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

Harbor Capital Advisors Inc. lifted its holdings in shares of Workiva Inc. (NYSE:WK - Free Report) by 46.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,269 shares of the software maker's stock after purchasing an additional 4,209 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Workiva were worth $1,007,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Truist Financial Corp bought a new stake in Workiva during the 4th quarter worth approximately $211,000. Atria Wealth Solutions Inc. bought a new position in Workiva in the fourth quarter valued at approximately $237,000. Teacher Retirement System of Texas boosted its holdings in shares of Workiva by 29.8% in the fourth quarter. Teacher Retirement System of Texas now owns 7,668 shares of the software maker's stock valued at $840,000 after buying an additional 1,761 shares during the period. GAMMA Investing LLC increased 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 worth $1,602,000 after acquiring an additional 20,856 shares in the last quarter. Finally, King Luther Capital Management Corp raised its holdings in shares of Workiva by 5.7% during the fourth quarter. King Luther Capital Management Corp now owns 70,360 shares of the software maker's stock worth $7,704,000 after acquiring an additional 3,780 shares during the period. Institutional investors and hedge funds own 92.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WK. Truist Financial reduced their target price on shares of Workiva from $120.00 to $95.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Raymond James Financial lowered their price target on shares of Workiva from $125.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Citigroup increased their price objective on shares of Workiva from $128.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. The Goldman Sachs Group dropped their target price on Workiva from $118.00 to $105.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, BMO Capital Markets reduced 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. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Workiva presently has a consensus rating of "Moderate Buy" and an average target price of $106.30.

Workiva Trading Down 1.8%

NYSE:WK traded down $1.21 on Tuesday, hitting $66.60. The company's stock had a trading volume of 463,310 shares, compared to its average volume of 538,444. Workiva Inc. has a one year low of $60.50 and a one year high of $116.83. The stock has a fifty day moving average of $68.98 and a two-hundred day moving average of $86.37. The firm has a market capitalization of $3.71 billion, a P/E ratio of -56.92 and a beta of 0.88.

Workiva (NYSE:WK - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The software maker reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.07. The business had revenue of $206.28 million for the quarter, compared to analyst estimates of $204.24 million. During the same period in the prior year, the business earned $0.22 EPS. The company's revenue for the quarter was up 17.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Workiva Inc. will post -0.92 EPS for the current year.

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.