Workiva (NYSE:WK) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Workiva (NYSE:WK - Get Free Report) 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, Briefing.com reports. The firm had revenue of $206.28 million for the quarter, compared to analyst estimates of $204.24 million. The company's revenue was up 17.4% compared to the same quarter last year. During the same period 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

Workiva stock traded up $1.35 during mid-day trading on Thursday, reaching $69.12. The company's stock had a trading volume of 389,675 shares, compared to its average volume of 513,999. The business's 50 day simple moving average is $76.16 and its 200 day simple moving average is $90.33. Workiva has a 12 month low of $60.50 and a 12 month high of $116.83. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of -75.13 and a beta of 0.98.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on WK shares. Stifel Nicolaus reduced their price objective on shares of Workiva from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. The Goldman Sachs Group decreased their target price on Workiva from $118.00 to $105.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Truist Financial reduced their price target on shares of Workiva from $120.00 to $95.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Raymond James cut their price objective on Workiva from $125.00 to $105.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, BMO Capital Markets lowered their target price on Workiva from $120.00 to $108.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $107.90.

Insider Transactions at Workiva

In related news, EVP Michael D. Hawkins sold 10,421 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $85.43, for a total transaction of $890,266.03. Following the transaction, the executive vice president now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert H. Herz sold 1,000 shares of Workiva stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $88.70, for a total transaction of $88,700.00. Following the completion of the transaction, the director now directly owns 34,084 shares of the company's stock, valued at approximately $3,023,250.80. This trade represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,129 shares of company stock worth $1,807,333 in the last three months. 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.