Harbor Capital Advisors Inc. Purchases 4,209 Shares of Workiva Inc. (NYSE:WK)

Harbor Capital Advisors Inc. boosted its position in Workiva Inc. (NYSE:WK - Free Report) by 46.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 13,269 shares of the software maker's stock after purchasing an additional 4,209 shares during the period. Harbor Capital Advisors Inc.'s holdings in Workiva were worth $1,007,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of WK. Twin Tree Management LP acquired a new stake in Workiva in the 4th quarter valued at about $25,000. Farther Finance Advisors LLC raised its holdings in Workiva by 705.9% in the 1st quarter. Farther Finance Advisors LLC now owns 411 shares of the software maker's stock valued at $31,000 after acquiring an additional 360 shares during the period. Global Wealth Strategies & Associates bought a new position in Workiva in the 1st quarter valued at about $53,000. Johnson Financial Group Inc. bought a new position in Workiva in the 4th quarter valued at about $66,000. Finally, GeoWealth Management LLC raised its holdings in Workiva by 3,010.0% in the 4th quarter. GeoWealth Management LLC now owns 622 shares of the software maker's stock valued at $68,000 after acquiring an additional 602 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WK. BNP Paribas began coverage on shares of Workiva in a report on Tuesday, April 22nd. They issued an "outperform" rating and a $100.00 price target on the stock. BMO Capital Markets lowered their price target on shares of Workiva from $120.00 to $108.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. The Goldman Sachs Group lowered their price target on shares of Workiva from $118.00 to $105.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Truist Financial lowered their price target on shares of Workiva from $120.00 to $95.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Finally, Raymond James lowered their price target on shares of Workiva from $125.00 to $105.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.30.

Workiva Stock Down 1.6%

Shares of WK traded down $1.10 during mid-day trading on Friday, hitting $65.70. 414,863 shares of the company's stock were exchanged, compared to its average volume of 537,407. Workiva Inc. has a 52 week low of $60.50 and a 52 week high of $116.83. The stock's 50-day simple moving average is $68.90 and its 200-day simple moving average is $86.79. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of -71.41 and a beta of 0.88.

Workiva (NYSE:WK - Get Free Report) last announced its earnings results on Thursday, May 1st. The software maker reported $0.14 EPS for the quarter, topping the consensus estimate of $0.07 by $0.07. The business had revenue of $206.28 million for the quarter, compared to the consensus estimate of $204.24 million. During the same period in the prior year, the business posted $0.22 earnings per share. The firm's revenue for the quarter was up 17.4% compared to the same quarter last year. Analysts forecast 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.