CenterBook Partners LP Raises Position in Workiva Inc. (NYSE:WK)

CenterBook Partners LP grew its position in Workiva Inc. (NYSE:WKFree Report) by 11.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,942 shares of the software maker’s stock after buying an additional 418 shares during the period. CenterBook Partners LP’s holdings in Workiva were worth $400,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of WK. SG Americas Securities LLC purchased a new position in shares of Workiva during the fourth quarter valued at approximately $107,000. Vinva Investment Management Ltd purchased a new position in shares of Workiva during the third quarter valued at approximately $162,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Workiva by 7.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,800 shares of the software maker’s stock valued at $168,000 after purchasing an additional 132 shares during the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Workiva during the fourth quarter valued at approximately $213,000. Finally, SRS Capital Advisors Inc. raised its holdings in shares of Workiva by 261.3% during the third quarter. SRS Capital Advisors Inc. now owns 2,117 shares of the software maker’s stock valued at $215,000 after purchasing an additional 1,531 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Workiva Trading Down 0.8 %

WK opened at $77.09 on Monday. Workiva Inc. has a 1-year low of $74.67 and a 1-year high of $116.00. The company has a 50 day simple moving average of $80.26 and a two-hundred day simple moving average of $88.48.

Workiva (NYSE:WKGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The software maker reported ($0.19) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.19). The firm had revenue of $175.67 million during the quarter, compared to the consensus estimate of $173.85 million. On average, equities research analysts expect that Workiva Inc. will post -0.62 EPS for the current year.

Insider Buying and Selling

In related news, EVP Michael D. Hawkins sold 3,435 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $81.46, for a total transaction of $279,815.10. Following the completion of the transaction, the executive vice president now owns 55,487 shares in the company, valued at $4,519,971.02. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.86% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

WK has been the subject of several research reports. Citigroup decreased their price objective on shares of Workiva from $110.00 to $95.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Stifel Nicolaus reduced their target price on shares of Workiva from $92.00 to $85.00 and set a “hold” rating for the company in a report on Wednesday, February 21st. BMO Capital Markets reduced their target price on shares of Workiva from $123.00 to $113.00 and set an “outperform” rating for the company in a report on Wednesday, February 21st. Finally, William Blair reaffirmed an “outperform” rating on shares of Workiva in a report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Workiva currently has an average rating of “Moderate Buy” and an average price target of $111.86.

Check Out Our Latest Stock Analysis on WK

Workiva Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Workiva (NYSE:WK)

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