Workiva Inc. (NYSE:WK) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC lessened its holdings in Workiva Inc. (NYSE:WK - Free Report) by 17.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,529 shares of the software maker's stock after selling 9,346 shares during the period. AQR Capital Management LLC owned about 0.08% of Workiva worth $4,985,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its holdings in Workiva by 6.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 9,060 shares of the software maker's stock valued at $992,000 after acquiring an additional 537 shares in the last quarter. Heartwood Wealth Advisors LLC bought a new position in Workiva in the 4th quarter valued at approximately $219,000. Park Avenue Securities LLC raised its position in Workiva by 4.5% in the 4th quarter. Park Avenue Securities LLC now owns 4,561 shares of the software maker's stock valued at $499,000 after buying an additional 198 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Workiva by 8.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker's stock valued at $159,000 after purchasing an additional 116 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Workiva by 141.6% in the 4th quarter. SG Americas Securities LLC now owns 9,341 shares of the software maker's stock valued at $1,023,000 after purchasing an additional 5,475 shares during the period. Institutional investors and hedge funds own 92.21% of the company's stock.

Wall Street Analyst Weigh In

WK has been the topic of a number of analyst reports. BMO Capital Markets dropped their price target on shares of Workiva from $120.00 to $108.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. The Goldman Sachs Group dropped their price objective on Workiva from $118.00 to $105.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Truist Financial reduced their price objective on Workiva from $120.00 to $95.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Citigroup raised their price target 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. Finally, Stifel Nicolaus reduced their price objective on Workiva from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $107.90.

Insider Buying and Selling

In other Workiva news, CAO Brandon Ziegler sold 4,115 shares of the 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 sale, the chief accounting officer now directly owns 103,509 shares of the company's stock, valued at $8,872,791.48. This trade represents a 3.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction, the chief financial officer now owns 119,054 shares in the company, valued at $10,124,352.16. This trade represents a 4.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,129 shares of company stock valued at $1,807,333 over the last ninety days. 3.86% of the stock is owned by corporate insiders.

Workiva Trading Up 0.2%

Shares of Workiva stock traded up $0.14 during midday trading on Wednesday, reaching $72.16. The company had a trading volume of 91,728 shares, compared to its average volume of 521,093. The stock has a fifty day simple moving average of $74.74 and a 200 day simple moving average of $90.14. Workiva Inc. has a 1-year low of $60.50 and a 1-year high of $116.83. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of -78.43 and a beta of 0.98.

Workiva (NYSE:WK - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $206.28 million during the quarter, compared to the consensus estimate of $204.24 million. The company's revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 earnings per share. Sell-side analysts expect 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.