Mirabella Financial Services LLP Sells 68,851 Shares of Workiva Inc. (NYSE:WK)

Mirabella Financial Services LLP decreased its stake in shares of Workiva Inc. (NYSE:WK) by 95.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,451 shares of the software maker’s stock after selling 68,851 shares during the period. Mirabella Financial Services LLP’s holdings in Workiva were worth $378,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Workiva by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 5,800,074 shares of the software maker’s stock valued at $635,108,000 after purchasing an additional 70,820 shares during the last quarter. Conestoga Capital Advisors LLC grew its position in Workiva by 13.7% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,165,019 shares of the software maker’s stock valued at $127,570,000 after buying an additional 140,310 shares during the period. First Trust Advisors LP increased its holdings in Workiva by 3.0% during the fourth quarter. First Trust Advisors LP now owns 824,219 shares of the software maker’s stock valued at $90,252,000 after buying an additional 24,172 shares during the last quarter. Loomis Sayles & Co. L P raised its position in Workiva by 11.8% in the fourth quarter. Loomis Sayles & Co. L P now owns 814,582 shares of the software maker’s stock worth $89,197,000 after acquiring an additional 86,207 shares during the period. Finally, TimesSquare Capital Management LLC boosted its stake in shares of Workiva by 19.7% during the 4th quarter. TimesSquare Capital Management LLC now owns 559,961 shares of the software maker’s stock worth $61,316,000 after acquiring an additional 92,192 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Insider Transactions at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 10,421 shares of Workiva stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $85.43, for a total value of $890,266.03. Following the sale, the executive vice president now owns 61,298 shares of the company’s stock, valued at $5,236,688.14. The trade was a 14.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert H. Herz sold 1,000 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $88.70, for a total transaction of $88,700.00. Following the completion of the sale, the director now owns 34,084 shares in the company, valued at $3,023,250.80. This represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,129 shares of company stock valued at $1,807,333. 3.86% of the stock is currently owned by corporate insiders.

Workiva Price Performance

WK stock opened at $67.54 on Monday. Workiva Inc. has a 1-year low of $60.50 and a 1-year high of $116.83. The business has a 50 day simple moving average of $80.63 and a two-hundred day simple moving average of $91.30. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of -73.41 and a beta of 1.02.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Stifel Nicolaus reduced their price objective on Workiva from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. BMO Capital Markets reduced their price target on Workiva from $120.00 to $108.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Raymond James raised Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price objective on the stock in a research report on Friday, January 3rd. The Goldman Sachs Group reduced their target price on shares of Workiva from $118.00 to $105.00 and set a “buy” rating for the company in a report on Thursday. Finally, Citigroup lifted their price target on shares of Workiva from $128.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $114.33.

Workiva Company Profile

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.