Los Angeles Capital Management LLC Has $1.32 Million Stock Position in Workiva Inc. (NYSE:WK)

Los Angeles Capital Management LLC boosted its stake in Workiva Inc. (NYSE:WKGet Rating) by 45.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 16,991 shares of the software maker’s stock after buying an additional 5,271 shares during the period. Los Angeles Capital Management LLC’s holdings in Workiva were worth $1,322,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. CenterStar Asset Management LLC acquired a new position in Workiva in the 3rd quarter valued at about $33,000. First Horizon Advisors Inc. boosted its holdings in Workiva by 350.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 658 shares of the software maker’s stock valued at $43,000 after purchasing an additional 512 shares during the period. Lazard Asset Management LLC bought a new stake in Workiva in the 1st quarter valued at about $82,000. Benjamin Edwards Inc. boosted its holdings in Workiva by 75.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 796 shares of the software maker’s stock valued at $62,000 after purchasing an additional 343 shares during the period. Finally, EverSource Wealth Advisors LLC bought a new stake in Workiva in the 2nd quarter valued at about $53,000. Institutional investors and hedge funds own 82.41% of the company’s stock.

Workiva Trading Up 1.6 %

Shares of NYSE:WK opened at $87.89 on Monday. The company has a debt-to-equity ratio of 45.13, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a 50 day simple moving average of $82.03 and a 200 day simple moving average of $74.42. Workiva Inc. has a one year low of $59.43 and a one year high of $124.76.

Workiva (NYSE:WKGet Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The software maker reported ($0.53) EPS for the quarter, beating the consensus estimate of ($0.60) by $0.07. The business had revenue of $132.85 million during the quarter, compared to the consensus estimate of $132.42 million. Workiva had a negative net margin of 17.75% and a negative return on equity of 338.14%. As a group, research analysts anticipate that Workiva Inc. will post -1.82 EPS for the current fiscal year.

Insider Activity at Workiva

In related news, Director Brigid A. Bonner sold 2,800 shares of the stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $77.21, for a total value of $216,188.00. Following the completion of the transaction, the director now owns 16,554 shares of the company’s stock, valued at approximately $1,278,134.34. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Workiva news, Director Brigid A. Bonner sold 2,800 shares of the company’s stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $77.21, for a total value of $216,188.00. Following the completion of the transaction, the director now directly owns 16,554 shares in the company, valued at approximately $1,278,134.34. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Michael D. Hawkins sold 5,505 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $66.72, for a total transaction of $367,293.60. Following the completion of the transaction, the executive vice president now owns 58,745 shares of the company’s stock, valued at $3,919,466.40. The disclosure for this sale can be found here. Insiders sold a total of 17,487 shares of company stock valued at $1,410,504 in the last quarter. Insiders own 5.70% of the company’s stock.

Wall Street Analyst Weigh In

WK has been the subject of a number of recent research reports. Robert W. Baird cut their price objective on shares of Workiva from $105.00 to $96.00 in a report on Thursday, November 3rd. BMO Capital Markets boosted their price objective on shares of Workiva from $76.00 to $88.00 and gave the company an “outperform” rating in a report on Tuesday, December 6th. Citigroup cut their price objective on shares of Workiva from $85.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, November 3rd. Truist Financial cut their price objective on shares of Workiva from $90.00 to $80.00 in a report on Thursday, November 3rd. Finally, The Goldman Sachs Group began coverage on shares of Workiva in a report on Friday, October 21st. They set a “buy” rating and a $101.00 price target for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Workiva presently has an average rating of “Moderate Buy” and an average target price of $88.17.

About Workiva

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Workiva, Inc engages in the provision of cloud-based compliance and regulatory reporting solutions that are designed to solve business challenges at the intersection of data, process and people. Its platform, Wdesk, offers controlled collaboration, data linking, data integrations, granular permissions, process management and a full audit trail.

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Institutional Ownership by Quarter for Workiva (NYSE:WK)

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