Principal Financial Group Inc. Sells 666 Shares of Workiva Inc. (NYSE:WK)

Principal Financial Group Inc. decreased its stake in shares of Workiva Inc. (NYSE:WKFree Report) by 11.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,111 shares of the software maker’s stock after selling 666 shares during the quarter. Principal Financial Group Inc.’s holdings in Workiva were worth $518,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of WK. Cornerstone Planning Group LLC bought a new stake in shares of Workiva during the 2nd quarter worth $27,000. GHP Investment Advisors Inc. bought a new stake in shares of Workiva during the 4th quarter worth $28,000. Belpointe Asset Management LLC increased its holdings in Workiva by 133.8% in the 1st quarter. Belpointe Asset Management LLC now owns 346 shares of the software maker’s stock worth $35,000 after acquiring an additional 198 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in Workiva in the 1st quarter worth about $82,000. Finally, Pinebridge Investments L.P. purchased a new stake in Workiva in the 2nd quarter worth about $98,000. Institutional investors and hedge funds own 83.69% of the company’s stock.

Insider Buying and Selling at Workiva

In other Workiva news, CFO Jill Klindt sold 2,931 shares of Workiva stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $95.20, for a total transaction of $279,031.20. Following the completion of the transaction, the chief financial officer now owns 80,197 shares of the company’s stock, valued at approximately $7,634,754.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Jill Klindt sold 2,931 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $95.20, for a total transaction of $279,031.20. Following the completion of the transaction, the chief financial officer now owns 80,197 shares of the company’s stock, valued at $7,634,754.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael D. Hawkins sold 11,439 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $93.62, for a total value of $1,070,919.18. Following the transaction, the executive vice president now directly owns 62,453 shares of the company’s stock, valued at approximately $5,846,849.86. The disclosure for this sale can be found here. Insiders own 5.71% of the company’s stock.

Workiva Stock Up 2.7 %

WK stock opened at $95.97 on Monday. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 2,262.59. The firm has a market capitalization of $5.19 billion, a PE ratio of -37.64 and a beta of 1.08. Workiva Inc. has a twelve month low of $83.00 and a twelve month high of $116.00. The stock has a 50-day simple moving average of $97.08 and a two-hundred day simple moving average of $98.91.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus decreased their price objective on Workiva from $97.00 to $92.00 and set a “hold” rating for the company in a report on Tuesday, October 31st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $115.38.

Get Our Latest Stock Analysis on Workiva

Workiva Company Profile

(Free Report)

Workiva Inc, together with its subsidiaries, provides cloud-based compliance and regulatory reporting solutions worldwide. The company offers Workiva platform that offers controlled collaboration, data linking, data integrations, granular permissions, process management, and full audit trail services; and provides tools that enables customers to connect data from enterprise resource planning, human capital management, and customer relationship management systems, as well as from other third-party cloud and on-premise applications.

Further Reading

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Institutional Ownership by Quarter for Workiva (NYSE:WK)

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