Untitled Investments LP Takes Position in Workiva Inc. (NYSE:WK)

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

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Workiva by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 5,800,074 shares of the software maker's stock valued at $635,108,000 after buying an additional 70,820 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Workiva by 10.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,148,021 shares of the software maker's stock worth $235,209,000 after acquiring an additional 200,220 shares during the period. Conestoga Capital Advisors LLC raised its holdings in Workiva by 13.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,165,019 shares of the software maker's stock valued at $127,570,000 after acquiring an additional 140,310 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Workiva by 3.0% during the 4th quarter. First Trust Advisors LP now owns 824,219 shares of the software maker's stock valued at $90,252,000 after acquiring an additional 24,172 shares during the period. Finally, Loomis Sayles & Co. L P grew its holdings in shares of Workiva by 11.8% during the 4th quarter. Loomis Sayles & Co. L P now owns 814,582 shares of the software maker's stock worth $89,197,000 after purchasing an additional 86,207 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. BNP Paribas assumed coverage on shares of Workiva in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $100.00 price objective for the company. Stifel Nicolaus decreased their target price on Workiva from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Stephens initiated coverage on shares of Workiva in a research note on Wednesday, March 19th. They set an "overweight" rating and a $111.00 target price on the stock. BMO Capital Markets decreased their price target on Workiva from $120.00 to $108.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Finally, The Goldman Sachs Group decreased their price objective on shares of Workiva from $118.00 to $105.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Workiva currently has an average rating of "Moderate Buy" and a consensus target price of $112.90.

Workiva Trading Down 1.6 %

WK stock traded down $1.17 during trading on Thursday, reaching $74.10. The stock had a trading volume of 800,996 shares, compared to its average volume of 500,302. Workiva Inc. has a 52 week low of $60.50 and a 52 week high of $116.83. The firm has a market cap of $4.16 billion, a PE ratio of -80.54 and a beta of 1.02. The stock's 50 day moving average is $77.75 and its two-hundred day moving average is $90.73.

Insider Activity at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 10,421 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $85.43, for a total value of $890,266.03. Following the transaction, the executive vice president now directly owns 61,298 shares in the company, valued at $5,236,688.14. This represents a 14.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jill Klindt sold 5,593 shares of Workiva stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $85.04, for a total value of $475,628.72. Following the completion of the sale, the chief financial officer now owns 119,054 shares of the company's stock, valued at $10,124,352.16. The trade was a 4.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,129 shares of company stock valued at $1,807,333. 3.86% of the stock is owned by company insiders.

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.