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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position 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 Securities & Exchange Commission. The firm owned 181,478 shares of the software maker's stock after selling 308,840 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.33% of Workiva worth $19,872,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Twin Tree Management LP bought a new stake in Workiva during the fourth quarter worth about $25,000. Johnson Financial Group Inc. bought a new position in shares of Workiva in the fourth quarter worth about $66,000. GeoWealth Management LLC lifted its holdings in shares of Workiva by 3,010.0% in the fourth quarter. GeoWealth Management LLC now owns 622 shares of the software maker's stock worth $68,000 after acquiring an additional 602 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Workiva by 14,650.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 885 shares of the software maker's stock worth $97,000 after acquiring an additional 879 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Workiva by 8.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker's stock worth $159,000 after acquiring an additional 116 shares during the last quarter. Institutional investors own 92.21% of the company's stock.

Workiva Price Performance

NYSE WK traded up $0.36 during trading hours on Friday, reaching $67.18. The company's stock had a trading volume of 455,992 shares, compared to its average volume of 530,347. The firm has a fifty day simple moving average of $70.00 and a 200-day simple moving average of $88.60. The stock has a market cap of $3.74 billion, a P/E ratio of -73.02 and a beta of 0.98. Workiva Inc. has a 52 week low of $60.50 and a 52 week high of $116.83.

Workiva (NYSE:WK - Get Free Report) last issued its quarterly earnings data 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. The firm's quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.22 EPS. On average, research analysts expect that Workiva Inc. will post -0.92 earnings per share for the current year.

Insider Activity at Workiva

In other Workiva news, Director Robert H. Herz sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $88.70, for a total transaction of $88,700.00. Following the completion of the transaction, the director now owns 34,084 shares in the company, valued at approximately $3,023,250.80. This trade represents a 2.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Brandon Ziegler sold 4,115 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $85.72, for a total transaction of $352,737.80. Following the transaction, the chief accounting officer now owns 103,509 shares of the company's stock, valued at approximately $8,872,791.48. The trade was a 3.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,129 shares of company stock worth $1,807,333 in the last quarter. 4.05% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WK. Raymond James dropped their target price on shares of Workiva from $125.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Truist Financial dropped their target price on shares of Workiva from $120.00 to $95.00 and set a "buy" rating for the company in a report on Monday, April 7th. The Goldman Sachs Group dropped 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. Citigroup increased their target price on shares of Workiva from $128.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Finally, Stephens reissued an "overweight" rating and issued a $95.00 target price on shares of Workiva in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $106.30.

About Workiva

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.