Workiva (NYSE:WK) Sets New 1-Year Low at $80.20

Workiva Inc. (NYSE:WK - Get Free Report)'s stock price reached a new 52-week low on Tuesday . The company traded as low as $80.20 and last traded at $80.72, with a volume of 63050 shares changing hands. The stock had previously closed at $83.58.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on WK shares. BMO Capital Markets cut their target price on shares of Workiva from $123.00 to $113.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 21st. Stifel Nicolaus cut their target price on shares of Workiva from $92.00 to $85.00 and set a "hold" rating on the stock in a research note on Wednesday, February 21st. Finally, Citigroup cut their target price on shares of Workiva from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, February 21st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Workiva has a consensus rating of "Moderate Buy" and an average price target of $113.50.

Workiva Stock Down 2.7 %

The stock has a market cap of $4.45 billion, a price-to-earnings ratio of -34.33 and a beta of 1.03. The firm's 50 day moving average is $88.34 and its two-hundred day moving average is $93.94.

Workiva (NYSE:WK - Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The software maker reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.10. The business had revenue of $166.65 million for the quarter, compared to analyst estimates of $164.44 million. On average, analysts anticipate that Workiva Inc. will post -0.91 EPS for the current fiscal year.

Insider Buying and Selling

In other Workiva news, EVP Michael D. Hawkins sold 11,439 shares of the company's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $93.62, for a total value of $1,070,919.18. Following the completion of the transaction, the executive vice president now owns 62,453 shares in the company, valued at approximately $5,846,849.86. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.71% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Cornerstone Planning Group LLC bought a new position in shares of Workiva in the second quarter valued at approximately $27,000. GHP Investment Advisors Inc. bought a new position in shares of Workiva in the fourth quarter valued at approximately $28,000. Belpointe Asset Management LLC boosted its holdings in shares of Workiva by 133.8% in the first quarter. Belpointe Asset Management LLC now owns 346 shares of the software maker's stock valued at $35,000 after acquiring an additional 198 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Workiva in the third quarter valued at approximately $54,000. Finally, Lazard Asset Management LLC bought a new position in shares of Workiva in the first quarter valued at approximately $82,000. Institutional investors own 92.21% of the company's stock.

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.