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

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its position in shares of Workiva Inc. (NYSE:WK - Free Report) by 16.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 172,202 shares of the software maker's stock after selling 33,049 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.31% of Workiva worth $18,856,000 as of its most recent SEC filing.

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

Workiva Price Performance

NYSE WK opened at $72.03 on Thursday. Workiva Inc. has a 12 month low of $60.50 and a 12 month high of $116.83. The firm has a market capitalization of $4.04 billion, a PE ratio of -78.29 and a beta of 0.98. The company's 50 day simple moving average is $74.46 and its 200 day simple moving average is $90.02.

Workiva (NYSE:WK - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The software maker reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.07. The firm 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 earnings per share. Sell-side analysts anticipate that Workiva Inc. will post -0.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on WK shares. Truist Financial cut their target price on Workiva from $120.00 to $95.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. BMO Capital Markets cut their price objective on shares of Workiva from $120.00 to $108.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. BNP Paribas assumed 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. Stephens started coverage on shares of Workiva in a research note on Wednesday, March 19th. They issued an "overweight" rating and a $111.00 price target on the stock. Finally, Citigroup boosted their price objective on Workiva from $128.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Workiva presently has a consensus rating of "Moderate Buy" and a consensus target price of $107.90.

Insider Buying and Selling at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 10,421 shares of Workiva stock in a transaction that occurred on 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Brandon Ziegler sold 4,115 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $85.72, for a total value of $352,737.80. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 21,129 shares of company stock valued at $1,807,333. 3.86% of the stock is owned by insiders.

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.

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