Workiva (NYSE:WK) Shares Gap Up – Here’s Why

Workiva Inc. (NYSE:WK)’s stock price gapped up before the market opened on Friday. The stock had previously closed at $69.63, but opened at $73.11. Workiva shares last traded at $71.97, with a volume of 414,294 shares traded.

Analyst Ratings Changes

Several analysts have recently commented on WK shares. Weiss Ratings upgraded shares of Workiva from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 6th. Citigroup reissued a “buy” rating on shares of Workiva in a report on Thursday, August 6th. Stifel Nicolaus set a $95.00 target price on Workiva in a research report on Thursday, August 27th. Robert W. Baird increased their price target on shares of Workiva from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. Finally, Wall Street Zen raised Workiva from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 26th. One 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Workiva Stock Up 2.7%

The firm’s fifty day moving average is $70.01 and its two-hundred day moving average is $58.94. The firm has a market cap of $4.01 billion, a P/E ratio of 86.88 and a beta of 0.53.

Workiva (NYSE:WK) last issued its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.13. The company had revenue of $255.29 million for the quarter, compared to analysts’ expectations of $251.16 million. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%.The firm’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 earnings per share. 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, sell-side analysts forecast that Workiva Inc. will post 1.31 EPS for the current year.

Insider Buying and Selling at Workiva

In related news, EVP Brandon Ziegler sold 6,571 shares of Workiva stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $75.97, for a total value of $499,198.87. Following the completion of the sale, the executive vice president owned 126,216 shares of the company’s stock, valued at $9,588,629.52. The trade was a 4.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.77% of the stock is owned by insiders.

Hedge Funds Weigh In On Workiva

A number of hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc increased its position in Workiva by 202.3% in the second quarter. Versant Capital Management Inc now owns 532 shares of the software maker’s stock worth $26,000 after purchasing an additional 356 shares during the last quarter. Optiver Holding B.V. boosted its position in Workiva by 454.5% during the 1st quarter. Optiver Holding B.V. now owns 621 shares of the software maker’s stock valued at $37,000 after acquiring an additional 509 shares in the last quarter. Harbor Investment Advisory LLC bought a new position in shares of Workiva during the 2nd quarter worth approximately $40,000. Integrated Wealth Concepts LLC acquired a new stake in Workiva in the second quarter worth about $46,000. Finally, Leonteq Securities AG grew its holdings in shares of Workiva by 191.3% during the first quarter. Leonteq Securities AG now owns 903 shares of the software maker’s stock valued at $54,000 after buying an additional 593 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

About Workiva

Workiva Inc is a cloud-based software company that helps organizations manage complex reporting, compliance and operational processes. Its platform connects data from multiple sources, enabling users to prepare, review and distribute financial reports, regulatory filings, management reports and other business documents through a collaborative digital environment.

The company’s products support financial reporting, environmental, social and governance (ESG) reporting, risk management, internal controls, audit management and regulatory compliance.