UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $19.87 Million Holdings in Workiva Inc. (NYSE:WK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Workiva Inc. (NYSE:WK - Free Report) by 63.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 181,478 shares of the software maker's stock after selling 308,840 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.33% of Workiva worth $19,872,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted 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 last quarter. SG Americas Securities LLC raised its holdings in shares of Workiva by 141.6% in the 4th quarter. SG Americas Securities LLC now owns 9,341 shares of the software maker's stock valued at $1,023,000 after purchasing an additional 5,475 shares during the period. Conestoga Capital Advisors LLC raised its holdings in shares of Workiva by 13.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,165,019 shares of the software maker's stock valued at $127,570,000 after purchasing an additional 140,310 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Workiva in the 4th quarter valued at about $5,210,000. Finally, Legato Capital Management LLC bought a new position in Workiva during the fourth quarter worth about $226,000. 92.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 10,421 shares of Workiva stock in a transaction on Friday, March 7th. The stock was sold at an average price of $85.43, for a total value of $890,266.03. Following the completion of the transaction, the executive vice president now directly owns 61,298 shares of the company's stock, valued at $5,236,688.14. The trade was a 14.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert H. Herz sold 1,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $88.70, for a total value of $88,700.00. Following the completion of the transaction, the director now owns 34,084 shares in the company, valued at $3,023,250.80. The trade was a 2.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,129 shares of company stock valued at $1,807,333 in the last quarter. Company insiders own 4.05% of the company's stock.

Workiva Price Performance

WK traded up $0.91 during trading on Monday, hitting $68.20. The stock had a trading volume of 695,423 shares, compared to its average volume of 531,069. The company has a 50 day moving average price of $69.70 and a 200-day moving average price of $88.40. Workiva Inc. has a one year low of $60.50 and a one year high of $116.83. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of -74.13 and a beta of 0.98.

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on WK. BMO Capital Markets dropped their price objective on Workiva from $120.00 to $108.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Citigroup boosted their target price on Workiva from $128.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. BNP Paribas began coverage on Workiva in a report on Tuesday, April 22nd. They set an "outperform" rating and a $100.00 price target for the company. Truist Financial reduced their price objective on shares of Workiva from $120.00 to $95.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Finally, Raymond James decreased their price objective on shares of Workiva from $125.00 to $105.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. One investment 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, Workiva currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.30.

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.