Stocks of Workiva Inc. (NYSE:WK) traded higher last session on Wall Street, up 1.64% to $87.89.
According to the data, Workiva Inc. (NYSE:WK) has 10 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $101.00 and a low of $65.00, we find $89.50. Given the previous closing price of $86.47, this indicates a potential upside of 3.5 percent. WK stock price is now 8.89% away from the 50-day moving average and 14.75% away from the 200-day moving average. The market capitalization of the company currently stands at $4.54B.
A total of 2 analysts have issued a hold rating and 7 have given it a buy rating. Brokers who have rated the stock have averaged $88.00 as their price target over the next twelve months.
With the price target of $101, Goldman recently initiated with Buy rating for Workiva Inc. (NYSE: WK). On September 01, 2022, Citigroup recently initiated its ‘Buy’ rating on the stock quoting a target price of $86, while ‘Stifel’ rates the stock as ‘Hold’.
In other news, Herz Robert H, Director sold 9,182 shares of the company’s stock on Jan 13. The stock was sold for $827,023 at an average price of $90.07. Upon completion of the transaction, the Director now directly owns 62,720 shares in the company, valued at $5.51 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 03, Director Herz Robert H sold 3,000 shares of the business’s stock. A total of $255,000 was realized by selling the stock at an average price of $85.00. This leaves the insider owning 71,902 shares of the company worth $6.32 million. Insiders disposed of 158,814 shares of company stock worth roughly $13.96 million over the past 1 year. A total of 2.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WK stock. A new stake in Workiva Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $154,564,000. SVB WEALTH LLC invested $8,896,000 in shares of WK during the first quarter. In the first quarter, GREAT WEST LIFE ASSURANCE CO /CAN/ acquired a new stake in Workiva Inc. valued at approximately $6,868,000. MARSHALL WACE, LLP acquired a new stake in WK for approximately $6,122,000. MILLENNIUM MANAGEMENT LLC purchased a new stake in WK valued at around $3,158,000 in the second quarter. In total, there are 358 active investors with 92.10% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $87.32 for Workiva Inc. (NYSE: WK). During the past 12 months, Workiva Inc. has had a low of $59.43 and a high of $124.76. The fifty day moving average price for WK is $81.10 and a two-hundred day moving average price translates $76.44 for the stock.
The latest earnings results from Workiva Inc. (NYSE: WK) was released for Jun, 2022. According to the Software – Application Company, earnings per share came in at -$0.17, beating analysts’ expectations of -$0.26 by 0.09. This compares to -$0.13 EPS in the same period last year. The net profit margin was -17.70% and return on equity was -363.50% for WK. The company reported revenue of $132.85 million for the quarter, compared to $112.69 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.89 percent. For the current quarter, analysts expect WK to generate $132.56M in revenue.
Workiva Inc.(WK) Company Profile
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, governance risk and compliance, human capital management, and customer relationship management systems, as well as from other third-party cloud and on-premise applications. It serves public and private companies, government agencies, and higher-education institutions. The company was founded in 2008 and is headquartered in Ames, Iowa.