Workiva Inc. $WK Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its position in shares of Workiva Inc. (NYSE:WK) by 3.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,850 shares of the software maker’s stock after selling 746 shares during the period. Janney Montgomery Scott LLC’s holdings in Workiva were worth $1,290,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in WK. SVB Wealth LLC purchased a new stake in shares of Workiva during the first quarter worth about $26,000. Farther Finance Advisors LLC increased its holdings in Workiva by 705.9% during the 1st quarter. Farther Finance Advisors LLC now owns 411 shares of the software maker’s stock worth $31,000 after purchasing an additional 360 shares during the last quarter. Harbour Investments Inc. acquired a new position in shares of Workiva in the 1st quarter valued at approximately $39,000. Bayforest Capital Ltd purchased a new position in shares of Workiva during the 1st quarter valued at approximately $39,000. Finally, Bessemer Group Inc. increased its stake in shares of Workiva by 109.2% in the first quarter. Bessemer Group Inc. now owns 567 shares of the software maker’s stock worth $43,000 after buying an additional 296 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Workiva Stock Down 0.2%

WK opened at $86.93 on Monday. The firm has a market cap of $4.87 billion, a PE ratio of -72.44 and a beta of 0.87. The business has a fifty day simple moving average of $80.30 and a 200-day simple moving average of $72.77. Workiva Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $116.83.

Workiva (NYSE:WK) last announced its earnings results on Thursday, July 31st. The software maker reported $0.19 EPS for the quarter, beating the consensus estimate of $0.05 by $0.14. The company had revenue of $215.19 million for the quarter, compared to analysts’ expectations of $208.92 million. During the same period in the prior year, the company earned $0.16 earnings per share. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. Workiva has set its FY 2025 guidance at 1.310-1.380 EPS. Q3 2025 guidance at 0.370-0.410 EPS. On average, equities research analysts anticipate that Workiva Inc. will post -0.92 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on WK. Capital One Financial set a $100.00 target price on shares of Workiva in a research report on Tuesday, September 30th. Wall Street Zen raised Workiva from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Stifel Nicolaus lifted their price objective on shares of Workiva from $85.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Wolfe Research increased their target price on shares of Workiva from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, September 10th. Finally, Citigroup lifted their price target on shares of Workiva from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, September 11th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $99.27.

Workiva 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.