Workiva (NYSE:WK) Raised to Strong-Buy at Wall Street Zen

Workiva (NYSE:WK) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday, Wall Street Zen reports.

WK has been the subject of several other reports. Zacks Research upgraded Workiva from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. UBS Group set a $70.00 target price on Workiva in a report on Wednesday, August 5th. Weiss Ratings raised shares of Workiva from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 6th. BTIG Research set a $85.00 price target on shares of Workiva in a research note on Wednesday, September 16th. Finally, Citigroup reaffirmed a “buy” rating on shares of Workiva in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $88.30.

Workiva Stock Performance

Shares of WK opened at $69.81 on Friday. Workiva has a 52 week low of $43.34 and a 52 week high of $97.10. The firm has a market cap of $3.92 billion, a P/E ratio of 85.13 and a beta of 0.49. The firm’s 50-day simple moving average is $68.92 and its 200 day simple moving average is $58.78.

Workiva (NYSE:WK) last issued its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.13. Workiva had a net margin of 4.87% and a negative return on equity of 140.17%. The firm had revenue of $255.29 million during the quarter, compared to the consensus estimate of $251.16 million. During the same period last year, the business posted $0.19 earnings per share. The business’s revenue for the quarter 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, equities analysts forecast that Workiva will post 1.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Brandon Ziegler sold 6,571 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $75.97, for a total transaction of $499,198.87. Following the completion of the sale, the executive vice president directly owned 126,216 shares in the company, valued at approximately $9,588,629.52. This represents a 4.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.77% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Hawk Ridge Capital Management LP bought a new stake in Workiva during the first quarter worth about $65,091,000. Squarepoint Ops LLC grew its stake in Workiva by 110.7% during the second quarter. Squarepoint Ops LLC now owns 1,247,400 shares of the software maker’s stock worth $60,511,000 after buying an additional 655,396 shares in the last quarter. Norges Bank bought a new position in Workiva in the 4th quarter valued at about $53,375,000. Arrowstreet Capital Limited Partnership raised its position in shares of Workiva by 88.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,109,646 shares of the software maker’s stock valued at $66,168,000 after buying an additional 520,839 shares in the last quarter. Finally, Ranger Investment Management L.P. acquired a new position in shares of Workiva in the 2nd quarter valued at approximately $12,950,000. Institutional investors own 92.21% of the company’s stock.

About Workiva

Workiva Inc (NYSE: WK) is a cloud-based software company that provides connected reporting and compliance solutions for organizations. Its platform is designed to help businesses manage financial reporting, regulatory filings, environmental, social and governance (ESG) reporting, internal controls, risk management and audit-related processes in a centralized, collaborative environment.

Workiva’s offerings support the preparation and distribution of documents such as annual reports, quarterly filings, earnings materials and sustainability reports.