Trexquant Investment LP Boosts Stock Holdings in Workiva Inc. $WK

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 grew its stake in shares of Workiva Inc. (NYSE:WK - Free Report) by 95.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 171,308 shares of the software maker's stock after acquiring 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.

A number of other hedge funds also recently modified their holdings of the stock. SVB Wealth LLC bought a new stake in Workiva during the first quarter worth about $26,000. Farther Finance Advisors LLC raised its position in shares of Workiva by 705.9% in the 1st quarter. Farther Finance Advisors LLC now owns 411 shares of the software maker's stock valued at $31,000 after buying an additional 360 shares in the last quarter. Bayforest Capital Ltd bought a new stake in shares of Workiva during the 1st quarter worth approximately $39,000. Harbour Investments Inc. acquired a new stake in shares of Workiva during the 1st quarter worth approximately $39,000. Finally, Bessemer Group Inc. increased its stake in Workiva by 109.2% in the first quarter. Bessemer Group Inc. now owns 567 shares of the software maker's stock valued at $43,000 after acquiring an additional 296 shares during the last quarter. Institutional investors own 92.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wall Street Zen upgraded Workiva from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Citigroup restated a "buy" rating and set a $105.00 price objective (down from $108.00) on shares of Workiva in a research report on Wednesday, July 16th. Stephens reiterated an "overweight" rating and issued a $95.00 target price on shares of Workiva in a research report on Thursday, May 22nd. Raymond James Financial lowered their target price on Workiva from $105.00 to $95.00 and set an "outperform" rating for the company in a research note on Friday, August 1st. Finally, Robert W. Baird set a $105.00 target price on shares of Workiva in a report on Wednesday, June 25th. Nine analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $99.22.

Workiva Stock Up 0.0%

NYSE WK traded up $0.01 on Wednesday, hitting $77.30. The company's stock had a trading volume of 156,125 shares, compared to its average volume of 698,426. The company's 50-day moving average is $72.24 and its 200 day moving average is $73.68. The firm has a market cap of $4.33 billion, a PE ratio of -64.40 and a beta of 0.88. Workiva Inc. has a 1-year low of $60.50 and a 1-year high of $116.83.

Workiva (NYSE:WK - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The software maker reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.14. The business had revenue of $215.19 million during the quarter, compared to the consensus estimate of $208.92 million. During the same period in the prior year, the firm earned $0.16 EPS. The business's revenue for the quarter was up 21.2% compared to the same quarter last year. Workiva has set its FY 2025 guidance at 1.310-1.380 EPS. Q3 2025 guidance at 0.370-0.410 EPS. On average, equities analysts expect that Workiva Inc. will post -0.92 EPS for the current year.

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.