34,492 Shares in Workiva Inc. (NYSE:WK) Acquired by Goodman Advisory Group LLC

Goodman Advisory Group LLC purchased a new stake in Workiva Inc. (NYSE:WK - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 34,492 shares of the software maker's stock, valued at approximately $2,618,000. Workiva accounts for 1.2% of Goodman Advisory Group LLC's portfolio, making the stock its 21st biggest holding. Goodman Advisory Group LLC owned about 0.06% of Workiva at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Twin Tree Management LP purchased a new stake in shares of Workiva during the fourth quarter valued at about $25,000. Farther Finance Advisors LLC raised its stake in shares of Workiva by 705.9% during the 1st quarter. Farther Finance Advisors LLC now owns 411 shares of the software maker's stock worth $31,000 after acquiring an additional 360 shares in the last quarter. Bessemer Group Inc. lifted its position in Workiva by 109.2% during the first quarter. Bessemer Group Inc. now owns 567 shares of the software maker's stock valued at $43,000 after acquiring an additional 296 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in Workiva in the fourth quarter valued at approximately $66,000. Finally, GeoWealth Management LLC grew its holdings in Workiva by 3,010.0% in the fourth quarter. GeoWealth Management LLC now owns 622 shares of the software maker's stock worth $68,000 after purchasing an additional 602 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

Workiva Trading Down 0.6%

WK traded down $0.44 on Wednesday, reaching $67.84. The stock had a trading volume of 340,811 shares, compared to its average volume of 535,987. The business's 50-day moving average price is $68.74 and its two-hundred day moving average price is $83.92. Workiva Inc. has a 12-month low of $60.50 and a 12-month high of $116.83. The company has a market cap of $3.78 billion, a P/E ratio of -57.98 and a beta of 0.86.

Workiva (NYSE:WK - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The software maker reported $0.14 earnings per share for the quarter, topping 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. During the same quarter in the prior year, the company posted $0.22 earnings per share. The business's revenue was up 17.4% on a year-over-year basis. As a group, analysts predict that Workiva Inc. will post -0.92 earnings per share for the current year.

Analysts Set New Price Targets

WK has been the topic of several recent analyst reports. Stifel Nicolaus reduced their target price on Workiva from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. The Goldman Sachs Group decreased their price objective 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. Stephens restated 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 lowered their price objective on shares of Workiva from $125.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, BNP Paribas started coverage on Workiva in a research report on Tuesday, April 22nd. They issued an "outperform" rating and a $100.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, Workiva has an average rating of "Moderate Buy" and an average target price of $103.80.

About Workiva

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.