Workiva Inc. $WK Stock Sold by Kopp Family Office LLC

Key Points

• Kopp Family Office cut its Workiva stake by 59.3% in the third quarter, selling 33,085 shares and retaining 22,722 shares valued at approximately $1.51 million.
• Institutional ownership remains high at 92.21%, with several funds—including Assenagon Asset Management—substantially increasing their positions.
• Analysts maintain a generally positive outlook, with nine Buy ratings and two Holds, an average “Moderate Buy” rating, and an average price target of $87. Workiva also exceeded quarterly earnings and revenue estimates, reporting 18.6% year-over-year revenue growth.

Kopp Family Office LLC trimmed its position in shares of Workiva Inc. (NYSE:WK - Free Report) by 59.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,722 shares of the software maker's stock after selling 33,085 shares during the period. Workiva comprises 0.8% of Kopp Family Office LLC's holdings, making the stock its 14th biggest holding. Kopp Family Office LLC's holdings in Workiva were worth $1,513,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in WK. Kings Path Partners LLC bought a new stake in Workiva in the third quarter worth about $290,000. Nisa Investment Advisors LLC boosted its position in shares of Workiva by 149.8% during the third quarter. Nisa Investment Advisors LLC now owns 782 shares of the software maker's stock valued at $52,000 after buying an additional 469 shares during the period. Abel Hall LLC boosted its position in shares of Workiva by 26.0% during the third quarter. Abel Hall LLC now owns 5,544 shares of the software maker's stock valued at $369,000 after buying an additional 1,144 shares during the period. Robertson Stephens Wealth Management LLC bought a new position in shares of Workiva during the third quarter valued at approximately $336,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of Workiva by 154.0% during the third quarter. Assenagon Asset Management S.A. now owns 243,991 shares of the software maker's stock valued at $16,242,000 after buying an additional 147,917 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Workiva

In other news, EVP Brandon Ziegler sold 6,571 shares of Workiva stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $75.97, for a total transaction of $499,198.87. Following the completion of the sale, the executive vice president owned 126,216 shares of the company's stock, valued at approximately $9,588,629.52. The trade was a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 4.77% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WK shares. Stifel Nicolaus set a $95.00 price target on Workiva in a report on Thursday, August 27th. UBS Group set a $70.00 price target on Workiva in a research note on Wednesday, August 5th. Wall Street Zen upgraded Workiva from a "buy" rating to a "strong-buy" rating in a report on Sunday. Weiss Ratings upgraded Workiva from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday. Finally, BTIG Research set a $85.00 price objective on Workiva in a research report on Wednesday, September 16th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $87.00.

Workiva Price Performance

WK stock opened at $80.32 on Thursday. The company has a market capitalization of $4.51 billion, a PE ratio of 97.95 and a beta of 0.53. Workiva Inc. has a 12 month low of $43.34 and a 12 month high of $97.10. The firm's 50-day moving average is $73.53 and its 200 day moving average is $60.32.

Workiva (NYSE:WK - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.13. The company had revenue of $255.29 million during the quarter, compared to analyst estimates of $251.16 million. Workiva had a net margin of 4.87% and a negative return on equity of 140.17%. The firm's revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter last year, the business posted $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.

Workiva Profile

Workiva Inc NYSE: WK provides cloud-based software designed to help organizations manage reporting, compliance, risk and other complex business processes. Its platform connects financial, operational and environmental, social and governance (ESG) data so teams can collaborate on information used for internal and external reporting.

The company's products support financial reporting, regulatory filings, audit and compliance workflows, investor communications, and sustainability reporting.

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