Workiva (WK) to Release Quarterly Earnings on Thursday

Workiva (NYSE:WK) is expected to be releasing its Q1 2025 earnings data after the market closes on Thursday, May 1st. Analysts expect Workiva to post earnings of $0.07 per share and revenue of $204.24 million for the quarter.

Workiva Stock Up 1.6 %

Shares of Workiva stock opened at $69.92 on Thursday. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of -76.00 and a beta of 1.02. Workiva has a 52-week low of $60.50 and a 52-week high of $116.83. The company’s 50-day simple moving average is $79.29 and its 200-day simple moving average is $90.91.

Insider Activity at Workiva

In other Workiva news, Director Robert H. Herz sold 1,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $88.70, for a total transaction of $88,700.00. Following the transaction, the director now owns 34,084 shares of the company’s stock, valued at $3,023,250.80. This represents a 2.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Michael D. Hawkins sold 10,421 shares of the firm’s 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 sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 21,129 shares of company stock valued at $1,807,333 over the last quarter. Insiders own 3.86% of the company’s stock.

Analysts Set New Price Targets

WK has been the subject of a number of analyst reports. Stephens began coverage on Workiva in a research note on Wednesday, March 19th. They set an “overweight” rating and a $111.00 target price for the company. Stifel Nicolaus reduced their target price on Workiva from $130.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Citigroup upped their price target on shares of Workiva from $128.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Truist Financial dropped their target price on shares of Workiva from $120.00 to $95.00 and set a “buy” rating for the company in a report on Monday, April 7th. Finally, The Goldman Sachs Group reduced their price objective on Workiva from $118.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $112.90.

Workiva Company Profile

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.