Semanteon Capital Management LP Invests $996,000 in Workiva Inc. (NYSE:WK)

Semanteon Capital Management LP bought a new position in shares of Workiva Inc. (NYSE:WK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,812 shares of the software maker's stock, valued at approximately $996,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd bought a new stake in Workiva in the third quarter worth approximately $54,000. SG Americas Securities LLC acquired a new position in shares of Workiva during the 4th quarter valued at $107,000. GPS Wealth Strategies Group LLC grew its holdings in Workiva by 19.4% in 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 period. Vinva Investment Management Ltd acquired a new stake in Workiva in the third quarter worth $162,000. Finally, SRS Capital Advisors Inc. increased its stake in Workiva by 261.3% in the third quarter. SRS Capital Advisors Inc. now owns 2,117 shares of the software maker's stock valued at $215,000 after purchasing an additional 1,531 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Workiva

In other news, EVP Michael D. Hawkins sold 11,439 shares of the business's stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $93.62, for a total transaction of $1,070,919.18. Following the completion of the transaction, the executive vice president now directly 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 can be accessed through the SEC website. 5.71% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on WK shares. BMO Capital Markets lowered their price objective on shares of Workiva from $123.00 to $113.00 and set an "outperform" rating on the stock in a report on Wednesday, February 21st. Stifel Nicolaus lowered their target price on shares of Workiva from $92.00 to $85.00 and set a "hold" rating on the stock in a report on Wednesday, February 21st. Finally, Citigroup dropped their price target on shares of Workiva from $110.00 to $95.00 and set a "buy" rating on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $111.63.

Workiva Stock Down 0.2 %

WK traded down $0.13 during trading hours on Thursday, hitting $79.93. The stock had a trading volume of 190,378 shares, compared to its average volume of 379,099. Workiva Inc. has a 1 year low of $76.63 and a 1 year high of $116.00. The company's fifty day simple moving average is $83.71 and its 200 day simple moving average is $91.53. The stock has a market cap of $4.37 billion, a PE ratio of -33.73 and a beta of 1.03.

Workiva (NYSE:WK - Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The software maker reported ($0.05) EPS for the quarter, topping the consensus estimate 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. As a group, equities analysts expect that Workiva Inc. will post -0.91 EPS 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.

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