ProShare Advisors LLC Sells 5,254 Shares of Workiva Inc. (NYSE:WK)

ProShare Advisors LLC reduced its stake in shares of Workiva Inc. (NYSE:WK - Free Report) by 26.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,584 shares of the software maker's stock after selling 5,254 shares during the period. ProShare Advisors LLC's holdings in Workiva were worth $1,597,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other Workiva news, CAO Brandon Ziegler sold 4,115 shares of the company'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 represents a 3.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert H. Herz sold 1,000 shares of the company's stock in a transaction on Friday, March 14th. The stock was 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 directly owns 34,084 shares in the company, valued at $3,023,250.80. This trade represents a 2.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,129 shares of company stock valued at $1,807,333 over the last three months. Company insiders own 4.05% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on WK shares. Citigroup lifted their target price on shares of Workiva from $128.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. BMO Capital Markets reduced their price target on Workiva from $120.00 to $108.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. BNP Paribas initiated coverage on Workiva in a report on Tuesday, April 22nd. They issued an "outperform" rating and a $100.00 price target for the company. Stephens reiterated an "overweight" rating and set a $95.00 price objective on shares of Workiva in a research note on Thursday, May 22nd. Finally, Stifel Nicolaus decreased their target price on shares of Workiva from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, Workiva presently has an average rating of "Moderate Buy" and a consensus price target of $106.30.

Workiva Stock Up 0.2%

NYSE:WK traded up $0.16 during trading hours on Tuesday, reaching $67.32. 63,949 shares of the stock were exchanged, compared to its average volume of 527,243. The stock has a market capitalization of $3.75 billion, a P/E ratio of -73.29 and a beta of 0.98. The firm has a 50 day simple moving average of $71.64 and a 200-day simple moving average of $89.31. 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 released its quarterly earnings data on Thursday, May 1st. The software maker reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.07. The business had revenue of $206.28 million during the quarter, compared to analyst estimates of $204.24 million. During the same period in the prior year, the firm earned $0.22 EPS. The business's revenue for the quarter was up 17.4% compared to the same quarter last year. As a group, analysts expect that Workiva Inc. will post -0.92 earnings per share for the current 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.