Brokerages Set Workiva Inc. (NYSE:WK) Target Price at $114.33

Shares of Workiva Inc. (NYSE:WK - Get Free Report) have been given a consensus rating of "Buy" by the eleven analysts that are covering the firm, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $112.90.

Several research firms recently weighed in on WK. Stifel Nicolaus dropped their price target on Workiva from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. The Goldman Sachs Group reduced their price target 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. BNP Paribas started coverage on shares of Workiva in a research report on Tuesday. They set an "outperform" rating and a $100.00 price objective on the stock. Truist Financial dropped their price objective on shares of Workiva from $120.00 to $95.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Finally, Raymond James raised shares of Workiva from a "market perform" rating to an "outperform" rating and set a $135.00 target price for the company in a research note on Friday, January 3rd.

Workiva Price Performance

NYSE WK traded up $0.25 on Monday, hitting $72.89. 56,648 shares of the stock were exchanged, compared to its average volume of 493,151. The company's 50-day moving average price is $78.96 and its two-hundred day moving average price is $90.87. Workiva has a 52-week low of $60.50 and a 52-week high of $116.83. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of -79.21 and a beta of 1.02.

Insider Transactions at Workiva

In other Workiva news, CAO Brandon Ziegler sold 4,115 shares of the company's stock in a transaction dated 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 sale, the chief accounting officer now directly owns 103,509 shares in the company, valued at $8,872,791.48. This represents a 3.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert H. Herz sold 1,000 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 34,084 shares in the company, valued at approximately $3,023,250.80. This represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,129 shares of company stock worth $1,807,333. 3.86% of the stock is owned by corporate insiders.

Institutional Trading of Workiva

Several hedge funds have recently added to or reduced their stakes in WK. Twin Tree Management LP acquired a new position in shares of Workiva during the fourth quarter worth approximately $25,000. Farther Finance Advisors LLC increased its position in Workiva by 705.9% during the first quarter. Farther Finance Advisors LLC now owns 411 shares of the software maker's stock worth $31,000 after acquiring an additional 360 shares during the period. Bessemer Group Inc. raised its stake in Workiva by 109.2% during the 1st quarter. Bessemer Group Inc. now owns 567 shares of the software maker's stock valued at $43,000 after purchasing an additional 296 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in Workiva during the 4th quarter valued at $66,000. Finally, GeoWealth Management LLC boosted its holdings in Workiva by 3,010.0% in the 4th quarter. GeoWealth Management LLC now owns 622 shares of the software maker's stock valued at $68,000 after purchasing an additional 602 shares during the period. Institutional investors own 92.21% of the company's stock.

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.