Workiva Inc. $WK Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB decreased its holdings in shares of Workiva Inc. (NYSE:WK) by 5.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,290,923 shares of the software maker’s stock after selling 77,478 shares during the period. Nordea Investment Management AB owned about 2.30% of Workiva worth $110,839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC raised its position in Workiva by 44.5% during the first quarter. Millennium Management LLC now owns 237,746 shares of the software maker’s stock worth $18,047,000 after acquiring an additional 73,266 shares during the period. Empowered Funds LLC acquired a new stake in shares of Workiva in the first quarter valued at about $421,000. Geode Capital Management LLC increased its stake in shares of Workiva by 0.3% during the second quarter. Geode Capital Management LLC now owns 1,207,108 shares of the software maker’s stock worth $82,637,000 after purchasing an additional 4,056 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its stake in shares of Workiva by 4.4% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 11,538 shares of the software maker’s stock worth $790,000 after purchasing an additional 486 shares in the last quarter. Finally, TD Waterhouse Canada Inc. acquired a new position in shares of Workiva during the 2nd quarter worth about $51,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

WK has been the topic of a number of research reports. Robert W. Baird decreased their price target on shares of Workiva from $115.00 to $86.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Truist Financial reiterated a “buy” rating and set a $90.00 price objective (down from $110.00) on shares of Workiva in a research note on Friday, February 20th. Citigroup reissued a “buy” rating on shares of Workiva in a report on Monday, February 23rd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $102.00 price target on shares of Workiva in a research note on Friday, February 20th. Finally, Stifel Nicolaus dropped their price target on Workiva from $98.00 to $79.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Workiva presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.38.

Workiva Trading Down 1.3%

WK opened at $60.79 on Monday. Workiva Inc. has a twelve month low of $56.06 and a twelve month high of $97.10. The firm has a market capitalization of $3.45 billion, a PE ratio of -126.64 and a beta of 0.65. The firm’s 50-day moving average price is $69.23 and its 200 day moving average price is $80.69.

Workiva (NYSE:WK) last released its quarterly earnings data on Thursday, February 19th. The software maker reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.10. The business had revenue of $238.94 million during the quarter, compared to analyst estimates of $235.13 million. During the same quarter in the previous year, the company posted $0.35 EPS. The firm’s revenue 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. As a group, analysts predict that Workiva Inc. will post -0.92 earnings per share for the current fiscal year.

Workiva declared that its board has authorized a share buyback program on Monday, February 16th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the software maker to reacquire up to 7.7% of its shares through open market purchases. Shares buyback programs are usually a sign 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.