Workiva (NYSE:WK) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Workiva (NYSE:WKGet Free Report) had its price target raised by BMO Capital Markets from $96.00 to $104.00 in a research report issued to clients and investors on Thursday, Briefing.com reports. The firm currently has an “outperform” rating on the software maker’s stock. BMO Capital Markets’ price objective indicates a potential upside of 18.68% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. StockNews.com downgraded shares of Workiva from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Northland Securities dropped their price objective on Workiva from $106.00 to $95.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $96.60.

View Our Latest Analysis on WK

Workiva Stock Performance

WK stock opened at $87.63 on Thursday. The company has a 50 day moving average price of $78.12 and a two-hundred day moving average price of $77.04. The stock has a market capitalization of $4.84 billion, a P/E ratio of -53.11 and a beta of 1.05. Workiva has a one year low of $65.47 and a one year high of $105.00.

Insider Activity at Workiva

In related news, EVP Michael D. Hawkins sold 2,761 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $74.60, for a total transaction of $205,970.60. Following the sale, the executive vice president now directly owns 49,887 shares in the company, valued at approximately $3,721,570.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.86% of the company’s stock.

Institutional Trading of Workiva

Several large investors have recently modified their holdings of WK. Champlain Investment Partners LLC boosted its stake in Workiva by 58.2% during the 1st quarter. Champlain Investment Partners LLC now owns 1,340,114 shares of the software maker’s stock valued at $113,642,000 after acquiring an additional 492,945 shares during the last quarter. Swedbank AB bought a new position in Workiva during the 1st quarter worth approximately $16,180,000. Vanguard Group Inc. grew its position in shares of Workiva by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 5,185,929 shares of the software maker’s stock worth $439,767,000 after acquiring an additional 181,520 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Workiva by 435.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 145,384 shares of the software maker’s stock worth $11,503,000 after acquiring an additional 118,234 shares in the last quarter. Finally, Kopp LeRoy C bought a new position in Workiva during the first quarter worth $6,481,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

About Workiva

(Get Free Report)

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.

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