Squarepoint Ops LLC Purchases 655,396 Shares of Workiva Inc. $WK

Key Points

• Squarepoint Ops LLC more than doubled its Workiva stake in the second quarter, buying 655,396 additional shares for a total holding of 1.25 million shares valued at approximately $60.5 million. Institutional investors collectively own 92.21% of Workiva.
• Analysts maintain a generally positive outlook, with Workiva receiving a consensus “Moderate Buy” rating and an average price target of $88.58, despite some recent target reductions.
• Workiva exceeded quarterly expectations, reporting $0.77 in earnings per share versus a $0.64 estimate and $255.29 million in revenue, up 18.6% year over year. The stock opened at $73.68, while an executive separately sold roughly $499,000 worth of shares.

Squarepoint Ops LLC increased its position in Workiva Inc. (NYSE:WK - Free Report) by 110.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,247,400 shares of the software maker's stock after purchasing an additional 655,396 shares during the quarter. Squarepoint Ops LLC owned approximately 2.22% of Workiva worth $60,511,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in WK. LPL Financial LLC raised its holdings in Workiva by 0.9% in the fourth quarter. LPL Financial LLC now owns 20,475 shares of the software maker's stock worth $1,766,000 after purchasing an additional 185 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Workiva by 82.3% during the 3rd quarter. Allworth Financial LP now owns 412 shares of the software maker's stock valued at $35,000 after buying an additional 186 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of Workiva by 1.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 16,095 shares of the software maker's stock worth $781,000 after buying an additional 200 shares during the period. King Luther Capital Management Corp grew its position in shares of Workiva by 0.3% in the 4th quarter. King Luther Capital Management Corp now owns 80,083 shares of the software maker's stock worth $6,907,000 after buying an additional 248 shares during the period. Finally, Arizona State Retirement System increased its stake in shares of Workiva by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 13,953 shares of the software maker's stock worth $677,000 after acquiring an additional 254 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WK. Stifel Nicolaus set a $95.00 price target on shares of Workiva in a research report on Thursday, August 27th. Zacks Research upgraded shares of Workiva from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 11th. BTIG Research decreased their target price on shares of Workiva from $80.00 to $70.00 and set a "buy" rating for the company in a research note on Wednesday, August 5th. Stephens reaffirmed an "overweight" rating and set a $68.00 target price on shares of Workiva in a research note on Tuesday, May 26th. Finally, Wall Street Zen lowered shares of Workiva from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $88.58.

Workiva Trading Down 3.7%

NYSE WK opened at $73.68 on Wednesday. Workiva Inc. has a 12 month low of $43.34 and a 12 month high of $97.10. The stock's fifty day moving average price is $63.96 and its 200-day moving average price is $57.78. The stock has a market cap of $4.13 billion, a P/E ratio of 89.85 and a beta of 0.49.

Workiva (NYSE:WK - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.13. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%.The firm had revenue of $255.29 million during the quarter, compared to analyst estimates of $251.16 million. During the same quarter in the previous year, the firm earned $0.19 EPS. Workiva's quarterly 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. As a group, analysts forecast that Workiva Inc. will post 1.31 earnings per share for the current fiscal year.

Insider Transactions at Workiva

In other news, EVP Brandon Ziegler sold 6,571 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The shares were 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 represents a 4.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 4.77% of the company's stock.

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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