Workiva (NYSE:WK) Reaches New 1-Year Low After Analyst Downgrade

Key Points

• Workiva shares hit a new 52-week low after Stifel cut its price target to $65 (still a Buy); the stock traded as low as $49.44 and was around $51.57 on heavy volume (~2.41M shares).
• The company beat Q1 expectations (EPS $0.77 vs. $0.66; revenue $247.3M, +19.9% YoY) and raised EPS guidance (Q2: $0.62–$0.65; FY26: $2.85–$2.95), but revenue guidance was roughly flat to slightly below consensus, which likely tempered enthusiasm.
• Workiva's board approved a $250M share buyback (≈7.7% of shares) and institutional ownership is ~92%, yet valuation is high (P/E ≈224), leaving the stock sensitive to any further target cuts or downside surprises.

Workiva Inc. (NYSE:WK - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday after Stifel Nicolaus lowered their price target on the stock from $79.00 to $65.00. Stifel Nicolaus currently has a buy rating on the stock. Workiva traded as low as $49.44 and last traded at $51.57, with a volume of 2413808 shares. The stock had previously closed at $55.41.

Several other brokerages have also recently issued reports on WK. BMO Capital Markets dropped their target price on Workiva from $92.00 to $83.00 and set an "outperform" rating on the stock in a research report on Friday, February 20th. Citigroup restated a "buy" rating on shares of Workiva in a research note on Monday, February 23rd. Stephens set a $90.00 price objective on Workiva in a research report on Friday, February 20th. Robert W. Baird set a $74.00 target price on Workiva in a research note on Wednesday. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $102.00 price target on shares of Workiva in a research report on Friday, February 20th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $90.33.

More Workiva News

Here are the key news stories impacting Workiva this week:

• Positive Sentiment: Q1 results beat expectations: EPS $0.77 vs. $0.66 consensus and revenue $247.3M vs. $245.2M; revenue +19.9% YoY — shows continued top‑line growth. Workiva Announces First Quarter 2026 Financial Results
• Positive Sentiment: Management sharply raised EPS guidance: Q2 FY26 EPS guidance of $0.62–$0.65 and FY26 EPS $2.85–$2.95 — both well above prior consensus, signaling confidence in margin leverage. Earnings Presentation
• Neutral Sentiment: Analyst stance remains generally constructive — Raymond James reiterated a Buy — indicating some broker support despite volatility. Raymond James Sticks to Its Buy Rating for Workiva (WK)
• Neutral Sentiment: Full earnings-call transcript and slide deck are available for investors reviewing detail and management commentary. Workiva (WK) Q1 2026 Earnings Call Transcript
• Negative Sentiment: Revenue guidance was roughly flat to slightly below expectations (Q2 revenue $250–$252M vs. ~252.1M consensus), which may have tempered enthusiasm despite EPS guidance. Workiva Q1 results and guidance (MarketBeat)
• Negative Sentiment: Some analysts trimmed price targets (Stifel to $65, BTIG to $80) — cuts can trigger selling even when ratings remain Buy. Benzinga: Price target changes
• Negative Sentiment: Commentary and headlines flagged a sharp intraday drop, likely driven by profit‑taking after a prior run and focus on valuation (high P/E), increasing sensitivity to any softness. Why Workiva (WK) shares are plunging today

Institutional Trading of Workiva

A number of institutional investors have recently made changes to their positions in WK. Caitong International Asset Management Co. Ltd acquired a new position in Workiva during the 4th quarter valued at about $26,000. Leonteq Securities AG acquired a new stake in Workiva in the fourth quarter worth about $27,000. EverSource Wealth Advisors LLC grew its stake in shares of Workiva by 217.9% during the third quarter. EverSource Wealth Advisors LLC now owns 391 shares of the software maker's stock worth $34,000 after acquiring an additional 268 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Workiva by 82.3% during the third quarter. Allworth Financial LP now owns 412 shares of the software maker's stock valued at $35,000 after acquiring an additional 186 shares in the last quarter. Finally, Quarry LP raised its position in shares of Workiva by 396.3% in the 4th quarter. Quarry LP now owns 407 shares of the software maker's stock valued at $35,000 after purchasing an additional 325 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Workiva Stock Performance

The business's 50 day moving average is $58.62 and its 200 day moving average is $74.87. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 224.22 and a beta of 0.54.

Workiva (NYSE:WK - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The software maker reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.11. The business had revenue of $247.31 million for the quarter, compared to analyst estimates of $245.17 million. Workiva had a net margin of 1.53% and a negative return on equity of 57.27%. Workiva's revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 EPS. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. Sell-side analysts predict that Workiva Inc. will post 0.53 EPS for the current year.

Workiva announced that its Board of Directors has approved a share buyback program on Monday, February 16th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the software maker to reacquire up to 7.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its stock is undervalued.

About Workiva

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.

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