8,329 Shares in Workiva Inc. $WK Bought by Brookstone Capital Management

Brookstone Capital Management acquired a new stake in Workiva Inc. (NYSE:WK) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 8,329 shares of the software maker’s stock, valued at approximately $717,000.

Other large investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC acquired a new stake in shares of Workiva in the 1st quarter valued at about $163,000. Ieq Capital LLC acquired a new stake in Workiva in the 1st quarter valued at approximately $256,000. Magnetar Financial LLC acquired a new stake in Workiva in the 1st quarter valued at approximately $209,000. Vident Advisory LLC lifted its stake in Workiva by 27.6% in the 1st quarter. Vident Advisory LLC now owns 2,796 shares of the software maker’s stock valued at $212,000 after acquiring an additional 604 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Workiva by 86.5% during the 1st quarter. AQR Capital Management LLC now owns 84,900 shares of the software maker’s stock worth $6,445,000 after acquiring an additional 39,371 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Workiva Price Performance

Shares of WK stock opened at $86.57 on Tuesday. The company has a fifty day moving average price of $89.03 and a two-hundred day moving average price of $80.52. Workiva Inc. has a one year low of $60.50 and a one year high of $115.49. The stock has a market cap of $4.86 billion, a P/E ratio of -103.05 and a beta of 0.64.

Workiva (NYSE:WK) last issued its earnings results on Wednesday, November 5th. The software maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.17. The firm had revenue of $224.17 million during the quarter, compared to the consensus estimate of $218.96 million. During the same period in the previous year, the company posted $0.21 earnings per share. The firm’s revenue for the quarter was up 20.8% compared to the same quarter last year. Workiva has set its FY 2025 guidance at 1.650-1.68 EPS and its Q4 2025 guidance at 0.670-0.700 EPS. As a group, equities research analysts anticipate that Workiva Inc. will post -0.92 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on WK. Citigroup lifted their price objective on shares of Workiva from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, September 11th. Wolfe Research lifted their price target on shares of Workiva from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, September 10th. BMO Capital Markets boosted their price target on shares of Workiva from $100.00 to $103.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. The Goldman Sachs Group restated a “buy” rating and set a $110.00 price objective on shares of Workiva in a research note on Thursday, November 6th. Finally, Truist Financial lifted their target price on Workiva from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $103.92.

Workiva Profile

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.