Workiva (NYSE:WK) Announces Quarterly Earnings Results

Workiva (NYSE:WK - Get Free Report) announced its quarterly earnings data on Thursday. The software maker reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.07, Briefing.com reports. The business had revenue of $206.28 million during the quarter, compared to the consensus estimate 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 company earned $0.22 EPS. Workiva updated its FY 2025 guidance to 1.020-1.090 EPS and its Q2 2025 guidance to 0.050-0.050 EPS.

Workiva Stock Performance

Shares of WK opened at $67.31 on Friday. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of -73.16 and a beta of 1.02. The stock's 50-day simple moving average is $77.42 and its 200 day simple moving average is $90.63. Workiva has a 52-week low of $60.50 and a 52-week high of $116.83.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WK. Stifel Nicolaus decreased their price objective on shares of Workiva from $120.00 to $100.00 and set a "buy" rating for the company in a report on Friday. BMO Capital Markets lowered their price target on shares of Workiva from $120.00 to $108.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Raymond James reduced their price objective on Workiva from $125.00 to $105.00 and set an "outperform" rating for the company in a report on Friday. Citigroup boosted their target price on Workiva from $128.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Finally, BNP Paribas assumed coverage on Workiva in a research note on Tuesday, April 22nd. They set an "outperform" rating and a $100.00 price target for the company. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Workiva presently has an average rating of "Moderate Buy" and an average target price of $107.90.

Insider Activity

In related news, Director Robert H. Herz sold 1,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $88.70, for a total transaction of $88,700.00. Following the transaction, the director now owns 34,084 shares in the company, valued at $3,023,250.80. This represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael D. Hawkins sold 10,421 shares of Workiva stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $85.43, for a total transaction of $890,266.03. Following the completion of the sale, the executive vice president now directly owns 61,298 shares of the company's stock, valued at approximately $5,236,688.14. This trade represents a 14.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,129 shares of company stock worth $1,807,333. Corporate insiders own 3.86% 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.

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