Workiva Inc. (NYSE:WK) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. trimmed its position in shares of Workiva Inc. (NYSE:WKGet Rating) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,148 shares of the software maker’s stock after selling 1,133 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.11% of Workiva worth $7,588,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC purchased a new stake in Workiva during the 1st quarter worth $2,535,000. Virginia Retirement Systems ET AL purchased a new stake in Workiva during the 3rd quarter worth $789,000. Strs Ohio boosted its position in Workiva by 102.9% during the 3rd quarter. Strs Ohio now owns 7,100 shares of the software maker’s stock worth $1,000,000 after purchasing an additional 3,600 shares during the period. Convergence Investment Partners LLC purchased a new stake in Workiva during the 3rd quarter worth $347,000. Finally, Aegon Asset Management UK PLC purchased a new position in Workiva in the 3rd quarter valued at about $45,278,000. Institutional investors and hedge funds own 85.94% of the company’s stock.

In related news, EVP Michael D. Hawkins sold 3,433 shares of the firm’s stock in a transaction that occurred on Wednesday, February 9th. The shares were sold at an average price of $120.00, for a total value of $411,960.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mithun Banarjee sold 7,042 shares of the firm’s stock in a transaction that occurred on Wednesday, March 9th. The stock was sold at an average price of $101.73, for a total transaction of $716,382.66. The disclosure for this sale can be found here. Insiders sold 11,975 shares of company stock valued at $1,271,908 over the last quarter. Insiders own 12.25% of the company’s stock.

Shares of NYSE:WK opened at $110.03 on Monday. The firm’s 50 day moving average is $108.78 and its two-hundred day moving average is $125.99. Workiva Inc. has a 52 week low of $83.65 and a 52 week high of $173.24. The firm has a market capitalization of $5.72 billion, a P/E ratio of -146.71 and a beta of 1.46. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.21.

Workiva (NYSE:WKGet Rating) last posted its quarterly earnings data on Monday, February 21st. The software maker reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.09. The business had revenue of $120.78 million during the quarter, compared to analysts’ expectations of $117.10 million. Workiva had a negative net margin of 8.51% and a negative return on equity of 39.05%. The business’s revenue was up 28.7% on a year-over-year basis. During the same period last year, the firm posted ($0.11) earnings per share. Analysts predict that Workiva Inc. will post -1.91 EPS for the current year.

A number of research firms have weighed in on WK. Citigroup began coverage on shares of Workiva in a research report on Tuesday, February 1st. They issued a “buy” rating and a $135.00 price objective for the company. William Blair reissued an “outperform” rating on shares of Workiva in a research report on Wednesday, February 23rd. Robert W. Baird reduced their price target on shares of Workiva from $190.00 to $150.00 in a research report on Wednesday, February 23rd. Zacks Investment Research cut shares of Workiva from a “hold” rating to a “sell” rating in a research report on Tuesday, March 8th. Finally, Stifel Nicolaus reduced their price target on shares of Workiva from $150.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, February 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Workiva currently has a consensus rating of “Buy” and a consensus target price of $134.67.

Workiva Company Profile (Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for Workiva (NYSE:WK)

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