Praesidium Investment Management Company LLC Invests $4.62 Million in Workiva Inc. $WK

Key Points

• Praesidium Investment Management acquired 95,218 Workiva shares worth approximately $4.62 million, while institutional investors collectively own 92.21% of the company.
• Workiva exceeded quarterly expectations, reporting $0.77 EPS versus the $0.64 consensus and $255.29 million in revenue, up 18.6% year over year.
• Shares traded at $78.70, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $86.83; however, one executive recently sold nearly $499,000 worth of stock.

Praesidium Investment Management Company LLC acquired a new stake in shares of Workiva Inc. (NYSE:WK - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 95,218 shares of the software maker's stock, valued at approximately $4,619,025. Workiva accounts for 0.0% of Praesidium Investment Management Company LLC's portfolio, making the stock its 12th biggest holding. Praesidium Investment Management Company LLC owned 0.17% of Workiva as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of WK. Hawk Ridge Capital Management LP purchased a new stake in shares of Workiva during the first quarter worth approximately $65,091,000. Hotchkis & Wiley Capital Management LLC bought a new position in Workiva during the third quarter worth about $88,289,000. Norges Bank acquired a new position in shares of Workiva during the 4th quarter worth about $53,375,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Workiva by 88.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,109,646 shares of the software maker's stock worth $66,168,000 after purchasing an additional 520,839 shares during the last quarter. Finally, Barclays PLC raised its stake in Workiva by 531.6% during the fourth quarter. Barclays PLC now owns 582,586 shares of the software maker's stock worth $50,248,000 after acquiring an additional 490,351 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Workiva Stock Performance

WK stock traded up $1.10 during trading on Friday, reaching $78.70. The company had a trading volume of 1,576,241 shares, compared to its average volume of 989,104. The firm has a 50-day simple moving average of $59.25 and a 200-day simple moving average of $57.00. Workiva Inc. has a twelve month low of $43.34 and a twelve month high of $97.10. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 95.98 and a beta of 0.46.

Workiva (NYSE:WK - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.13. Workiva had a net margin of 4.87% and a negative return on equity of 140.17%. The business had revenue of $255.29 million for the quarter, compared to analyst estimates of $251.16 million. During the same period in the previous year, the business posted $0.19 earnings per share. The business's revenue was up 18.6% compared to the same quarter last year. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. Sell-side analysts expect that Workiva Inc. will post 1.31 earnings per share for the current year.

Insider Activity

In other news, EVP Brandon Ziegler sold 6,571 shares of Workiva stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $75.97, for a total value of $499,198.87. Following the transaction, the executive vice president owned 126,216 shares in the company, valued at approximately $9,588,629.52. This trade represents a 4.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Weiss Ratings upgraded Workiva from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, August 6th. BTIG Research decreased their price objective on Workiva from $80.00 to $70.00 and set a "buy" rating for the company in a research note on Wednesday, August 5th. Raymond James Financial reiterated an "outperform" rating and issued a $85.00 price target on shares of Workiva in a report on Wednesday, May 6th. Robert W. Baird set a $74.00 price target on Workiva in a research report on Wednesday, May 6th. Finally, Stephens restated an "overweight" rating and issued a $68.00 target price on shares of Workiva in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $86.83.

Workiva Profile

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.

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