Workiva (NYSE:WK) Reaches New 1-Year Low - Here's What Happened

Key Points

• 52-week low: Workiva hit a new 52-week low, trading as low as $55.64 and last at about $55.14 — down roughly 2.6% intraday and below its 50‑ and 200‑day moving averages ($62.80 and $78.90).
• Earnings beat and guidance: The company reported $0.78 EPS vs. $0.68 expected and $238.94M revenue (up 19.5% YoY), and set FY2026 EPS guidance of 2.660–2.760 and Q1 2026 guidance of 0.640–0.670.
• Buyback and analyst view: The board authorized a $250 million stock repurchase plan (about 7.7% of shares); analysts hold a "Moderate Buy" consensus with an average target of $95.38 (11 buys, 1 sell), and institutions own roughly 92.21% of the stock.

Workiva Inc. (NYSE:WK - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $55.64 and last traded at $55.1360, with a volume of 26765 shares trading hands. The stock had previously closed at $57.20.

Analyst Upgrades and Downgrades

WK has been the topic of a number of recent analyst reports. Truist Financial reaffirmed a "buy" rating and set a $90.00 price target (down from $110.00) on shares of Workiva in a report on Friday, February 20th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $102.00 price target on shares of Workiva in a report on Friday, February 20th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Workiva in a report on Wednesday, January 21st. Citigroup reaffirmed a "buy" rating on shares of Workiva in a report on Monday, February 23rd. Finally, BMO Capital Markets dropped their price target on shares of Workiva from $92.00 to $83.00 and set an "outperform" rating on the stock in a report on Friday, February 20th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Workiva has a consensus rating of "Moderate Buy" and an average target price of $95.38.

Workiva Stock Down 2.6%

The company has a market cap of $3.17 billion, a PE ratio of -116.03 and a beta of 0.68. The business's fifty day moving average is $62.80 and its 200-day moving average is $78.90.

Workiva (NYSE:WK - Get Free Report) last posted its quarterly earnings data on Thursday, February 19th. The software maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.10. The business had revenue of $238.94 million during the quarter, compared to analysts' expectations of $235.13 million. The business's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. Workiva has set its FY 2026 guidance at 2.660-2.760 EPS and its Q1 2026 guidance at 0.640-0.670 EPS. Analysts forecast that Workiva Inc. will post -0.92 EPS for the current fiscal year.

Workiva declared that its Board of Directors has authorized a stock repurchase plan on Monday, February 16th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the software maker to reacquire up to 7.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Workiva

Several large investors have recently added to or reduced their stakes in WK. Eminence Capital LP lifted its holdings in Workiva by 209.6% during the second quarter. Eminence Capital LP now owns 2,646,768 shares of the software maker's stock valued at $181,171,000 after purchasing an additional 1,791,768 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in Workiva during the third quarter valued at approximately $88,289,000. Assenagon Asset Management S.A. lifted its holdings in Workiva by 14,955.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 740,102 shares of the software maker's stock valued at $63,834,000 after purchasing an additional 735,186 shares in the last quarter. Norges Bank purchased a new position in Workiva during the fourth quarter valued at approximately $53,375,000. Finally, Irenic Capital Management LP purchased a new position in Workiva during the third quarter valued at approximately $42,783,000. Hedge funds and other institutional investors own 92.21% of the company's stock.

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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