Brown Capital Management LLC Cuts Position in Workiva Inc. $WK

Brown Capital Management LLC trimmed its position in shares of Workiva Inc. (NYSE:WK) by 34.3% during the third quarter, Holdings Channel reports. The firm owned 461,360 shares of the software maker’s stock after selling 240,647 shares during the quarter. Workiva makes up approximately 1.6% of Brown Capital Management LLC’s portfolio, making the stock its 25th biggest holding. Brown Capital Management LLC’s holdings in Workiva were worth $39,714,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Millennium Management LLC raised its holdings in shares of 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 buying an additional 73,266 shares during the period. Empowered Funds LLC acquired a new position in Workiva in the 1st quarter valued at about $421,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Workiva by 9.2% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,972 shares of the software maker’s stock worth $477,000 after purchasing an additional 585 shares during the period. Hilltop National Bank acquired a new stake in shares of Workiva during the second quarter worth about $66,000. Finally, KLP Kapitalforvaltning AS boosted its stake in shares of Workiva by 8.4% in the second quarter. KLP Kapitalforvaltning AS now owns 10,300 shares of the software maker’s stock valued at $705,000 after purchasing an additional 800 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on WK. BMO Capital Markets upped their target price on shares of Workiva from $100.00 to $103.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. The Goldman Sachs Group restated a “buy” rating and issued a $110.00 price target on shares of Workiva in a research note on Thursday, November 6th. Truist Financial increased their price objective on Workiva from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Workiva in a research note on Wednesday, January 21st. Finally, BTIG Research began coverage on Workiva in a research report on Tuesday, December 16th. They issued a “buy” rating and a $105.00 price target on the stock. Ten analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.92.

Workiva Price Performance

NYSE:WK opened at $76.59 on Tuesday. Workiva Inc. has a 12 month low of $60.50 and a 12 month high of $103.50. The firm has a market capitalization of $4.30 billion, a PE ratio of -91.18 and a beta of 0.62. The business’s fifty day moving average price is $86.83 and its 200 day moving average price is $83.47.

Workiva (NYSE:WK) last released its quarterly earnings data 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 business had revenue of $224.17 million for the quarter, compared to analyst estimates 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 and its Q4 2025 guidance at 0.670-0.700 EPS. As a group, equities analysts anticipate that Workiva Inc. will post -0.92 EPS for the current year.

Workiva Company Profile

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.