Two Sigma Advisers LP Purchases 25,700 Shares of Workiva Inc. (NYSE:WK)

Two Sigma Advisers LP raised its position in Workiva Inc. (NYSE:WK - Free Report) by 155.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,200 shares of the software maker's stock after buying an additional 25,700 shares during the quarter. Two Sigma Advisers LP owned 0.08% of Workiva worth $4,621,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of WK. Twin Tree Management LP acquired a new stake in Workiva in the fourth quarter valued at about $25,000. Johnson Financial Group Inc. acquired a new position in Workiva during the 4th quarter worth about $66,000. GeoWealth Management LLC increased its position in shares of Workiva by 3,010.0% during the fourth quarter. GeoWealth Management LLC now owns 622 shares of the software maker's stock worth $68,000 after buying an additional 602 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Workiva by 14,650.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 885 shares of the software maker's stock valued at $97,000 after acquiring an additional 879 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in Workiva by 8.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker's stock valued at $159,000 after acquiring an additional 116 shares during the period. 92.21% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Brandon Ziegler sold 4,115 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $85.72, for a total value of $352,737.80. Following the transaction, the chief accounting officer now owns 103,509 shares in the company, valued at approximately $8,872,791.48. This trade represents a 3.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jill Klindt sold 5,593 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $85.04, for a total transaction of $475,628.72. Following the sale, the chief financial officer now owns 119,054 shares of the company's stock, valued at approximately $10,124,352.16. This represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,129 shares of company stock valued at $1,807,333 over the last 90 days. Insiders own 4.05% of the company's stock.

Workiva Stock Performance

WK stock traded up $0.05 during midday trading on Friday, reaching $66.87. 135,156 shares of the company's stock traded hands, compared to its average volume of 527,449. Workiva Inc. has a 52 week low of $60.50 and a 52 week high of $116.83. The company has a 50-day moving average price of $70.39 and a two-hundred day moving average price of $88.81. The firm has a market capitalization of $3.73 billion, a PE ratio of -72.78 and a beta of 0.98.

Workiva (NYSE:WK - Get Free Report) last posted its earnings results on Thursday, May 1st. The software maker reported $0.14 EPS for the quarter, topping the consensus estimate of $0.07 by $0.07. The business had revenue of $206.28 million for the quarter, compared to analysts' expectations of $204.24 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. Workiva's quarterly revenue was up 17.4% compared to the same quarter last year. As a group, analysts predict that Workiva Inc. will post -0.92 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on WK. Stephens reissued an "overweight" rating and set a $95.00 target price on shares of Workiva in a research report on Thursday, May 22nd. Citigroup boosted their price objective on Workiva from $128.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. BMO Capital Markets reduced their price objective on Workiva from $120.00 to $108.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Raymond James lowered their target price on Workiva from $125.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Finally, BNP Paribas assumed coverage on shares of Workiva in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $100.00 price target for the company. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $106.30.

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.