Campbell & CO Investment Adviser LLC Takes $447,000 Position in Workiva Inc. (NYSE:WK)

Campbell & CO Investment Adviser LLC acquired a new stake in Workiva Inc. (NYSE:WKFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,398 shares of the software maker’s stock, valued at approximately $447,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in Workiva during the fourth quarter worth approximately $107,000. Vinva Investment Management Ltd purchased a new stake in shares of Workiva in the 3rd quarter valued at approximately $162,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Workiva by 7.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,800 shares of the software maker’s stock valued at $168,000 after acquiring an additional 132 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in Workiva in the 4th quarter worth approximately $213,000. Finally, SRS Capital Advisors Inc. lifted its position in Workiva by 261.3% in the 3rd quarter. SRS Capital Advisors Inc. now owns 2,117 shares of the software maker’s stock worth $215,000 after buying an additional 1,531 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.

Workiva Stock Down 2.2 %

Shares of WK opened at $75.43 on Tuesday. The company’s fifty day moving average is $80.26 and its 200-day moving average is $88.44. Workiva Inc. has a 12 month low of $74.64 and a 12 month high of $116.00. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of -43.85 and a beta of 1.07.

Workiva (NYSE:WKGet Free Report) last posted its earnings results on Thursday, May 2nd. The software maker reported ($0.19) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.19). The firm had revenue of $175.67 million during the quarter, compared to analyst estimates of $173.85 million. As a group, research analysts predict that Workiva Inc. will post -0.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Get Our Latest Stock Analysis on WK

Insider Activity at Workiva

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

About Workiva

(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.

Further Reading

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Institutional Ownership by Quarter for Workiva (NYSE:WK)

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