Workiva Inc. (NYSE:WK) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its holdings in shares of Workiva Inc. (NYSE:WK) by 5.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,296 shares of the software maker’s stock after purchasing an additional 267 shares during the period. PNC Financial Services Group Inc.’s holdings in Workiva were worth $580,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of WK. Nisa Investment Advisors LLC grew its holdings in shares of Workiva by 8.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker’s stock worth $159,000 after acquiring an additional 116 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Workiva in the 3rd quarter worth approximately $168,000. Quantinno Capital Management LP acquired a new stake in shares of Workiva in the 3rd quarter worth approximately $207,000. Truist Financial Corp acquired a new stake in shares of Workiva in the 4th quarter worth approximately $211,000. Finally, Heartwood Wealth Advisors LLC acquired a new stake in shares of Workiva in the 4th quarter worth approximately $219,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Workiva Stock Down 1.2 %

Shares of Workiva stock opened at $87.46 on Wednesday. Workiva Inc. has a fifty-two week low of $65.47 and a fifty-two week high of $116.83. The firm has a market cap of $4.91 billion, a PE ratio of -95.07 and a beta of 1.09. The business’s fifty day moving average is $95.59 and its two-hundred day moving average is $91.80.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus lowered their price target on Workiva from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Citigroup increased their target price on Workiva from $128.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. The Goldman Sachs Group increased their target price on Workiva from $120.00 to $133.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. BMO Capital Markets lowered their target price on Workiva from $120.00 to $108.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. 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 report on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Workiva currently has a consensus rating of “Moderate Buy” and an average target price of $121.57.

Insiders Place Their Bets

In related news, CAO Brandon Ziegler sold 4,115 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $85.72, for a total value of $352,737.80. Following the transaction, the chief accounting officer now directly owns 103,509 shares of the company’s stock, valued at approximately $8,872,791.48. This trade represents a 3.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael D. Hawkins sold 10,421 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $85.43, for a total value of $890,266.03. Following the completion of the transaction, the executive vice president now directly owns 61,298 shares in the company, valued at $5,236,688.14. This trade represents a 14.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,129 shares of company stock valued at $1,807,333 in the last quarter. 3.86% of the stock is currently owned by company insiders.

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.