Workiva - WK Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Workiva in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" WK shares.
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5 brokers have issued 12 month price targets for Workiva's shares. Their WK share price forecasts range from $80.00 to $108.00. On average, they expect the company's stock price to reach $97.50 in the next year. This suggests that the stock has a possible downside of 0.5%.
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Workiva's stock was trading at $83.97 on January 1st, 2023. Since then, WK stock has increased by 16.7% and is now trading at $98.01.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
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Workiva Inc. (NYSE:WK) released its earnings results on Tuesday, February, 21st. The software maker reported ($0.23) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.43) by $0.20. The software maker earned $143.80 million during the quarter, compared to analyst estimates of $139.22 million. Workiva had a negative trailing twelve-month return on equity of 1,024.28% and a negative net margin of 16.91%.

ETFs with the largest weight of Workiva (NYSE:WK) stock in their portfolio include Global X Cloud Computing ETF (CLOU), First Trust Cloud Computing ETF (SKYY), WisdomTree Cloud Computing Fund (WCLD), Nuveen Small Cap Select ETF (NSCS), ProShares Ultra Cloud Computing (SKYU), First Trust Innovation Leaders ETF (ILDR), Direxion Daily Cloud Computing Bull 2X Shares (CLDL) and SPDR S&P Software & Services ETF (XSW).

Workiva issued an update on its FY 2023 earnings guidance on Tuesday, February, 21st. The company provided earnings per share guidance of -$0.13--$0.10 for the period, compared to the consensus estimate of 0. The company issued revenue guidance of $624.00 million-$626.00 million, compared to the consensus revenue estimate of $621.34 million.

62 employees have rated Workiva Chief Executive Officer Martin Vanderploeg on Glassdoor.com. Martin Vanderploeg has an approval rating of 95% among the company's employees. This puts Martin Vanderploeg in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 84.0% of employees surveyed would recommend working at Workiva to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Workiva investors own include Twilio (TWLO), Advanced Micro Devices (AMD), Bank of America (BAC), NVIDIA (NVDA), Block (SQ), AbbVie (ABBV), Adobe (ADBE), Cisco Systems (CSCO), Intelsat (I) and Verizon Communications (VZ).

(WK) raised $101 million in an IPO on Friday, December 12th 2014. The company issued 7,200,000 shares at a price of $13.00-$15.00 per share. Morgan Stanley and Credit Suisse acted as the underwriters for the IPO and Baird, Raymond James and Stifel were co-managers.

Workiva trades on the New York Stock Exchange (NYSE) under the ticker symbol "WK."

Workiva's stock is owned by a variety of retail and institutional investors. Top institutional investors include Riverbridge Partners LLC (4.14%), T. Rowe Price Investment Management Inc. (3.78%), Brown Advisory Inc. (3.24%), Artisan Partners Limited Partnership (2.39%), Macquarie Group Ltd. (2.09%) and Conestoga Capital Advisors LLC (1.75%). Insiders that own company stock include Brandon Ziegler, Brigid A Bonner, Eugene S Katz, J Stuart Miller, Jeff D Trom, Jill Klindt, Julie Iskow, Martin J Vanderploeg, Martin J Vanderploeg, Michael D Hawkins, Michael M Crow, Mithun Banarjee, Robert H Herz and Robert Scott Brogi.
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Shares of WK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WK stock can currently be purchased for approximately $98.01.

Workiva (NYSE:WK) has a market capitalization of $5.20 billion and generates $537.88 million in revenue each year. The software maker earns $-90,950,000.00 in net income (profit) each year or ($1.72) on an earnings per share basis.

The company employs 2,447 workers across the globe.

Workiva's mailing address is 2900 UNIVERSITY BLVD., AMES IA, 50010. The official website for the company is www.workiva.com. The software maker can be reached via phone at (888) 275-3125 or via email at investor@workiva.com.