Workiva Inc. $WK Shares Bought by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in Workiva Inc. by 2.5% during Q1, holding approximately 10.59% of the company with a total value of $451.09 million.
• Workiva reported earnings of $0.19 EPS for the quarter, exceeding estimates, with a revenue of $215.19 million, marking a year-over-year growth of 21.2%.
• The consensus rating for Workiva's stock is currently "Buy" with an average price target of $99.22, as indicated by multiple analysts.

Vanguard Group Inc. lifted its position in shares of Workiva Inc. (NYSE:WK - Free Report) by 2.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,942,371 shares of the software maker's stock after purchasing an additional 142,297 shares during the period. Vanguard Group Inc. owned about 10.59% of Workiva worth $451,085,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WK. Farther Finance Advisors LLC increased its position in shares of Workiva by 705.9% during the first quarter. Farther Finance Advisors LLC now owns 411 shares of the software maker's stock worth $31,000 after purchasing an additional 360 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in Workiva in the 1st quarter valued at approximately $39,000. Harbour Investments Inc. purchased a new stake in Workiva in the 1st quarter valued at approximately $39,000. Bessemer Group Inc. boosted its holdings in Workiva by 109.2% in the 1st quarter. Bessemer Group Inc. now owns 567 shares of the software maker's stock valued at $43,000 after purchasing an additional 296 shares in the last quarter. Finally, Global Wealth Strategies & Associates purchased a new stake in Workiva in the 1st quarter valued at approximately $53,000. Institutional investors and hedge funds own 92.21% of the company's stock.

Workiva Stock Down 0.9%

Shares of Workiva stock traded down $0.6670 during trading on Wednesday, hitting $76.4230. 634,936 shares of the company were exchanged, compared to its average volume of 919,331. Workiva Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $116.83. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of -63.69 and a beta of 0.86. The firm has a 50 day moving average price of $69.88 and a 200 day moving average price of $74.87.

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

Wall Street Analysts Forecast Growth

WK has been the topic of a number of analyst reports. BNP Paribas initiated coverage on Workiva in a report on Tuesday, April 22nd. They issued an "outperform" rating and a $100.00 price objective on the stock. Wall Street Zen raised Workiva from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Raymond James Financial decreased their price target on Workiva from $105.00 to $95.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. Stephens reissued an "overweight" rating and set a $95.00 price target on shares of Workiva in a research note on Thursday, May 22nd. Finally, Robert W. Baird set a $105.00 price target on Workiva in a research note on Wednesday, June 25th. Nine equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $99.22.

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.