Workiva Inc. (NYSE:WK) Stock Holdings Increased by Lazard Asset Management LLC

Lazard Asset Management LLC boosted its position in Workiva Inc. (NYSE:WK - Free Report) by 10,282.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,573 shares of the software maker's stock after buying an additional 15,423 shares during the quarter. Lazard Asset Management LLC's holdings in Workiva were worth $1,705,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in 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 acquiring an additional 70,820 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in 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 acquiring an additional 200,220 shares during the period. Conestoga Capital Advisors LLC boosted its stake in Workiva by 13.7% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,165,019 shares of the software maker's stock valued at $127,570,000 after acquiring an additional 140,310 shares during the period. First Trust Advisors LP boosted its stake in Workiva by 3.0% in the fourth quarter. First Trust Advisors LP now owns 824,219 shares of the software maker's stock valued at $90,252,000 after acquiring an additional 24,172 shares during the period. Finally, Loomis Sayles & Co. L P boosted its stake in Workiva by 11.8% in the fourth quarter. Loomis Sayles & Co. L P now owns 814,582 shares of the software maker's stock valued at $89,197,000 after acquiring an additional 86,207 shares during the period. 92.21% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Michael D. Hawkins sold 10,421 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $85.43, for a total transaction of $890,266.03. Following the completion of the sale, the executive vice president now owns 61,298 shares in the company, valued at approximately $5,236,688.14. This represents a 14.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert H. Herz sold 1,000 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $88.70, for a total value of $88,700.00. Following the sale, the director now owns 34,084 shares of the company's stock, valued at $3,023,250.80. This trade represents a 2.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,129 shares of company stock worth $1,807,333 over the last ninety days. Company insiders own 3.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WK. BMO Capital Markets decreased 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. Truist Financial decreased their price objective on 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 decreased their price objective on 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 price objective on Workiva from $128.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Finally, Raymond James decreased their price objective on Workiva from $125.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. One equities research 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $107.90.

Workiva Price Performance

WK opened at $71.49 on Monday. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of -77.70 and a beta of 0.98. Workiva Inc. has a 1-year low of $60.50 and a 1-year high of $116.83. The business has a 50 day moving average price of $73.92 and a two-hundred day moving average price of $90.05.

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

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