Workiva Inc. $WK Shares Bought by Trexquant Investment LP

Key Points

• Trexquant Investment LP significantly increased its stake in Workiva Inc. by 95.9%, owning 171,308 shares valued at approximately $13 million.
• The company reported earnings of $0.19 per share for the last quarter, exceeding analysts' expectations, with revenue increasing 21.2% year-over-year.
• Workiva has a current consensus rating of "Buy" from nine research analysts, with an average price target of $99.22.

Trexquant Investment LP raised its position in Workiva Inc. (NYSE:WK - Free Report) by 95.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 171,308 shares of the software maker's stock after purchasing an additional 83,880 shares during the quarter. Trexquant Investment LP owned about 0.31% of Workiva worth $13,004,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of WK. T. Rowe Price Investment Management Inc. raised its holdings in Workiva by 32.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,834,723 shares of the software maker's stock valued at $215,184,000 after buying an additional 686,702 shares during the period. Point72 Asset Management L.P. purchased a new stake in Workiva in the 4th quarter valued at about $32,863,000. Engle Capital Management L.P. purchased a new stake in Workiva in the 4th quarter valued at about $20,367,000. LMR Partners LLP purchased a new stake in Workiva in the 4th quarter valued at about $16,151,000. Finally, Vanguard Group Inc. raised its holdings in Workiva by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 5,942,371 shares of the software maker's stock valued at $451,085,000 after buying an additional 142,297 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Workiva Stock Performance

WK stock opened at $80.78 on Friday. The company's 50 day moving average price is $71.38 and its 200 day moving average price is $74.03. Workiva Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $116.83. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of -67.32 and a beta of 0.86.

Workiva (NYSE:WK - Get Free Report) last released its earnings results on Thursday, July 31st. The software maker reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.14. The firm had revenue of $215.19 million for the quarter, compared to analysts' expectations of $208.92 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The firm's quarterly revenue was up 21.2% on a year-over-year basis. Workiva has set its FY 2025 guidance at 1.310-1.380 EPS. Q3 2025 guidance at 0.370-0.410 EPS. Equities analysts forecast that Workiva Inc. will post -0.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WK. Citigroup restated a "buy" rating and issued a $105.00 price objective (down from $108.00) on shares of Workiva in a report on Wednesday, July 16th. Stephens restated an "overweight" rating and issued a $95.00 price objective on shares of Workiva in a report on Thursday, May 22nd. Wall Street Zen upgraded shares of Workiva from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Stifel Nicolaus reduced their price objective on shares of Workiva from $100.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Finally, Raymond James Financial reduced their price objective on shares of Workiva from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $99.22.

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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