Workiva (NYSE:WK) Reaches New 12-Month Low at $76.63

Workiva Inc. (NYSE:WK - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $76.63 and last traded at $77.21, with a volume of 10230 shares changing hands. The stock had previously closed at $78.19.

Analyst Upgrades and Downgrades

WK has been the topic of several recent analyst reports. Citigroup dropped their price target on Workiva from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, February 21st. BMO Capital Markets decreased their price target on Workiva from $123.00 to $113.00 and set an "outperform" rating for the company in a report on Wednesday, February 21st. Finally, Stifel Nicolaus decreased their price target on Workiva from $92.00 to $85.00 and set a "hold" rating for the company in a report 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $113.50.

Workiva Stock Performance

The stock has a market cap of $4.21 billion, a P/E ratio of -32.49 and a beta of 1.03. The business has a 50 day simple moving average of $85.37 and a 200-day simple moving average of $92.33.

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

Insider Buying and Selling at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 11,439 shares of the company's stock in a transaction on Friday, February 2nd. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.71% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Orser Capital Management LLC lifted its holdings in Workiva by 1.1% during the 1st quarter. Orser Capital Management LLC now owns 58,878 shares of the software maker's stock worth $4,993,000 after purchasing an additional 626 shares in the last quarter. Moody National Bank Trust Division lifted its holdings in Workiva by 13.4% during the 1st quarter. Moody National Bank Trust Division now owns 19,734 shares of the software maker's stock worth $1,673,000 after purchasing an additional 2,330 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Workiva by 42.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 19,992 shares of the software maker's stock worth $2,030,000 after purchasing an additional 5,922 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Workiva by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 5,004,409 shares of the software maker's stock worth $508,098,000 after purchasing an additional 51,284 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Workiva by 8.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 226,488 shares of the software maker's stock worth $22,995,000 after purchasing an additional 16,912 shares in the last quarter. Hedge funds and other 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.