Workiva Inc. $WK Stock Holdings Increased by Siren L.L.C.

Key Points

• Siren L.L.C. increased its stake in Workiva Inc. by 75.0% during the 1st quarter, now owning 17,500 shares valued at approximately $1.33 million.
• Workiva's latest earnings report showed an EPS of $0.19, significantly surpassing expectations, with a revenue increase of 21.2% year-over-year.
• Wall Street analysts have a consensus "Buy" rating for Workiva, with a consensus price target of $99.22, despite some recent adjustments in price objectives.

Siren L.L.C. increased its stake in Workiva Inc. (NYSE:WK - Free Report) by 75.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,500 shares of the software maker's stock after purchasing an additional 7,500 shares during the quarter. Siren L.L.C.'s holdings in Workiva were worth $1,328,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SVB Wealth LLC bought a new position in Workiva during the first quarter valued at about $26,000. Farther Finance Advisors LLC raised its stake in Workiva by 705.9% during the 1st quarter. Farther Finance Advisors LLC now owns 411 shares of the software maker's stock valued at $31,000 after purchasing an additional 360 shares during the period. Bayforest Capital Ltd acquired a new position in Workiva during the first quarter valued at $39,000. Harbour Investments Inc. acquired a new position in shares of Workiva in the 1st quarter valued at about $39,000. Finally, Bessemer Group Inc. lifted its position in Workiva by 109.2% in the 1st quarter. Bessemer Group Inc. now owns 567 shares of the software maker's stock worth $43,000 after buying an additional 296 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WK has been the topic of several recent research reports. Raymond James Financial cut their price objective on shares of Workiva from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. Robert W. Baird set a $105.00 price objective on shares of Workiva in a research note on Wednesday, June 25th. Stifel Nicolaus cut their price target on Workiva from $100.00 to $85.00 and set a "buy" rating for the company in a report on Friday, August 1st. Wall Street Zen upgraded shares of Workiva from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Citigroup restated a "buy" rating and set a $105.00 target price (down previously from $108.00) on shares of Workiva in a research report on Wednesday, July 16th. Nine analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Workiva currently has a consensus rating of "Buy" and a consensus price target of $99.22.

Workiva Stock Performance

NYSE:WK opened at $80.78 on Friday. Workiva Inc. has a 52-week low of $60.50 and a 52-week high of $116.83. The company has a market cap of $4.53 billion, a PE ratio of -67.32 and a beta of 0.86. The stock has a 50-day simple moving average of $71.38 and a 200 day simple moving average of $74.03.

Workiva (NYSE:WK - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The software maker reported $0.19 EPS for the quarter, topping analysts' consensus estimates 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, research analysts predict that Workiva Inc. will post -0.92 earnings per share 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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