Workiva (NYSE:WK) Price Target Raised to $128.00

Workiva (NYSE:WK) had its price objective upped by Citigroup from $116.00 to $128.00 in a report issued on Monday morning,Benzinga reports. They currently have a buy rating on the software maker’s stock.

A number of other research firms have also issued reports on WK. Stifel Nicolaus increased their price target on Workiva from $85.00 to $102.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Robert W. Baird raised their target price on shares of Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, BMO Capital Markets boosted their price target on shares of Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.40.

Workiva Trading Up 0.8 %

Shares of NYSE WK opened at $110.11 on Monday. The stock has a market cap of $6.10 billion, a P/E ratio of -119.68 and a beta of 1.09. The business’s fifty day simple moving average is $90.52 and its 200-day simple moving average is $80.44. Workiva has a 12-month low of $65.47 and a 12-month high of $116.83.

Institutional Trading of Workiva

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new position in shares of Workiva during the third quarter worth about $28,000. Quarry LP grew its stake in Workiva by 57.8% during the 2nd quarter. Quarry LP now owns 453 shares of the software maker’s stock worth $33,000 after buying an additional 166 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Workiva during the second quarter worth approximately $62,000. Headlands Technologies LLC lifted its stake in Workiva by 896.0% in the second quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker’s stock valued at $128,000 after buying an additional 1,577 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Workiva in the third quarter valued at approximately $168,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Workiva Company Profile

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.