International Assets Investment Management LLC Buys 13,877 Shares of Workiva Inc. (NYSE:WK)

International Assets Investment Management LLC lifted its holdings in shares of Workiva Inc. (NYSE:WK - Free Report) by 10,356.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,011 shares of the software maker's stock after purchasing an additional 13,877 shares during the period. International Assets Investment Management LLC's holdings in Workiva were worth $1,423,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new stake in shares of Workiva during the third quarter worth $54,000. SG Americas Securities LLC bought a new stake in shares of Workiva during the fourth quarter worth $107,000. GPS Wealth Strategies Group LLC grew its holdings in shares of Workiva by 19.4% during the third quarter. GPS Wealth Strategies Group LLC now owns 1,075 shares of the software maker's stock worth $109,000 after purchasing an additional 175 shares during the last quarter. Vinva Investment Management Ltd bought a new stake in shares of Workiva during the third quarter worth $162,000. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Workiva by 261.3% during the third quarter. SRS Capital Advisors Inc. now owns 2,117 shares of the software maker's stock worth $215,000 after purchasing an additional 1,531 shares during the last quarter. Institutional investors own 92.21% of the company's stock.

Insider Activity

In other news, EVP Michael D. Hawkins sold 11,439 shares of Workiva stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $93.62, for a total transaction of $1,070,919.18. Following 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.71% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Workiva Stock Performance

NYSE:WK traded up $1.30 during mid-day trading on Monday, hitting $79.16. The company had a trading volume of 257,406 shares, compared to its average volume of 385,199. Workiva Inc. has a fifty-two week low of $76.63 and a fifty-two week high of $116.00. The firm has a market cap of $4.33 billion, a P/E ratio of -33.50 and a beta of 1.03. The business's fifty day moving average is $84.41 and its two-hundred day moving average is $91.89.

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, beating the consensus estimate of ($0.15) by $0.10. The business had revenue of $166.65 million for the quarter, compared to the consensus estimate of $164.44 million. Equities analysts forecast that Workiva Inc. will post -0.91 earnings per share for the current year.

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.