XTX Topco Ltd Invests $690,000 in Workiva Inc. (NYSE:WK)

XTX Topco Ltd bought a new stake in Workiva Inc. (NYSE:WK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,305 shares of the software maker's stock, valued at approximately $690,000.

Other large investors have also modified their holdings of the company. Twin Tree Management LP acquired a new position in Workiva in the 4th quarter valued at about $25,000. EverSource Wealth Advisors LLC increased its position in Workiva by 14,650.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 885 shares of the software maker's stock valued at $97,000 after acquiring an additional 879 shares during the period. Nisa Investment Advisors LLC increased its position in Workiva by 8.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker's stock valued at $159,000 after acquiring an additional 116 shares during the period. Sanctuary Advisors LLC acquired a new position in Workiva in the 3rd quarter valued at about $168,000. Finally, Truist Financial Corp acquired a new position in Workiva in the 4th quarter valued at about $211,000. Institutional investors and hedge funds own 92.21% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Citigroup boosted their price target on Workiva from $128.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. BMO Capital Markets dropped their target price on Workiva from $120.00 to $108.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Truist Financial dropped their target price on Workiva from $120.00 to $95.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Stephens initiated coverage on Workiva in a research report on Wednesday, March 19th. They set an "overweight" rating and a $111.00 target price on the stock. Finally, Raymond James upgraded Workiva from a "market perform" rating to an "outperform" rating and set a $135.00 target price on the stock in a research report on Friday, January 3rd. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $112.90.

Workiva Stock Up 4.3 %

Shares of WK traded up $2.95 on Wednesday, reaching $71.77. The stock had a trading volume of 159,145 shares, compared to its average volume of 742,461. The firm has a market capitalization of $4.03 billion, a PE ratio of -78.01 and a beta of 1.02. The firm has a 50-day moving average of $79.68 and a 200 day moving average of $91.05. Workiva Inc. has a twelve month low of $60.50 and a twelve month high of $116.83.

Insider Buying and Selling

In other Workiva news, Director Robert H. Herz sold 1,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $88.70, for a total transaction of $88,700.00. Following the sale, the director now owns 34,084 shares in the company, valued at approximately $3,023,250.80. This represents a 2.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael D. Hawkins sold 10,421 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $85.43, for a total value of $890,266.03. Following the sale, the executive vice president now owns 61,298 shares in the company, 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. Insiders have sold a total of 21,129 shares of company stock worth $1,807,333 in the last quarter. Company insiders own 3.86% of the company's stock.

Workiva Profile

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.