Point72 Asset Management L.P. Boosts Stock Position in Workiva Inc (NYSE:WK)

Point72 Asset Management L.P. increased its holdings in Workiva Inc (NYSE:WK) by 377.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,300 shares of the software maker’s stock after purchasing an additional 3,400 shares during the quarter. Point72 Asset Management L.P.’s holdings in Workiva were worth $188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Workiva by 541.7% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 462 shares of the software maker’s stock worth $27,000 after buying an additional 390 shares during the period. FTB Advisors Inc. increased its stake in shares of Workiva by 130.4% during the third quarter. FTB Advisors Inc. now owns 721 shares of the software maker’s stock valued at $31,000 after buying an additional 408 shares during the period. Meeder Asset Management Inc. raised its holdings in shares of Workiva by 215.6% during the second quarter. Meeder Asset Management Inc. now owns 1,654 shares of the software maker’s stock valued at $96,000 after acquiring an additional 1,130 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Workiva by 21.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,874 shares of the software maker’s stock valued at $109,000 after acquiring an additional 335 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Workiva in the second quarter worth $151,000. 59.18% of the stock is currently owned by institutional investors.

In other Workiva news, CAO Jill Klindt sold 12,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $42.05, for a total value of $504,600.00. Following the completion of the transaction, the chief accounting officer now owns 28,090 shares in the company, valued at $1,181,184.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 18.46% of the stock is owned by corporate insiders.

WK stock opened at $43.71 on Friday. Workiva Inc has a fifty-two week low of $31.83 and a fifty-two week high of $64.11. The business’s 50 day moving average price is $41.75 and its two-hundred day moving average price is $49.85. The company has a debt-to-equity ratio of 4.48, a quick ratio of 2.63 and a current ratio of 2.63. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of -47.00 and a beta of 0.98.

Workiva (NYSE:WK) last released its earnings results on Wednesday, November 6th. The software maker reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.36) by $0.24. Workiva had a negative return on equity of 208.31% and a negative net margin of 14.02%. The company had revenue of $74.18 million during the quarter, compared to analysts’ expectations of $72.32 million. During the same quarter last year, the business posted ($0.09) EPS. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. Sell-side analysts forecast that Workiva Inc will post -1.03 earnings per share for the current year.

Several analysts recently weighed in on WK shares. Zacks Investment Research upgraded shares of Workiva from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Morgan Stanley decreased their price objective on shares of Workiva from $46.00 to $42.00 and set an “underweight” rating for the company in a report on Wednesday, October 16th. ValuEngine raised shares of Workiva from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Goldman Sachs Group started coverage on shares of Workiva in a research report on Monday, November 11th. They issued a “neutral” rating and a $46.00 target price for the company. Finally, Northland Securities reaffirmed a “buy” rating and set a $62.00 target price on shares of Workiva in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $56.20.

Workiva Profile

Workiva Inc provides cloud-based solutions for connected data, reporting, and compliance worldwide. The company offers Wdesk, a platform that provides data collection and linking, data integrations, controlled collaboration, granular permissions, process management, and full audit trail services; and Wdata, which includes data preparation tools, data connectors, and application programming interfaces that enable customers to create direct connections to their data.

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Institutional Ownership by Quarter for Workiva (NYSE:WK)

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