Workiva Inc. (NYSE:WK) Stake Cut by Mirabella Financial Services LLP

Mirabella Financial Services LLP cut its holdings in shares of Workiva Inc. (NYSE:WK - Free Report) by 95.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,451 shares of the software maker's stock after selling 68,851 shares during the period. Mirabella Financial Services LLP's holdings in Workiva were worth $378,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of WK. MetLife Investment Management LLC grew its holdings in shares of Workiva by 4.4% during the fourth quarter. MetLife Investment Management LLC now owns 30,413 shares of the software maker's stock worth $3,330,000 after purchasing an additional 1,281 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Workiva by 3.0% during the fourth quarter. First Trust Advisors LP now owns 824,219 shares of the software maker's stock worth $90,252,000 after acquiring an additional 24,172 shares during the period. GeoWealth Management LLC raised its stake in shares of Workiva by 3,010.0% during the 4th quarter. GeoWealth Management LLC now owns 622 shares of the software maker's stock worth $68,000 after buying an additional 602 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Workiva by 3,338.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 44,700 shares of the software maker's stock valued at $4,895,000 after buying an additional 43,400 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Workiva in the fourth quarter valued at approximately $690,000. Hedge funds and other institutional investors own 92.21% of the company's stock.

Workiva Stock Performance

Shares of WK stock traded up $0.87 on Friday, hitting $73.51. The stock had a trading volume of 269,461 shares, compared to its average volume of 495,194. Workiva Inc. has a 52-week low of $60.50 and a 52-week high of $116.83. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of -79.90 and a beta of 1.02. The stock's 50 day moving average is $78.64 and its 200-day moving average is $90.86.

Insider Activity

In other Workiva news, EVP Michael D. Hawkins sold 10,421 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $85.43, for a total transaction of $890,266.03. Following the completion of the sale, the executive vice president now owns 61,298 shares in the company, valued at $5,236,688.14. This trade represents a 14.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert H. Herz sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $88.70, for a total transaction of $88,700.00. Following the sale, the director now directly owns 34,084 shares of the company's stock, valued at $3,023,250.80. The trade was a 2.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,129 shares of company stock worth $1,807,333 over the last ninety days. Corporate insiders own 3.86% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on WK shares. BMO Capital Markets decreased their price objective on shares of Workiva from $120.00 to $108.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. The Goldman Sachs Group lowered their price target on Workiva from $118.00 to $105.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. BNP Paribas assumed coverage on Workiva in a research note on Tuesday. They issued an "outperform" rating and a $100.00 price objective for the company. Citigroup increased their price objective on shares of Workiva from $128.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Finally, Stephens began coverage on Workiva in a report on Wednesday, March 19th. They issued an "overweight" rating and a $111.00 price target for the company. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $112.90.

Workiva Company 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.