Voloridge Investment Management LLC Has $7.10 Million Holdings in Workiva Inc. (NYSE:WK)

Voloridge Investment Management LLC decreased its stake in Workiva Inc. (NYSE:WK - Free Report) by 27.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,796 shares of the software maker's stock after selling 24,532 shares during the period. Voloridge Investment Management LLC owned 0.12% of Workiva worth $7,095,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in WK. Vanguard Group Inc. lifted its holdings in shares of Workiva by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 5,800,074 shares of the software maker's stock valued at $635,108,000 after purchasing an additional 70,820 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Workiva by 10.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,148,021 shares of the software maker's stock valued at $235,209,000 after purchasing an additional 200,220 shares in the last quarter. Conestoga Capital Advisors LLC lifted its holdings in Workiva by 13.7% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,165,019 shares of the software maker's stock worth $127,570,000 after acquiring an additional 140,310 shares during the period. First Trust Advisors LP lifted its holdings in Workiva by 3.0% during the fourth quarter. First Trust Advisors LP now owns 824,219 shares of the software maker's stock worth $90,252,000 after acquiring an additional 24,172 shares during the period. Finally, Loomis Sayles & Co. L P lifted its holdings in Workiva by 11.8% during the fourth quarter. Loomis Sayles & Co. L P now owns 814,582 shares of the software maker's stock worth $89,197,000 after acquiring an additional 86,207 shares during the period. Institutional investors and hedge funds own 92.21% of the company's stock.

Analysts Set New Price Targets

WK has been the subject of several research reports. BMO Capital Markets cut their target price on Workiva from $120.00 to $108.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Stifel Nicolaus cut their price target on Workiva from $120.00 to $100.00 and set a "buy" rating for the company in a report on Friday, May 2nd. The Goldman Sachs Group reduced their target price on shares of Workiva from $118.00 to $105.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Raymond James lowered their price target on Workiva from $125.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Stephens reaffirmed an "overweight" rating and issued a $95.00 price target on shares of Workiva in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $106.30.

Insider Buying and Selling

In other news, EVP Michael D. Hawkins sold 10,421 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $85.43, for a total transaction of $890,266.03. Following the transaction, the executive vice president now owns 61,298 shares in the company, valued at approximately $5,236,688.14. The trade was a 14.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert H. Herz sold 1,000 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $88.70, for a total transaction of $88,700.00. Following the transaction, the director now owns 34,084 shares in the company, valued at approximately $3,023,250.80. The trade was a 2.85% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,129 shares of company stock valued at $1,807,333. Company insiders own 4.05% of the company's stock.

Workiva Trading Up 0.4%

Shares of NYSE:WK traded up $0.28 during trading on Friday, hitting $67.10. 154,977 shares of the stock were exchanged, compared to its average volume of 527,528. The company has a fifty day moving average price of $70.39 and a two-hundred day moving average price of $88.81. The company has a market cap of $3.74 billion, a PE ratio of -73.06 and a beta of 0.98. Workiva Inc. has a 12-month low of $60.50 and a 12-month high of $116.83.

Workiva (NYSE:WK - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The software maker reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.07. The company had revenue of $206.28 million during the quarter, compared to analyst estimates of $204.24 million. The firm's revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.22 earnings per share. Equities research analysts anticipate that Workiva Inc. will post -0.92 earnings per share for the current fiscal year.

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.