Untitled Investments LP Buys Shares of 69,841 Workiva Inc. (NYSE:WK)

Untitled Investments LP bought a new position in shares of Workiva Inc. (NYSE:WK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 69,841 shares of the software maker's stock, valued at approximately $7,648,000. Workiva accounts for approximately 1.9% of Untitled Investments LP's investment portfolio, making the stock its 15th largest holding. Untitled Investments LP owned 0.13% of Workiva as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Northern Trust Corp boosted its position in Workiva by 6.9% during the 4th quarter. Northern Trust Corp now owns 596,466 shares of the software maker's stock valued at $65,313,000 after purchasing an additional 38,633 shares during the period. Beacon Pointe Advisors LLC bought a new stake in Workiva in the fourth quarter valued at $219,000. Johnson Financial Group Inc. acquired a new position in shares of Workiva during the fourth quarter valued at $66,000. Boothbay Fund Management LLC bought a new position in shares of Workiva during the fourth quarter worth about $465,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Workiva in the 4th quarter worth about $4,213,000. 92.21% of the stock is currently owned by institutional investors.

Insider Activity at Workiva

In related news, Director Robert H. Herz sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $88.70, for a total value of $88,700.00. Following the completion of the transaction, the director now owns 34,084 shares of the company's stock, valued at approximately $3,023,250.80. This trade represents a 2.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael D. Hawkins sold 10,421 shares of Workiva stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $85.43, for a total transaction of $890,266.03. Following the transaction, the executive vice president now owns 61,298 shares in the company, valued at approximately $5,236,688.14. The trade was a 14.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,129 shares of company stock worth $1,807,333 in the last quarter. 3.86% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

WK has been the subject of several recent analyst reports. BNP Paribas began coverage on shares of Workiva in a research report on Tuesday, April 22nd. They issued an "outperform" rating and a $100.00 target price for the company. Citigroup increased their price objective on Workiva from $128.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. The Goldman Sachs Group cut their target price on Workiva from $118.00 to $105.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Raymond James decreased their price target on Workiva from $125.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday. Finally, Stephens assumed coverage on Workiva in a report on Wednesday, March 19th. They set an "overweight" rating and a $111.00 price target on the stock. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Workiva has a consensus rating of "Moderate Buy" and an average target price of $107.90.

Workiva Trading Down 9.5 %

NYSE:WK traded down $7.08 during mid-day trading on Friday, reaching $67.31. 2,080,988 shares of the stock were exchanged, compared to its average volume of 506,553. Workiva Inc. has a 1-year low of $60.50 and a 1-year high of $116.83. The firm has a market capitalization of $3.78 billion, a PE ratio of -73.16 and a beta of 0.98. The business has a fifty day moving average price of $77.42 and a 200 day moving average price of $90.69.

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