.14 EPS for the quarter, beating the consensus estimate of $0.07 by $0.07. The company had revenue of $206.28 million during the quarter, compared to analyst estimates of $204.24 million. Workiva's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 EPS. On average, equities analysts anticipate that Workiva Inc. will post -0.92 earnings per share for the current fiscal 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.

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