Workiva (NYSE:WK) PT Lowered to $95.00 at Citigroup

Workiva (NYSE:WK) had its price objective reduced by Citigroup from $110.00 to $95.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have a buy rating on the software maker’s stock.

Several other equities research analysts also recently weighed in on the stock. Stifel Nicolaus dropped their target price on shares of Workiva from $92.00 to $85.00 and set a hold rating for the company in a research report on Wednesday, February 21st. BMO Capital Markets dropped their target price on shares of Workiva from $123.00 to $113.00 and set an outperform rating for the company in a research report on Wednesday, February 21st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and an average price target of $111.63.

Workiva Price Performance

Shares of WK stock opened at $79.93 on Tuesday. Workiva has a 12 month low of $76.63 and a 12 month high of $116.00. The firm has a market capitalization of $4.37 billion, a P/E ratio of -33.73 and a beta of 1.03. The company’s fifty day moving average price is $83.71 and its two-hundred day moving average price is $91.53.

Workiva (NYSE:WK) last issued its quarterly earnings data on Tuesday, February 20th. The software maker reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.10. The firm had revenue of $166.65 million during the quarter, compared to analyst estimates of $164.44 million. On average, sell-side analysts anticipate that Workiva will post -0.91 EPS for the current year.

Insider Activity at Workiva

In related news, EVP Michael D. Hawkins sold 11,439 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $93.62, for a total transaction of $1,070,919.18. Following the completion of the sale, the executive vice president now owns 62,453 shares of the company’s stock, valued at approximately $5,846,849.86. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 5.71% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Harvest Fund Management Co. Ltd bought a new position in Workiva in the 3rd quarter worth about $54,000. SG Americas Securities LLC bought a new position in Workiva in the 4th quarter worth about $107,000. GPS Wealth Strategies Group LLC grew its position in Workiva by 19.4% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 1,075 shares of the software maker’s stock worth $109,000 after purchasing an additional 175 shares during the last quarter. Vinva Investment Management Ltd bought a new position in Workiva in the 3rd quarter worth about $162,000. Finally, Fifth Third Bancorp grew its position in Workiva by 9.0% in the 1st quarter. Fifth Third Bancorp now owns 1,692 shares of the software maker’s stock worth $143,000 after purchasing an additional 140 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Workiva Company 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.