Workiva Inc. (NYSE:WK) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its holdings in shares of Workiva Inc. (NYSE:WK) by 29.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,668 shares of the software maker’s stock after purchasing an additional 1,761 shares during the period. Teacher Retirement System of Texas’ holdings in Workiva were worth $840,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of WK. Twin Tree Management LP acquired a new stake in shares of Workiva during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC increased its position in Workiva by 14,650.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 885 shares of the software maker’s stock worth $97,000 after buying an additional 879 shares during the period. Nisa Investment Advisors LLC lifted its stake in Workiva by 8.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker’s stock valued at $159,000 after buying an additional 116 shares during the last quarter. Truist Financial Corp acquired a new position in shares of Workiva during the fourth quarter valued at $211,000. Finally, Heartwood Wealth Advisors LLC bought a new position in shares of Workiva during the fourth quarter worth about $219,000. 92.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on WK shares. BMO Capital Markets cut their price objective on shares of Workiva from $120.00 to $108.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Robert W. Baird boosted their price objective on Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Citigroup increased their price objective on Workiva from $128.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Stifel Nicolaus cut their target price on Workiva from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Finally, Raymond James raised Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price target for the company in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $118.38.

Workiva Stock Down 3.0 %

Shares of Workiva stock opened at $78.66 on Friday. The business has a fifty day simple moving average of $91.56 and a 200-day simple moving average of $92.30. Workiva Inc. has a fifty-two week low of $65.47 and a fifty-two week high of $116.83. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of -85.50 and a beta of 1.09.

Insider Buying and Selling at Workiva

In related news, EVP Michael D. Hawkins sold 10,421 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $85.43, for a total value of $890,266.03. Following the completion of the transaction, the executive vice president now owns 61,298 shares in the company, valued at $5,236,688.14. This trade represents a 14.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Brandon Ziegler sold 4,115 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $85.72, for a total value of $352,737.80. Following the sale, the chief accounting officer now owns 103,509 shares in the company, valued at approximately $8,872,791.48. The trade was a 3.82 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 21,129 shares of company stock valued at $1,807,333. 3.86% of the stock is owned by insiders.

About Workiva

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.