Kopp Family Office LLC Sells 43,293 Shares of Workiva Inc. $WK

Kopp Family Office LLC decreased its holdings in shares of Workiva Inc. (NYSE:WK) by 42.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,566 shares of the software maker’s stock after selling 43,293 shares during the period. Workiva comprises 3.2% of Kopp Family Office LLC’s portfolio, making the stock its 12th biggest holding. Kopp Family Office LLC owned about 0.10% of Workiva worth $4,955,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Eminence Capital LP lifted its position in shares of Workiva by 209.6% during the 2nd quarter. Eminence Capital LP now owns 2,646,768 shares of the software maker’s stock worth $181,171,000 after buying an additional 1,791,768 shares during the period. Edmond DE Rothschild Holding S.A. bought a new position in shares of Workiva during the second quarter valued at $88,677,000. Alliancebernstein L.P. boosted its stake in shares of Workiva by 1,177.5% in the 1st quarter. Alliancebernstein L.P. now owns 780,130 shares of the software maker’s stock valued at $59,220,000 after purchasing an additional 719,062 shares in the last quarter. Norges Bank bought a new stake in shares of Workiva in the 2nd quarter worth about $40,230,000. Finally, Woodline Partners LP grew its holdings in shares of Workiva by 3,386.6% in the 1st quarter. Woodline Partners LP now owns 300,513 shares of the software maker’s stock worth $22,812,000 after purchasing an additional 291,894 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WK has been the topic of a number of recent analyst reports. UBS Group set a $110.00 price target on shares of Workiva in a research report on Sunday, November 9th. Citigroup boosted their target price on Workiva from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, September 11th. Capital One Financial set a $100.00 price target on Workiva in a research report on Tuesday, September 30th. Truist Financial lifted their price objective on Workiva from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Finally, BTIG Research assumed coverage on Workiva in a research note on Tuesday, December 16th. They issued a “buy” rating and a $105.00 price objective on the stock. Ten analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $103.92.

Workiva Price Performance

WK stock opened at $87.41 on Friday. The company has a 50 day moving average price of $89.08 and a 200 day moving average price of $80.21. Workiva Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $115.49. The stock has a market capitalization of $4.91 billion, a PE ratio of -104.06 and a beta of 0.64.

Workiva (NYSE:WK) last announced its quarterly earnings data on Wednesday, November 5th. The software maker reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.17. The firm had revenue of $224.17 million during the quarter, compared to the consensus estimate of $218.96 million. The firm’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.21 earnings per share. 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 expect that Workiva Inc. will post -0.92 earnings per share for the current fiscal year.

About Workiva

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.