Insider Selling: Workiva (NYSE:WK) EVP Sells $499,198.87 in Stock

Key Points

• Workiva EVP Brandon Ziegler sold 6,571 shares at an average price of $75.97, generating approximately $499,199. After the transaction, he retained 126,216 shares, a 4.95% reduction in his ownership.
• Workiva shares traded at $74.75, while the company reported quarterly EPS of $0.77 and revenue of $255.29 million, exceeding analyst estimates; revenue increased 18.6% year over year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $84.75, although BTIG lowered its target to $70. Institutional investors own 92.21% of the company.

Workiva Inc. (NYSE:WK - Get Free Report) EVP Brandon Ziegler sold 6,571 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $75.97, for a total value 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 $9,588,629.52. This trade represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Workiva Price Performance

Shares of NYSE:WK traded down $0.64 during midday trading on Friday, hitting $74.75. The company had a trading volume of 634,120 shares, compared to its average volume of 993,272. Workiva Inc. has a twelve month low of $43.34 and a twelve month high of $97.10. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 91.16 and a beta of 0.46. The business's 50-day simple moving average is $56.56 and its 200-day simple moving average is $56.87.

Workiva (NYSE:WK - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.13. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%.The company had revenue of $255.29 million for the quarter, compared to analyst estimates of $251.16 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The firm's revenue for the quarter was up 18.6% compared to the same quarter last year. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. As a group, sell-side analysts forecast that Workiva Inc. will post 1.31 EPS for the current year.

Institutional Investors Weigh In On Workiva

Institutional investors have recently made changes to their positions in the stock. LPL Financial LLC boosted its holdings in shares of Workiva by 0.9% in the 4th quarter. LPL Financial LLC now owns 20,475 shares of the software maker's stock valued at $1,766,000 after purchasing an additional 185 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Workiva by 82.3% during the 3rd quarter. Allworth Financial LP now owns 412 shares of the software maker's stock worth $35,000 after buying an additional 186 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Workiva by 1.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 16,095 shares of the software maker's stock worth $781,000 after buying an additional 200 shares during the last quarter. King Luther Capital Management Corp raised its position in shares of Workiva by 0.3% in the 4th quarter. King Luther Capital Management Corp now owns 80,083 shares of the software maker's stock worth $6,907,000 after buying an additional 248 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of Workiva by 66.0% in the 4th quarter. Farther Finance Advisors LLC now owns 669 shares of the software maker's stock worth $58,000 after buying an additional 266 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings raised shares of Workiva from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, August 6th. BTIG Research cut their price target on shares of Workiva from $80.00 to $70.00 and set a "buy" rating for the company in a report on Wednesday, August 5th. Raymond James Financial reaffirmed an "outperform" rating and set a $85.00 price target on shares of Workiva in a research report on Wednesday, May 6th. Citigroup reiterated a "buy" rating on shares of Workiva in a research report on Thursday, August 6th. Finally, Robert W. Baird set a $74.00 target price on Workiva in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.75.

About Workiva

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.

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