Workiva Inc. $WK Shares Bought by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Workiva stake by 154% in the third quarter, acquiring 147,917 additional shares and bringing its holdings to 243,991 shares valued at approximately $16.2 million. Institutional investors collectively own 92.21% of Workiva.
• Workiva reported quarterly EPS of $0.77, exceeding the $0.64 consensus estimate, while revenue rose 18.6% year over year to $255.29 million. The stock opened at $75.48, with a market capitalization of approximately $4.24 billion.
• Analyst sentiment remains favorable, with nine Buy ratings, one Hold and one Sell; Workiva has a consensus rating of Moderate Buy and an average price target of $87.00. An executive vice president separately sold 6,571 shares, while insiders retain 4.77% ownership.

Assenagon Asset Management S.A. boosted its position in Workiva Inc. (NYSE:WK - Free Report) by 154.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 243,991 shares of the software maker's stock after acquiring an additional 147,917 shares during the period. Assenagon Asset Management S.A. owned 0.43% of Workiva worth $16,242,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WK. State of Alaska Department of Revenue lifted its stake in Workiva by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 2,423 shares of the software maker's stock valued at $161,000 after buying an additional 164 shares in the last quarter. Handelsbanken Fonder AB lifted its position in shares of Workiva by 1.3% in the second quarter. Handelsbanken Fonder AB now owns 16,095 shares of the software maker's stock valued at $781,000 after acquiring an additional 200 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Workiva by 43.8% in the third quarter. Farther Finance Advisors LLC now owns 732 shares of the software maker's stock valued at $49,000 after acquiring an additional 223 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Workiva by 1.9% in the second quarter. Arizona State Retirement System now owns 13,953 shares of the software maker's stock valued at $677,000 after acquiring an additional 254 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of Workiva by 60.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 810 shares of the software maker's stock valued at $70,000 after acquiring an additional 306 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Workiva Stock Performance

NYSE WK opened at $75.48 on Monday. The company's 50 day moving average price is $72.89 and its 200 day moving average price is $59.92. Workiva Inc. has a one year low of $43.34 and a one year high of $97.10. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 92.06 and a beta of 0.53.

Workiva (NYSE:WK - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.13. The firm had revenue of $255.29 million during the quarter, compared to the consensus estimate of $251.16 million. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%. The firm's quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 EPS. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. Sell-side analysts forecast that Workiva Inc. will post 1.31 EPS for the current fiscal year.

Insider Activity at Workiva

In other news, EVP Brandon Ziegler sold 6,571 shares of the company's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $75.97, for a total value of $499,198.87. Following the completion of the transaction, the executive vice president directly owned 126,216 shares in the company, valued at approximately $9,588,629.52. This represents a 4.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.77% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on WK. Wall Street Zen upgraded Workiva from a "buy" rating to a "strong-buy" rating in a research report on Sunday. Citigroup restated a "buy" rating on shares of Workiva in a report on Thursday, August 6th. Zacks Research cut shares of Workiva from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. BTIG Research set a $85.00 price objective on Workiva in a research report on Wednesday, September 16th. Finally, Robert W. Baird upped their target price on Workiva from $95.00 to $105.00 and gave the company an "outperform" rating in a research note on Wednesday, September 16th. Nine research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Workiva presently has a consensus rating of "Moderate Buy" and a consensus target price of $87.00.

Workiva Company Profile

Workiva Inc is a cloud-based software company that helps organizations manage complex reporting, compliance and operational processes. Its platform connects data from multiple sources, enabling users to prepare, review and distribute financial reports, regulatory filings, management reports and other business documents through a collaborative digital environment.

The company's products support financial reporting, environmental, social and governance (ESG) reporting, risk management, internal controls, audit management and regulatory compliance.

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