Semanteon Capital Management LP Buys New Stake in Workiva Inc. (NYSE:WK)

Semanteon Capital Management LP purchased a new stake in shares of Workiva Inc. (NYSE:WK) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 13,227 shares of the software maker’s stock, valued at approximately $1,448,000. Workiva makes up about 0.8% of Semanteon Capital Management LP’s investment portfolio, making the stock its 27th biggest position.

Several other institutional investors have also bought and sold shares of the business. Twin Tree Management LP bought a new stake in Workiva in the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC raised its holdings in shares of Workiva by 14,650.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 885 shares of the software maker’s stock worth $97,000 after buying an additional 879 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of Workiva by 8.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker’s stock worth $159,000 after buying an additional 116 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Workiva during the 3rd quarter worth approximately $168,000. Finally, Quantinno Capital Management LP purchased a new position in Workiva during the 3rd quarter valued at $207,000. Institutional investors own 92.21% of the company’s stock.

Insider Activity at Workiva

In other Workiva news, Director Robert H. Herz sold 1,000 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $88.70, for a total transaction of $88,700.00. Following the sale, the director now owns 34,084 shares in the company, valued at approximately $3,023,250.80. The trade was a 2.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brandon Ziegler sold 4,115 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $85.72, for a total value of $352,737.80. Following the completion of the transaction, the chief accounting officer now directly owns 103,509 shares in the company, valued at $8,872,791.48. This represents a 3.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,129 shares of company stock valued at $1,807,333 in the last ninety days. Company insiders own 3.86% of the company’s stock.

Workiva Stock Down 1.2 %

WK opened at $88.21 on Friday. Workiva Inc. has a 52-week low of $65.47 and a 52-week high of $116.83. The firm’s 50-day moving average price is $94.70 and its 200-day moving average price is $91.76. The company has a market cap of $4.95 billion, a P/E ratio of -95.88 and a beta of 1.09.

Wall Street Analyst Weigh In

A number of analysts have weighed in on WK shares. The Goldman Sachs Group increased their target price on Workiva from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Stephens started coverage on shares of Workiva in a research note on Wednesday. They issued an “overweight” rating and a $111.00 price target on the stock. Raymond James raised shares of Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price objective for the company in a research report on Friday, January 3rd. Citigroup raised their price objective on Workiva from $128.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Finally, BMO Capital Markets reduced their price target on shares of Workiva from $120.00 to $108.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Workiva currently has an average rating of “Moderate Buy” and a consensus price target of $120.25.

About Workiva

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.