Workiva Inc. $WK Position Trimmed by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. decreased its holdings in Workiva Inc. (NYSE:WK - Free Report) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 102,133 shares of the software maker's stock after selling 3,322 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.18% of Workiva worth $7,753,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ raised its position in shares of Workiva by 8.7% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 2,825 shares of the software maker's stock worth $214,000 after purchasing an additional 225 shares during the last quarter. Xponance Inc. increased its position in Workiva by 6.7% during the 1st quarter. Xponance Inc. now owns 3,850 shares of the software maker's stock worth $292,000 after purchasing an additional 241 shares in the last quarter. Bessemer Group Inc. increased 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 purchasing an additional 296 shares in the last quarter. SVB Wealth LLC purchased a new position in Workiva in the first quarter valued at approximately $26,000. Finally, Farther Finance Advisors LLC lifted its position in 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 in the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

Workiva Trading Down 1.2%

WK stock traded down $0.93 during mid-day trading on Friday, hitting $77.52. 186,433 shares of the company were exchanged, compared to its average volume of 699,520. The firm has a fifty day simple moving average of $73.76 and a 200 day simple moving average of $73.35. The company has a market capitalization of $4.34 billion, a PE ratio of -64.60 and a beta of 0.88. Workiva Inc. has a twelve month low of $60.50 and a twelve month 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 EPS for the quarter, topping the consensus estimate of $0.05 by $0.14. The company had revenue of $215.19 million for the quarter, compared to the consensus estimate of $208.92 million. The business's revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 EPS. 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 anticipate that Workiva Inc. will post -0.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WK. Wall Street Zen upgraded shares of Workiva from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Raymond James Financial reduced their price objective on Workiva from $105.00 to $95.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. Stephens reaffirmed an "overweight" rating and issued a $95.00 target price on shares of Workiva in a research report on Thursday, May 22nd. Wolfe Research raised their target price on Workiva from $85.00 to $95.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, Citigroup upped their price target on Workiva from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday. Ten analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $100.00.

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.