Workiva Inc. (NYSE:WK) Shares Acquired by Jump Financial LLC

Jump Financial LLC grew its stake in shares of Workiva Inc. (NYSE:WK - Free Report) by 307.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,743 shares of the software maker's stock after acquiring an additional 20,931 shares during the quarter. Jump Financial LLC owned about 0.05% of Workiva worth $2,817,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Teacher Retirement System of Texas increased its holdings in Workiva by 9.5% in the 4th quarter. Teacher Retirement System of Texas now owns 5,570 shares of the software maker's stock worth $566,000 after buying an additional 483 shares in the last quarter. Versor Investments LP purchased a new position in shares of Workiva during the fourth quarter valued at approximately $705,000. TimesSquare Capital Management LLC lifted its position in Workiva by 5.1% during the fourth quarter. TimesSquare Capital Management LLC now owns 418,635 shares of the software maker's stock valued at $42,504,000 after purchasing an additional 20,445 shares during the period. Picton Mahoney Asset Management grew its position in Workiva by 3.6% in the 4th quarter. Picton Mahoney Asset Management now owns 24,515 shares of the software maker's stock worth $2,488,000 after purchasing an additional 845 shares during the period. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in Workiva during the 4th quarter valued at $213,000. Hedge funds and other institutional investors own 92.21% of the company's stock.

Insider Activity

In other Workiva news, EVP Michael D. Hawkins sold 3,435 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $81.46, for a total transaction of $279,815.10. Following the completion of the transaction, the executive vice president now owns 55,487 shares of the company's stock, valued at approximately $4,519,971.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.86% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on WK shares. Stifel Nicolaus cut their price objective on Workiva from $92.00 to $85.00 and set a "hold" rating for the company in a report on Wednesday, February 21st. 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 research note on Wednesday, February 21st. Citigroup dropped their price objective on shares of Workiva from $110.00 to $95.00 and set a "buy" rating on the stock in a report on Tuesday, April 23rd. Finally, William Blair reaffirmed an "outperform" rating on shares of Workiva in a report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Workiva has a consensus rating of "Moderate Buy" and an average price target of $111.86.

Workiva Price Performance

Shares of WK stock traded up $0.97 on Monday, hitting $83.23. 178,387 shares of the stock traded hands, compared to its average volume of 371,441. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of -48.39 and a beta of 1.04. The firm has a 50 day simple moving average of $81.99 and a two-hundred day simple moving average of $89.94. Workiva Inc. has a 52 week low of $76.63 and a 52 week high of $116.00.

Workiva (NYSE:WK - Get Free Report) last posted its quarterly earnings results on Tuesday, February 20th. The software maker reported ($0.05) EPS for the quarter, beating analysts' consensus estimates 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. Sell-side analysts forecast that Workiva Inc. will post -0.62 EPS for the current year.

About Workiva

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.