Wellington Management Group LLP Acquires New Holdings in Workiva Inc. $WK

Wellington Management Group LLP bought a new stake in shares of Workiva Inc. (NYSE:WK) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 37,124 shares of the software maker’s stock, valued at approximately $1,801,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its holdings in shares of Workiva by 202.3% in the second quarter. Versant Capital Management Inc now owns 532 shares of the software maker’s stock valued at $26,000 after purchasing an additional 356 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Workiva during the 4th quarter worth approximately $26,000. Leonteq Securities AG acquired a new position in shares of Workiva during the 4th quarter worth approximately $27,000. Allworth Financial LP lifted its stake in Workiva by 82.3% in the 3rd quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock valued at $35,000 after buying an additional 186 shares in the last quarter. Finally, Quarry LP grew its holdings in Workiva by 396.3% during the 4th quarter. Quarry LP now owns 407 shares of the software maker’s stock valued at $35,000 after buying an additional 325 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Workiva Stock Down 2.0%

WK stock opened at $71.31 on Friday. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 86.97 and a beta of 0.49. Workiva Inc. has a 52-week low of $43.34 and a 52-week high of $97.10. The stock’s fifty day simple moving average is $64.79 and its 200-day simple moving average is $57.94.

Workiva (NYSE:WK) last released its earnings results on Tuesday, August 4th. The software maker reported $0.77 EPS for the quarter, beating the consensus estimate of $0.64 by $0.13. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%.The firm had revenue of $255.29 million during the quarter, compared to analyst estimates of $251.16 million. During the same period in the prior year, the firm posted $0.19 earnings per share. The business’s quarterly revenue was up 18.6% compared to the same quarter last year. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. As a group, analysts anticipate that Workiva Inc. will post 1.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WK has been the subject of a number of analyst reports. Weiss Ratings raised Workiva from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 6th. Robert W. Baird lifted their price objective on Workiva from $74.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 1st. Stephens reissued an “overweight” rating and issued a $68.00 target price on shares of Workiva in a research note on Tuesday, May 26th. Citigroup reaffirmed a “buy” rating on shares of Workiva in a research note on Thursday, August 6th. Finally, Zacks Research upgraded shares of Workiva from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.80.

Insider Buying and Selling at Workiva

In related news, EVP Brandon Ziegler sold 6,571 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $75.97, for a total value of $499,198.87. Following the sale, the executive vice president directly owned 126,216 shares of the company’s stock, valued at approximately $9,588,629.52. This trade represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.77% of the stock is currently owned by insiders.

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.