Workiva Inc. (NYSE:WK) Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its stake in shares of Workiva Inc. (NYSE:WK - Free Report) by 16.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 172,202 shares of the software maker's stock after selling 33,049 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.31% of Workiva worth $18,856,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WK. Twin Tree Management LP purchased a new position in shares of Workiva during the 4th quarter worth approximately $25,000. Johnson Financial Group Inc. purchased a new position in Workiva in the fourth quarter worth $66,000. GeoWealth Management LLC raised its position in Workiva by 3,010.0% in the fourth quarter. GeoWealth Management LLC now owns 622 shares of the software maker's stock worth $68,000 after acquiring an additional 602 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Workiva by 14,650.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 885 shares of the software maker's stock valued at $97,000 after acquiring an additional 879 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of 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 purchasing an additional 116 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Insider Activity at Workiva

In related news, CAO Brandon Ziegler sold 4,115 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $85.72, for a total transaction of $352,737.80. Following the transaction, the chief accounting officer now directly owns 103,509 shares in the company, valued at approximately $8,872,791.48. This represents a 3.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through 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. This trade represents a 4.49% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,129 shares of company stock valued at $1,807,333. Company insiders own 3.86% of the company's stock.

Analyst Upgrades and Downgrades

WK has been the subject of a number of research analyst reports. BNP Paribas began coverage on shares of Workiva in a report on Tuesday, April 22nd. They issued an "outperform" rating and a $100.00 price target for the company. Citigroup increased their target price on shares of Workiva from $128.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Truist Financial decreased their price target on Workiva from $120.00 to $95.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Stephens started coverage on Workiva in a research note on Wednesday, March 19th. They issued an "overweight" rating and a $111.00 price objective for the company. Finally, The Goldman Sachs Group decreased their target price on Workiva from $118.00 to $105.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $107.90.

Workiva Price Performance

Workiva stock traded up $0.88 during mid-day trading on Tuesday, hitting $70.97. 67,527 shares of the company were exchanged, compared to its average volume of 735,387. Workiva Inc. has a 12-month low of $60.50 and a 12-month high of $116.83. The company has a market capitalization of $3.98 billion, a P/E ratio of -77.14 and a beta of 0.98. The business's 50 day simple moving average is $73.58 and its two-hundred day simple moving average is $89.98.

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, topping analysts' consensus estimates of $0.07 by $0.07. The company had revenue of $206.28 million for the quarter, compared to analysts' expectations of $204.24 million. During the same quarter in the prior year, the business posted $0.22 EPS. The company's revenue for the quarter was up 17.4% compared to the same quarter last year. Equities research analysts predict 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.