Conestoga Capital Advisors LLC Trims Stock Holdings in Workiva Inc. $WK

Conestoga Capital Advisors LLC reduced its holdings in shares of Workiva Inc. (NYSE:WK) by 14.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 996,187 shares of the software maker’s stock after selling 174,124 shares during the quarter. Conestoga Capital Advisors LLC owned about 1.78% of Workiva worth $85,752,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Eminence Capital LP raised its holdings in Workiva by 209.6% during the 2nd quarter. Eminence Capital LP now owns 2,646,768 shares of the software maker’s stock valued at $181,171,000 after acquiring an additional 1,791,768 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Workiva in the second quarter valued at $88,677,000. Geode Capital Management LLC raised its stake in shares of Workiva by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,207,108 shares of the software maker’s stock valued at $82,637,000 after purchasing an additional 4,056 shares during the period. First Trust Advisors LP lifted its holdings in Workiva by 0.4% during the 2nd quarter. First Trust Advisors LP now owns 964,347 shares of the software maker’s stock worth $66,010,000 after purchasing an additional 3,673 shares in the last quarter. Finally, Brown Capital Management LLC boosted its stake in Workiva by 0.9% in the 2nd quarter. Brown Capital Management LLC now owns 702,007 shares of the software maker’s stock worth $48,052,000 after purchasing an additional 6,528 shares during the period. 92.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on WK shares. Raymond James Financial reissued an “outperform” rating and issued a $105.00 price target on shares of Workiva in a report on Wednesday, December 10th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $110.00 target price on shares of Workiva in a report on Thursday, November 6th. UBS Group set a $110.00 price target on shares of Workiva in a report on Sunday, November 9th. BTIG Research assumed coverage on shares of Workiva in a research report on Tuesday, December 16th. They set a “buy” rating and a $105.00 price target for the company. Finally, Truist Financial increased their price objective on Workiva from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Ten analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Workiva has a consensus rating of “Moderate Buy” and a consensus target price of $103.92.

Workiva Price Performance

WK stock opened at $89.58 on Monday. The firm has a 50 day simple moving average of $88.82 and a two-hundred day simple moving average of $81.83. The stock has a market cap of $5.03 billion, a PE ratio of -106.64 and a beta of 0.60. Workiva Inc. has a one year low of $60.50 and a one year high of $115.49.

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

Workiva Company 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.