Free Trial

D. E. Shaw & Co. Inc. Reduces Position in Workiva Inc. (NYSE:WK)

Workiva logo with Computer and Technology background

D. E. Shaw & Co. Inc. cut its stake in Workiva Inc. (NYSE:WK - Free Report) by 86.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,511 shares of the software maker's stock after selling 102,562 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Workiva were worth $1,698,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of WK. Balyasny Asset Management L.P. raised its holdings in shares of Workiva by 11.0% in the fourth 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 during the last quarter. Aristeia Capital L.L.C. bought a new stake in Workiva in the 4th quarter worth about $8,957,000. Aequim Alternative Investments LP bought a new stake in Workiva in the 4th quarter worth about $2,431,000. Untitled Investments LP purchased a new stake in Workiva in the 4th quarter valued at about $7,648,000. Finally, Northern Trust Corp lifted its position 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 in the last quarter. Institutional investors own 92.21% of the company's stock.

Insider Buying and Selling at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 10,421 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $85.43, for a total transaction of $890,266.03. Following the sale, the executive vice president now owns 61,298 shares in the company, valued at $5,236,688.14. This trade represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert H. Herz sold 1,000 shares of Workiva stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $88.70, for a total value of $88,700.00. Following 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 disclosure for this sale can be found here. Insiders sold 21,129 shares of company stock valued at $1,807,333 in the last quarter. 4.05% of the stock is currently owned by corporate insiders.

Workiva Stock Performance

Workiva stock traded down $0.05 during mid-day trading on Tuesday, reaching $67.11. The company's stock had a trading volume of 361,657 shares, compared to its average volume of 528,409. The firm's fifty day moving average price is $71.22 and its two-hundred day moving average price is $89.16. Workiva Inc. has a 12-month low of $60.50 and a 12-month high of $116.83. The company has a market capitalization of $3.74 billion, a P/E ratio of -72.95 and a beta of 0.98.

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, topping analysts' consensus estimates of $0.07 by $0.07. The company had revenue of $206.28 million during the quarter, compared to the consensus estimate of $204.24 million. During the same period in the previous year, the business earned $0.22 earnings per share. Workiva's revenue was up 17.4% on a year-over-year basis. On average, research analysts predict that Workiva Inc. will post -0.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on WK shares. BMO Capital Markets decreased their price target on Workiva from $120.00 to $108.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Stephens reaffirmed an "overweight" rating and set a $95.00 target price on shares of Workiva in a research report on Thursday, May 22nd. Truist Financial lowered their target price on Workiva from $120.00 to $95.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. The Goldman Sachs Group reduced their price target on shares of Workiva from $118.00 to $105.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, Stifel Nicolaus decreased their price objective on shares of Workiva from $120.00 to $100.00 and set a "buy" rating for the company in a report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Workiva currently has an average rating of "Moderate Buy" and a consensus price target of $106.30.

Get Our Latest Stock Analysis on Workiva

Workiva Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Workiva (NYSE:WK)

Should You Invest $1,000 in Workiva Right Now?

Before you consider Workiva, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Workiva wasn't on the list.

While Workiva currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 "Recession Proof" Stocks That Will Thrive in Any Market Cover

Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA Earnings Preview: HUGE Stock Move Ahead
These 5 Small Stocks Could Deliver Huge Returns
ACT FAST! Congress Is POURING Into This Stock

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines