Workiva (NYSE:WK) Shares Down 7.1% - Time to Sell?

Key Points

• Workiva's shares fell 7.1% on Tuesday, closing at $76.38, following a significant increase in trading volume.
• Analysts have mixed views on the stock, with nine equities research analysts rating it as a "Buy" and setting an average price target of $99.22.
• Workiva reported a 21.2% year-over-year revenue increase for the last quarter, earning $0.19 EPS and exceeding consensus estimates.

Workiva Inc. (NYSE:WK - Get Free Report) traded down 7.1% on Tuesday . The company traded as low as $76.33 and last traded at $76.38. 1,116,739 shares traded hands during mid-day trading, an increase of 60% from the average session volume of 697,831 shares. The stock had previously closed at $82.24.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wall Street Zen raised shares of Workiva from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Raymond James Financial cut their price target on shares of Workiva from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. Robert W. Baird set a $105.00 price target on shares of Workiva in a research report on Wednesday, June 25th. Citigroup reaffirmed a "buy" rating and set a $105.00 price target (down previously from $108.00) on shares of Workiva in a research report on Wednesday, July 16th. Finally, Stephens reissued an "overweight" rating and set a $95.00 price objective on shares of Workiva in a research report on Thursday, May 22nd. Nine equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Workiva has an average rating of "Buy" and an average price target of $99.22.

Workiva Trading Down 6.0%

The firm has a market cap of $4.33 billion, a P/E ratio of -64.43 and a beta of 0.87. The company's 50-day moving average is $72.04 and its two-hundred day moving average is $73.66.

Workiva (NYSE:WK - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The software maker reported $0.19 EPS for the quarter, beating the consensus estimate of $0.05 by $0.14. The firm had revenue of $215.19 million during the quarter, compared to analysts' expectations of $208.92 million. During the same quarter last year, the business posted $0.16 EPS. The company's quarterly revenue was up 21.2% on a year-over-year basis. Workiva has set its FY 2025 guidance at 1.310-1.380 EPS. Q3 2025 guidance at 0.370-0.410 EPS. Research analysts anticipate that Workiva Inc. will post -0.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Squarepoint Ops LLC boosted its holdings in Workiva by 313.4% in the 2nd quarter. Squarepoint Ops LLC now owns 103,606 shares of the software maker's stock valued at $7,092,000 after purchasing an additional 78,544 shares during the period. FORA Capital LLC bought a new stake in shares of Workiva during the 2nd quarter worth $569,000. Tower Research Capital LLC TRC lifted its holdings in shares of Workiva by 598.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,637 shares of the software maker's stock worth $523,000 after acquiring an additional 6,543 shares during the last quarter. Two Sigma Securities LLC bought a new stake in shares of Workiva during the 2nd quarter worth $411,000. Finally, Topline Capital Management LLC bought a new stake in shares of Workiva during the 2nd quarter worth $3,970,000. 92.21% of the stock is owned by institutional investors.

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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