Workiva (NYSE:WK) Shares Down 4.5% - Should You Sell?

Key Points

• Workiva shares fell 4.5% to $69.53, with trading volume down 90% from the average session. Despite the decline, the stock remains above its 50-day and 200-day moving averages.
• Analysts maintain a broadly positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $88.30, roughly above the current trading level.
• Workiva reported quarterly revenue growth of 18.6% and EPS of $0.77, beating estimates, while institutional investors own 92.21% of the company. An executive recently sold nearly $500,000 worth of shares.

Workiva Inc. (NYSE:WK - Get Free Report)'s stock price traded down 4.5% on Tuesday . The company traded as low as $69.66 and last traded at $69.53. Approximately 99,803 shares were traded during trading, a decline of 90% from the average session volume of 979,157 shares. The stock had previously closed at $72.84.

Analyst Ratings Changes

WK has been the topic of several recent research reports. Stephens restated an "overweight" rating and set a $68.00 target price on shares of Workiva in a research report on Tuesday, May 26th. Stifel Nicolaus set a $95.00 target price on shares of Workiva in a report on Thursday, August 27th. UBS Group set a $70.00 price target on shares of Workiva in a report on Wednesday, August 5th. Robert W. Baird raised their price objective on shares of Workiva from $95.00 to $105.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 16th. Finally, Citigroup restated a "buy" rating on shares of Workiva in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Workiva has a consensus rating of "Moderate Buy" and an average price target of $88.30.

Workiva Price Performance

The company's fifty day simple moving average is $67.72 and its 200-day simple moving average is $58.59. The firm has a market capitalization of $3.89 billion, a PE ratio of 84.60 and a beta of 0.49.

Workiva (NYSE:WK - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.13. Workiva had a net margin of 4.87% and a negative return on equity of 140.17%. The business had revenue of $255.29 million for the quarter, compared to analyst estimates of $251.16 million. During the same quarter in the prior year, the business posted $0.19 EPS. Workiva's revenue for the quarter was up 18.6% compared to the same quarter last year. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. As a group, equities research analysts anticipate that Workiva Inc. will post 1.31 earnings per share for the current fiscal year.

Insider Activity

In other Workiva news, EVP Brandon Ziegler sold 6,571 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $75.97, for a total value of $499,198.87. Following the sale, the executive vice president owned 126,216 shares in the company, valued at approximately $9,588,629.52. This represents a 4.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 4.77% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in WK. Engineers Gate Manager LP grew its position in shares of Workiva by 10.6% in the second quarter. Engineers Gate Manager LP now owns 66,202 shares of the software maker's stock valued at $3,211,000 after purchasing an additional 6,357 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Workiva in the second quarter valued at approximately $46,000. NewEdge Advisors LLC acquired a new stake in shares of Workiva in the second quarter worth approximately $123,000. Squarepoint Ops LLC boosted its stake in Workiva by 110.7% during the 2nd quarter. Squarepoint Ops LLC now owns 1,247,400 shares of the software maker's stock worth $60,511,000 after purchasing an additional 655,396 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Workiva by 91.0% during the second quarter. Allworth Financial LP now owns 1,251 shares of the software maker's stock worth $61,000 after buying an additional 596 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Workiva Company Profile

Workiva Inc NYSE: WK is a cloud-based software company that provides connected reporting and compliance solutions for organizations. Its platform is designed to help businesses manage financial reporting, regulatory filings, environmental, social and governance (ESG) reporting, internal controls, risk management and audit-related processes in a centralized, collaborative environment.

Workiva's offerings support the preparation and distribution of documents such as annual reports, quarterly filings, earnings materials and sustainability reports.

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