10,012 Shares in Workiva Inc. $WK Acquired by Petrus Trust Company LTA

Key Points

• Petrus Trust Company LTA has acquired 10,012 shares of Workiva Inc. valued at approximately $760,000, signaling increased interest from institutional investors in the software company.
• Analysts have varied price targets for Workiva, with Citigroup setting a new target of $105.00, while the average target price remains around $99.22 amidst multiple "buy" ratings.
• Workiva reported a quarterly earnings per share of $0.19, exceeding expectations, with revenue growth of 21.2% year-over-year, reflecting strong performance in its cloud-based reporting solutions.

Petrus Trust Company LTA purchased a new position in Workiva Inc. (NYSE:WK - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 10,012 shares of the software maker's stock, valued at approximately $760,000.

A number of other large investors also recently added to or reduced their stakes in WK. Engle Capital Management L.P. purchased a new position in Workiva in the 4th quarter worth approximately $20,367,000. G2 Investment Partners Management LLC purchased a new position in Workiva in the 4th quarter worth approximately $2,300,000. Investor s Fiduciary Advisor Network LLC purchased a new position in Workiva in the 4th quarter worth approximately $827,000. LMR Partners LLP purchased a new position in Workiva in the 4th quarter worth approximately $16,151,000. Finally, Lazard Asset Management LLC increased its stake in Workiva by 10,282.0% in the 4th quarter. Lazard Asset Management LLC now owns 15,573 shares of the software maker's stock worth $1,705,000 after acquiring an additional 15,423 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Workiva Price Performance

Shares of Workiva stock traded down $4.08 on Tuesday, reaching $77.29. The company had a trading volume of 754,597 shares, compared to its average volume of 751,945. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of -64.41 and a beta of 0.87. The firm's 50-day moving average price is $73.42 and its two-hundred day moving average price is $73.37. Workiva Inc. has a 1 year low of $60.50 and a 1 year high of $116.83.

Workiva (NYSE:WK - Get Free Report) last announced its earnings results on Thursday, July 31st. The software maker reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.14. The company had revenue of $215.19 million during the quarter, compared to analysts' expectations of $208.92 million. During the same quarter last year, the firm posted $0.16 EPS. Workiva's revenue for the quarter 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. As a group, analysts anticipate that Workiva Inc. will post -0.92 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on WK shares. Wall Street Zen raised Workiva from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Citigroup reaffirmed a "buy" rating and issued a $105.00 price objective (down previously from $108.00) on shares of Workiva in a research note on Wednesday, July 16th. Stifel Nicolaus reduced their price objective on Workiva from $100.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. 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. Finally, Robert W. Baird set a $105.00 price objective on Workiva in a research note on Wednesday, June 25th. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Workiva currently has an average rating of "Buy" and a consensus target price of $99.22.

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.