Kopp Family Office LLC Has $6.90 Million Holdings in Workiva Inc. $WK

Key Points

• Kopp Family Office LLC has reduced its holdings in Workiva Inc. by 9.4%, now owning a total of 100,859 shares valued at approximately $6.90 million.
• Institutional investors collectively hold 92.21% of Workiva's stock, with notable increases from firms such as Harbor Capital Advisors and Intech Investment Management.
• Workiva recently exceeded earnings expectations, reporting $0.19 EPS for the quarter, along with a 21.2% year-over-year revenue growth of $215.19 million.

Kopp Family Office LLC trimmed its position in Workiva Inc. (NYSE:WK - Free Report) by 9.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,859 shares of the software maker's stock after selling 10,469 shares during the quarter. Workiva makes up approximately 4.5% of Kopp Family Office LLC's holdings, making the stock its 9th largest position. Kopp Family Office LLC owned 0.18% of Workiva worth $6,904,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. increased its holdings in shares of Workiva by 20.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 16,021 shares of the software maker's stock valued at $1,097,000 after acquiring an additional 2,752 shares during the last quarter. Rhumbline Advisers grew its stake in Workiva by 4.1% during the 1st quarter. Rhumbline Advisers now owns 74,495 shares of the software maker's stock worth $5,655,000 after buying an additional 2,921 shares during the last quarter. Strs Ohio bought a new position in Workiva during the 1st quarter worth $319,000. Acadian Asset Management LLC bought a new position in Workiva during the 1st quarter worth $3,959,000. Finally, Intech Investment Management LLC grew its stake in Workiva by 46.1% during the 1st quarter. Intech Investment Management LLC now owns 28,118 shares of the software maker's stock worth $2,134,000 after buying an additional 8,866 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

Workiva Stock Performance

Shares of WK stock opened at $83.35 on Wednesday. Workiva Inc. has a 1 year low of $60.50 and a 1 year high of $116.83. The stock has a fifty day moving average of $75.57 and a two-hundred day moving average of $72.88. The firm has a market capitalization of $4.67 billion, a PE ratio of -69.46 and a beta of 0.88.

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

Analysts Set New Price Targets

A number of research analysts recently commented on WK shares. Wall Street Zen upgraded Workiva from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Robert W. Baird set a $105.00 price objective on Workiva in a research note on Wednesday, June 25th. Stifel Nicolaus upped their price objective on Workiva from $85.00 to $92.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. Wolfe Research upped their price objective on Workiva from $85.00 to $95.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 10th. Finally, Citigroup upped their price objective on Workiva from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, September 11th. Ten investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $100.00.

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.

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