Cwm LLC Increases Stock Position in Workiva Inc. $WK

Cwm LLC grew its holdings in Workiva Inc. (NYSE:WK) by 66.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,348 shares of the software maker’s stock after purchasing an additional 6,105 shares during the quarter. Cwm LLC’s holdings in Workiva were worth $1,321,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Ieq Capital LLC acquired a new stake in Workiva during the 1st quarter valued at $256,000. Vident Advisory LLC raised its holdings in shares of Workiva by 27.6% in the first quarter. Vident Advisory LLC now owns 2,796 shares of the software maker’s stock worth $212,000 after acquiring an additional 604 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Workiva by 86.5% in the first quarter. AQR Capital Management LLC now owns 84,900 shares of the software maker’s stock valued at $6,445,000 after acquiring an additional 39,371 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Workiva by 1,177.5% during the first quarter. Alliancebernstein L.P. now owns 780,130 shares of the software maker’s stock valued at $59,220,000 after acquiring an additional 719,062 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Workiva by 1.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 174,625 shares of the software maker’s stock valued at $13,256,000 after acquiring an additional 2,423 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Workiva Price Performance

NYSE WK opened at $83.05 on Monday. The company has a market cap of $4.66 billion, a P/E ratio of -98.87 and a beta of 0.60. Workiva Inc. has a 12 month low of $60.50 and a 12 month high of $115.49. The company has a 50-day moving average of $88.70 and a 200-day moving average of $81.05.

Workiva (NYSE:WK) last released its earnings results on Wednesday, November 5th. The software maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.17. The company had revenue of $224.17 million during the quarter, compared to analyst estimates of $218.96 million. During the same period in the prior year, the business posted $0.21 earnings per share. Workiva’s revenue was up 20.8% on a year-over-year basis. 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 year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Truist Financial boosted their target price on shares of Workiva from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Raymond James Financial reiterated an “outperform” rating and set a $105.00 price target on shares of Workiva in a report on Wednesday, December 10th. BMO Capital Markets boosted their price objective on shares of Workiva from $100.00 to $103.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Citigroup raised their target price on shares of Workiva from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, September 11th. Finally, Stifel Nicolaus set a $98.00 target price on shares of Workiva in a research note on Thursday, November 6th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $103.92.

About Workiva

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.