Dynamic Technology Lab Private Ltd Buys New Shares in Workiva Inc. $WK

Key Points

• Dynamic Technology Lab Private Ltd has recently acquired 31,030 shares of Workiva Inc., representing a value of approximately $2.36 million, according to a recent 13F filing.
• Workiva's stock has seen a 5.0% increase and the company reported a quarterly earnings per share (EPS) of $0.19, surpassing analysts' estimates by $0.14.
• Despite fluctuations in price targets from various analysts, Workiva remains rated as a "Buy" on average, with a consensus target price of $99.22.

Dynamic Technology Lab Private Ltd bought a new stake in shares of Workiva Inc. (NYSE:WK - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 31,030 shares of the software maker's stock, valued at approximately $2,356,000. Dynamic Technology Lab Private Ltd owned approximately 0.06% of Workiva as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Bessemer Group Inc. lifted its stake in Workiva by 109.2% in the 1st quarter. Bessemer Group Inc. now owns 567 shares of the software maker's stock worth $43,000 after purchasing an additional 296 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Workiva during the first quarter valued at about $877,000. GAMMA Investing LLC grew its position in shares of Workiva by 8,443.7% during the first quarter. GAMMA Investing LLC now owns 21,103 shares of the software maker's stock valued at $1,602,000 after purchasing an additional 20,856 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Workiva by 1.9% during the first quarter. Janney Montgomery Scott LLC now owns 19,596 shares of the software maker's stock valued at $1,488,000 after purchasing an additional 371 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Workiva by 4.1% during the first quarter. Rhumbline Advisers now owns 74,495 shares of the software maker's stock valued at $5,655,000 after purchasing an additional 2,921 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Workiva Stock Up 5.0%

Workiva stock opened at $79.86 on Friday. The company has a market cap of $4.47 billion, a price-to-earnings ratio of -66.55 and a beta of 0.88. The firm's fifty day moving average is $72.98 and its 200 day moving average is $73.46. Workiva Inc. has a 52-week low of $60.50 and a 52-week high of $116.83.

Workiva (NYSE:WK - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The software maker reported $0.19 EPS for the quarter, topping the consensus estimate of $0.05 by $0.14. The firm had revenue of $215.19 million for the quarter, compared to analysts' expectations of $208.92 million. The firm's quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 earnings per share. Workiva has set its FY 2025 guidance at 1.310-1.380 EPS. Q3 2025 guidance at 0.370-0.410 EPS. On average, equities research analysts anticipate that Workiva Inc. will post -0.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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