Workiva Inc. (NYSE:WK) Position Boosted by Xponance Inc.

Xponance Inc. raised its holdings in shares of Workiva Inc. (NYSE:WK) by 6.7% during the 1st quarter, HoldingsChannel reports. The fund owned 3,850 shares of the software maker’s stock after purchasing an additional 241 shares during the period. Xponance Inc.’s holdings in Workiva were worth $292,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of WK. Farther Finance Advisors LLC grew its stake in shares of Workiva by 705.9% in the 1st quarter. Farther Finance Advisors LLC now owns 411 shares of the software maker’s stock valued at $31,000 after buying an additional 360 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Workiva by 109.2% in the 1st quarter. Bessemer Group Inc. now owns 567 shares of the software maker’s stock valued at $43,000 after buying an additional 296 shares in the last quarter. Global Wealth Strategies & Associates bought a new stake in shares of Workiva in the 1st quarter valued at approximately $53,000. Johnson Financial Group Inc. bought a new stake in shares of Workiva in the 4th quarter valued at approximately $66,000. Finally, GeoWealth Management LLC grew its stake in shares of Workiva by 3,010.0% in the 4th quarter. GeoWealth Management LLC now owns 622 shares of the software maker’s stock valued at $68,000 after buying an additional 602 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Workiva Stock Up 0.1%

Shares of Workiva stock opened at $66.56 on Friday. Workiva Inc. has a 12-month low of $60.50 and a 12-month high of $116.83. The stock has a market capitalization of $3.71 billion, a P/E ratio of -56.89 and a beta of 0.86. The stock has a 50 day moving average price of $68.12 and a two-hundred day moving average price of $80.27.

Workiva (NYSE:WK) last posted its quarterly earnings data on Thursday, May 1st. The software maker reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.07. The business had revenue of $206.28 million during the quarter, compared to the consensus estimate of $204.24 million. During the same period in the prior year, the company posted $0.22 earnings per share. The firm’s revenue was up 17.4% compared to the same quarter last year. Sell-side analysts anticipate that Workiva Inc. will post -0.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Raymond James Financial lowered their price target on Workiva from $125.00 to $105.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Truist Financial decreased their target price on Workiva from $120.00 to $95.00 and set a “buy” rating for the company in a research report on Monday, April 7th. Citigroup reaffirmed a “buy” rating and set a $105.00 target price (down previously from $108.00) on shares of Workiva in a research report on Wednesday. Stifel Nicolaus decreased their target price on Workiva from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group decreased their target price on Workiva from $118.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Workiva has a consensus rating of “Moderate Buy” and an average target price of $101.30.

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.