Los Angeles Capital Management LLC Sells 17,146 Shares of Workiva Inc. $WK

Los Angeles Capital Management LLC lessened its stake in shares of Workiva Inc. (NYSE:WK) by 55.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,038 shares of the software maker’s stock after selling 17,146 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Workiva were worth $961,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. SVB Wealth LLC bought a new position in Workiva during the first quarter valued at approximately $26,000. Harbour Investments Inc. purchased a new stake in Workiva during the 1st quarter valued at $39,000. Bayforest Capital Ltd bought a new position in shares of Workiva during the 1st quarter valued at $39,000. Hilltop National Bank purchased a new position in shares of Workiva in the 2nd quarter worth $66,000. Finally, AlphaQuest LLC purchased a new position in shares of Workiva in the 1st quarter worth $163,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WK has been the subject of a number of research reports. Stifel Nicolaus set a $98.00 price objective on Workiva in a research report on Thursday, November 6th. Raymond James Financial cut their price target on Workiva from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Friday, August 1st. UBS Group set a $110.00 price objective on shares of Workiva in a research note on Sunday. Wolfe Research raised their price objective on shares of Workiva from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, September 10th. Finally, 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. Ten research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $103.00.

Workiva Stock Down 2.1%

NYSE WK opened at $91.08 on Friday. Workiva Inc. has a 52 week low of $60.50 and a 52 week high of $116.83. The company has a market capitalization of $5.10 billion, a P/E ratio of -108.43 and a beta of 0.87. The stock’s 50-day moving average price is $85.41 and its 200-day moving average price is $75.86.

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

Workiva 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.