Mirabella Financial Services LLP Has $5.56 Million Stake in Workiva Inc. (NYSE:WK)

Mirabella Financial Services LLP boosted its stake in shares of Workiva Inc. (NYSE:WK) by 515.4% during the third quarter, HoldingsChannel.com reports. The firm owned 72,302 shares of the software maker’s stock after acquiring an additional 60,553 shares during the period. Mirabella Financial Services LLP’s holdings in Workiva were worth $5,559,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its holdings in shares of Workiva by 2.0% during the 2nd quarter. Principal Financial Group Inc. now owns 6,823 shares of the software maker’s stock valued at $498,000 after buying an additional 137 shares during the last quarter. Quarry LP lifted its stake in Workiva by 57.8% in the second quarter. Quarry LP now owns 453 shares of the software maker’s stock valued at $33,000 after acquiring an additional 166 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in Workiva by 8.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker’s stock worth $171,000 after acquiring an additional 179 shares in the last quarter. Xponance Inc. increased its stake in shares of Workiva by 6.0% during the 2nd quarter. Xponance Inc. now owns 3,195 shares of the software maker’s stock worth $233,000 after purchasing an additional 182 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in shares of Workiva by 3.9% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 4,910 shares of the software maker’s stock valued at $358,000 after purchasing an additional 183 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Workiva Price Performance

Shares of WK opened at $96.81 on Monday. The stock has a 50 day simple moving average of $82.57 and a 200-day simple moving average of $78.07. Workiva Inc. has a 1 year low of $65.47 and a 1 year high of $105.00.

Insiders Place Their Bets

In other news, EVP Michael D. Hawkins sold 2,761 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $74.60, for a total transaction of $205,970.60. Following the transaction, the executive vice president now owns 49,887 shares of the company’s stock, valued at $3,721,570.20. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com downgraded shares of Workiva from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. BMO Capital Markets increased their price objective on Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Robert W. Baird raised their price objective on Workiva from $94.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Northland Securities decreased their target price on Workiva from $106.00 to $95.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, Stifel Nicolaus boosted their price objective on shares of Workiva from $85.00 to $102.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Workiva currently has an average rating of “Moderate Buy” and an average price target of $103.20.

Workiva 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.