Jacobs Levy Equity Management Inc. Sells 3,322 Shares of Workiva Inc. $WK

Jacobs Levy Equity Management Inc. reduced its position in Workiva Inc. (NYSE:WK - Free Report) by 3.2% during the first quarter, according to its most recent 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 period. Jacobs Levy Equity Management Inc. owned 0.18% of Workiva worth $7,753,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. EFG Asset Management North America Corp. purchased a new position in shares of Workiva in the 1st quarter worth approximately $2,154,000. Eminence Capital LP purchased a new position in shares of Workiva in the 1st quarter worth approximately $64,903,000. Alliancebernstein L.P. grew its position in Workiva by 1,177.5% during the 1st quarter. Alliancebernstein L.P. now owns 780,130 shares of the software maker's stock worth $59,220,000 after purchasing an additional 719,062 shares during the last quarter. Banque Transatlantique SA purchased a new stake in Workiva during the 1st quarter worth approximately $260,000. Finally, AQR Capital Management LLC grew its position in Workiva by 86.5% during the 1st quarter. AQR Capital Management LLC now owns 84,900 shares of the software maker's stock worth $6,445,000 after purchasing an additional 39,371 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

Workiva Stock Down 1.1%

Shares of Workiva stock traded down $0.89 during trading on Friday, reaching $77.55. 644,989 shares of the company were exchanged, compared to its average volume of 718,362. Workiva Inc. has a twelve month low of $60.50 and a twelve month high of $116.83. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of -64.62 and a beta of 0.88. The business has a 50-day moving average price of $73.92 and a 200-day moving average price of $73.20.

Workiva (NYSE:WK - Get Free Report) last posted its earnings results on Thursday, July 31st. The software maker reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.14. The business had revenue of $215.19 million during the quarter, compared to analyst estimates of $208.92 million. During the same period in the previous year, the firm posted $0.16 earnings per share. The firm's revenue was up 21.2% on a year-over-year basis. Workiva has set its FY 2025 guidance at 1.310-1.380 EPS. Q3 2025 guidance at 0.370-0.410 EPS. On average, equities research analysts forecast that Workiva Inc. will post -0.92 EPS for the current fiscal year.

Analyst Ratings Changes

WK has been the topic of several research analyst reports. Raymond James Financial dropped their target price on shares of Workiva from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. Robert W. Baird set a $105.00 target price on shares of Workiva in a research report on Wednesday, June 25th. Wolfe Research boosted their target price on shares of Workiva from $85.00 to $95.00 and gave the stock an "outperform" rating in a research report on Wednesday. Wall Street Zen raised shares of Workiva from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Citigroup upped their price objective on shares of Workiva from $105.00 to $110.00 and gave the company a "buy" rating in a report on Thursday. Ten research analysts have rated the stock with a Buy rating, According to MarketBeat, Workiva currently has a consensus rating of "Buy" and a consensus target price 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.