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

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

Several other hedge funds have also recently bought and sold shares of the business. Twin Tree Management LP bought a new position in shares of Workiva during the 4th quarter worth about $25,000. GeoWealth Management LLC raised its holdings in shares of Workiva by 3,010.0% in the fourth quarter. GeoWealth Management LLC now owns 622 shares of the software maker's stock valued at $68,000 after buying an additional 602 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Workiva by 14,650.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 885 shares of the software maker's stock worth $97,000 after acquiring an additional 879 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Workiva by 8.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker's stock worth $159,000 after buying an additional 116 shares in the last quarter. Finally, Truist Financial Corp bought a new position in Workiva in the fourth quarter valued at about $211,000. 92.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WK has been the topic of a number of research analyst reports. The Goldman Sachs Group dropped their price target on Workiva from $118.00 to $105.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Stifel Nicolaus reduced their price target on shares of Workiva from $120.00 to $100.00 and set a "buy" rating for the company in a report on Friday. Truist Financial cut their price objective on shares of Workiva from $120.00 to $95.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Raymond James lowered their target price on Workiva from $125.00 to $105.00 and set an "outperform" rating for the company in a report on Friday. Finally, Citigroup raised their target price on shares of Workiva from $128.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $107.90.

Workiva Price Performance

Workiva stock traded down $7.08 during mid-day trading on Friday, hitting $67.31. 2,080,988 shares of the company's stock traded hands, compared to its average volume of 506,600. Workiva Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $116.83. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of -73.16 and a beta of 1.02. The firm has a 50 day simple moving average of $77.75 and a two-hundred day simple moving average of $90.73.

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 company had revenue of $206.28 million during the quarter, compared to the consensus estimate of $204.24 million. The company's quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 earnings per share. On average, research analysts anticipate that Workiva Inc. will post -0.92 earnings per share for the current fiscal year.

Insider Activity

In other Workiva news, EVP Michael D. Hawkins sold 10,421 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $85.43, for a total transaction of $890,266.03. Following the completion of the transaction, the executive vice president now owns 61,298 shares in the company, valued at approximately $5,236,688.14. This trade represents a 14.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert H. Herz sold 1,000 shares of Workiva stock in a transaction on Friday, March 14th. The stock was sold at an average price of $88.70, for a total transaction of $88,700.00. Following the transaction, the director now directly owns 34,084 shares of the company's stock, valued at $3,023,250.80. This represents a 2.85 % 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 worth $1,807,333. Corporate insiders own 3.86% of the company's stock.

Workiva 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.