XTX Topco Ltd Has $1.94 Million Stock Position in Workiva Inc. (NYSE:WK)

Key Points

• XTX Topco Ltd increased its stake in Workiva Inc. by 305.4% during the first quarter, acquiring an additional 19,257 shares, bringing its total to 25,562 shares valued at approximately $1.94 million.
• Workiva's stock has seen fluctuations, currently priced at $66.62, with a twelve-month range of $60.50 to $116.83.
• Analysts maintain a generally positive outlook on Workiva, with an average target price of $101.30 and a consensus rating of "Moderate Buy".

XTX Topco Ltd increased its stake in Workiva Inc. (NYSE:WK - Free Report) by 305.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,562 shares of the software maker's stock after purchasing an additional 19,257 shares during the quarter. XTX Topco Ltd's holdings in Workiva were worth $1,940,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of WK. Norges Bank acquired a new stake in Workiva in the 4th quarter valued at about $59,676,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Workiva during the fourth quarter worth $51,353,000. Point72 Asset Management L.P. acquired a new stake in shares of Workiva during the fourth quarter worth $32,863,000. T. Rowe Price Investment Management Inc. raised its position in shares of Workiva by 10.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,148,021 shares of the software maker's stock worth $235,209,000 after purchasing an additional 200,220 shares during the period. Finally, Engle Capital Management L.P. acquired a new stake in shares of Workiva during the fourth quarter worth $20,367,000. Institutional investors and hedge funds own 92.21% of the company's stock.

Workiva Price Performance

NYSE:WK traded up $20.63 during mid-day trading on Friday, reaching $84.46. The stock had a trading volume of 3,792,338 shares, compared to its average volume of 517,763. The business's 50 day moving average is $67.81 and its 200 day moving average is $77.20. Workiva Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $116.83. The stock has a market cap of $4.71 billion, a P/E ratio of -70.38 and a beta of 0.86.

Workiva (NYSE:WK - Get Free Report) last posted its quarterly 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 business had revenue of $215.19 million for the quarter, compared to analyst estimates of $208.92 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The firm's quarterly revenue was up 21.2% on a year-over-year basis. Equities analysts expect that Workiva Inc. will post -0.92 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on WK shares. Robert W. Baird set a $105.00 price objective on shares of Workiva in a research note on Wednesday, June 25th. Wall Street Zen raised shares of Workiva from a "hold" rating to a "buy" rating in a research note on Saturday. BNP Paribas started coverage on shares of Workiva in a research note on Tuesday, April 22nd. They set an "outperform" rating and a $100.00 price objective for the company. Stephens reaffirmed an "overweight" rating and set a $95.00 price objective on shares of Workiva in a research note on Thursday, May 22nd. Finally, Citigroup reaffirmed a "buy" rating and set a $105.00 price objective (down from $108.00) on shares of Workiva in a research note on Wednesday, July 16th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus 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.