Algert Global LLC Boosts Stake in Workiva Inc. $WK

Algert Global LLC lifted its holdings in Workiva Inc. (NYSE:WK) by 288.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 229,559 shares of the software maker’s stock after buying an additional 170,439 shares during the period. Algert Global LLC owned approximately 0.41% of Workiva worth $19,760,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Millennium Management LLC grew its stake in Workiva by 44.5% in the 1st quarter. Millennium Management LLC now owns 237,746 shares of the software maker’s stock valued at $18,047,000 after purchasing an additional 73,266 shares during the period. Empowered Funds LLC bought a new stake in shares of Workiva during the 1st quarter worth $421,000. Savant Capital LLC boosted its holdings in shares of Workiva by 41.9% in the 2nd quarter. Savant Capital LLC now owns 3,997 shares of the software maker’s stock worth $274,000 after buying an additional 1,180 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Workiva by 14.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,453 shares of the software maker’s stock worth $168,000 after buying an additional 304 shares during the last quarter. Finally, Wealth Alliance LLC grew its position in Workiva by 8.2% during the second quarter. Wealth Alliance LLC now owns 3,122 shares of the software maker’s stock valued at $214,000 after buying an additional 236 shares during the period. 92.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

WK has been the topic of several research reports. Stifel Nicolaus lowered their price objective on shares of Workiva from $98.00 to $79.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. BTIG Research reduced their target price on shares of Workiva from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Stephens set a $90.00 price target on shares of Workiva in a research note on Friday, February 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Workiva in a report on Wednesday, January 21st. Finally, Robert W. Baird dropped their price objective on Workiva from $115.00 to $86.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Eleven analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Workiva currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.38.

Workiva Stock Up 0.3%

Shares of NYSE:WK opened at $61.52 on Friday. The firm has a market capitalization of $3.50 billion, a PE ratio of -128.17 and a beta of 0.65. The company has a 50-day moving average price of $71.93 and a two-hundred day moving average price of $81.34. Workiva Inc. has a twelve month low of $56.06 and a twelve month high of $97.10.

Workiva (NYSE:WK) last posted its quarterly earnings results on Thursday, February 19th. The software maker reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.10. The business had revenue of $238.94 million during the quarter, compared to the consensus estimate of $235.13 million. During the same period last year, the firm earned $0.35 EPS. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. Workiva has set its FY 2026 guidance at 2.660-2.760 EPS and its Q1 2026 guidance at 0.640-0.670 EPS. Analysts anticipate that Workiva Inc. will post -0.92 earnings per share for the current fiscal year.

Workiva announced that its board has initiated a share repurchase plan on Monday, February 16th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the software maker to repurchase up to 7.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

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.