Susquehanna Fundamental Investments LLC Invests $4.21 Million in Workiva Inc. (NYSE:WK)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Workiva Inc. (NYSE:WK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 38,479 shares of the software maker's stock, valued at approximately $4,213,000. Susquehanna Fundamental Investments LLC owned 0.07% of Workiva at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Workiva during the 4th quarter valued at about $59,676,000. Nordea Investment Management AB acquired a new stake in Workiva during the 4th quarter valued at $59,894,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Workiva in the fourth quarter valued at about $51,353,000. T. Rowe Price Investment Management Inc. lifted its position in shares of Workiva by 10.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,148,021 shares of the software maker's stock worth $235,209,000 after purchasing an additional 200,220 shares in the last quarter. Finally, Conestoga Capital Advisors LLC lifted its holdings in Workiva by 13.7% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,165,019 shares of the software maker's stock worth $127,570,000 after buying an additional 140,310 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Workiva Stock Performance

Shares of WK stock traded down $7.08 on Friday, hitting $67.31. The company's stock had a trading volume of 2,080,988 shares, compared to its average volume of 506,553. Workiva Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $116.83. The stock's 50 day moving average is $77.42 and its 200-day moving average is $90.75. The company has a market capitalization of $3.78 billion, a PE ratio of -73.16 and a beta of 0.98.

Workiva (NYSE:WK - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The software maker reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.07. The business had revenue of $206.28 million during the quarter, compared to the consensus estimate of $204.24 million. During the same quarter in the previous year, the business posted $0.22 EPS. The company's revenue for the quarter was up 17.4% on a year-over-year basis. On average, research analysts forecast that Workiva Inc. will post -0.92 earnings per share for the current year.

Insider Activity at Workiva

In other news, CFO Jill Klindt sold 5,593 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $85.04, for a total transaction of $475,628.72. Following the sale, the chief financial officer now directly owns 119,054 shares in the company, valued at approximately $10,124,352.16. The trade was a 4.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Brandon Ziegler sold 4,115 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $85.72, for a total transaction of $352,737.80. Following the completion of the transaction, the chief accounting officer now owns 103,509 shares of the company's stock, valued at approximately $8,872,791.48. This trade represents a 3.82 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,129 shares of company stock valued at $1,807,333. 3.86% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently commented on WK. BNP Paribas began coverage on Workiva in a research note on Tuesday, April 22nd. They set an "outperform" rating and a $100.00 price objective for the company. BMO Capital Markets decreased their target price on Workiva from $120.00 to $108.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Truist Financial lowered their target price on shares of Workiva from $120.00 to $95.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Stifel Nicolaus cut their price objective on Workiva from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Friday. Finally, Stephens began coverage on shares of Workiva in a research note on Wednesday, March 19th. They issued an "overweight" rating and a $111.00 target price for the company. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $107.90.

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.