Workiva Inc. $WK Shares Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS raised its stake in Workiva Inc. (NYSE:WK) by 8.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,300 shares of the software maker’s stock after acquiring an additional 800 shares during the period. KLP Kapitalforvaltning AS’s holdings in Workiva were worth $705,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Farther Finance Advisors LLC lifted its holdings in shares of Workiva by 705.9% in 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. Janney Montgomery Scott LLC increased its position in Workiva by 1.9% in the first quarter. Janney Montgomery Scott LLC now owns 19,596 shares of the software maker’s stock worth $1,488,000 after buying an additional 371 shares during the period. Bessemer Group Inc. increased its position in 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 period. Goodman Advisory Group LLC bought a new position in shares of Workiva during the first quarter worth about $2,618,000. Finally, Teacher Retirement System of Texas grew its position in shares of Workiva by 13.9% during the first quarter. Teacher Retirement System of Texas now owns 8,734 shares of the software maker’s stock worth $663,000 after acquiring an additional 1,066 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on WK. Robert W. Baird set a $105.00 target price on shares of Workiva in a research note on Wednesday, June 25th. BMO Capital Markets lifted their price target on Workiva from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Raymond James Financial lowered their target price on Workiva from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Friday, August 1st. Capital One Financial set a $100.00 target price on Workiva in a research report on Tuesday, September 30th. Finally, Citigroup upped their price objective on shares of Workiva from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, September 11th. Ten research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $99.27.

Workiva Trading Up 1.1%

Shares of Workiva stock opened at $87.27 on Friday. The company’s 50-day moving average price is $80.99 and its two-hundred day moving average price is $73.12. Workiva Inc. has a 52 week low of $60.50 and a 52 week high of $116.83. The stock has a market cap of $4.89 billion, a PE ratio of -72.72 and a beta of 0.87.

Workiva (NYSE:WK) last issued its earnings results on Thursday, July 31st. The software maker reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.14. The business had revenue of $215.19 million for the quarter, compared to the consensus estimate of $208.92 million. The company’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.16 earnings per share. 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 analysts predict that Workiva Inc. will post -0.92 EPS for the current fiscal year.

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.