9,198 Shares in Workiva Inc. $WK Purchased by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. acquired a new stake in Workiva Inc. by purchasing 9,198 shares valued at approximately $698,000 during the first quarter.
• Workiva reported a 21.2% year-over-year revenue increase with earnings of $0.19 per share, surpassing analysts’ expectations.
• Several brokerages have adjusted their price targets for Workiva, with an average consensus price target of $99.22, reflecting a generally robust outlook for the stock.

Fox Run Management L.L.C. bought a new position in Workiva Inc. (NYSE:WK - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 9,198 shares of the software maker's stock, valued at approximately $698,000.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in shares of Workiva by 705.9% during the first quarter. Farther Finance Advisors LLC now owns 411 shares of the software maker's stock valued at $31,000 after buying an additional 360 shares during the last quarter. Bayforest Capital Ltd purchased a new stake in Workiva during the 1st quarter valued at about $39,000. Harbour Investments Inc. bought a new position in Workiva during the 1st quarter worth approximately $39,000. Bessemer Group Inc. grew its position in Workiva by 109.2% during the 1st quarter. Bessemer Group Inc. now owns 567 shares of the software maker's stock worth $43,000 after acquiring an additional 296 shares during the last quarter. Finally, Global Wealth Strategies & Associates purchased a new position in Workiva in the 1st quarter worth approximately $53,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Workiva Stock Performance

Shares of NYSE WK traded up $2.1850 during mid-day trading on Friday, hitting $79.0150. 355,009 shares of the stock traded hands, compared to its average volume of 691,970. The company has a market cap of $4.43 billion, a price-to-earnings ratio of -65.82 and a beta of 0.86. The stock has a fifty day moving average price of $70.08 and a 200-day moving average price of $74.73. 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 issued its quarterly earnings results on Thursday, July 31st. The software maker reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.14. The business had revenue of $215.19 million during the quarter, compared to the consensus estimate of $208.92 million. During the same quarter in the previous year, the business earned $0.16 earnings per share. The firm's 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. As a group, sell-side analysts predict that Workiva Inc. will post -0.92 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on WK shares. Stephens reissued an "overweight" rating and set a $95.00 price objective on shares of Workiva in a research note on Thursday, May 22nd. Robert W. Baird set a $105.00 price target on shares of Workiva in a research report on Wednesday, June 25th. Raymond James Financial cut their price target on shares of Workiva from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Stifel Nicolaus lowered their price objective on shares of Workiva from $100.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Finally, Citigroup reiterated a "buy" rating and set a $105.00 target price (down from $108.00) on shares of Workiva in a report on Wednesday, July 16th. Nine analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently 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.