Workiva Inc. (NYSE:WK) CAO Brandon Ziegler Sells 4,115 Shares of Stock

Workiva Inc. (NYSE:WK) CAO Brandon Ziegler sold 4,115 shares of Workiva stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $85.72, for a total transaction of $352,737.80. Following the sale, the chief accounting officer now owns 103,509 shares of the company’s stock, valued at approximately $8,872,791.48. The trade was a 3.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Workiva Stock Performance

Shares of NYSE WK opened at $85.89 on Friday. The firm has a market cap of $4.76 billion, a PE ratio of -93.36 and a beta of 1.09. The firm has a fifty day moving average of $99.39 and a 200 day moving average of $91.20. Workiva Inc. has a one year low of $65.47 and a one year high of $116.83.

Institutional Investors Weigh In On Workiva

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Polar Asset Management Partners Inc. purchased a new stake in Workiva in the 4th quarter worth $5,825,000. GTS Securities LLC purchased a new stake in shares of Workiva during the fourth quarter worth $212,000. Castleark Management LLC purchased a new stake in shares of Workiva during the fourth quarter worth $6,800,000. Vident Advisory LLC purchased a new stake in shares of Workiva during the fourth quarter worth $240,000. Finally, Two Sigma Advisers LP grew its holdings in shares of Workiva by 155.8% during the fourth quarter. Two Sigma Advisers LP now owns 42,200 shares of the software maker’s stock worth $4,621,000 after buying an additional 25,700 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on WK shares. Stifel Nicolaus decreased their price objective on shares of Workiva from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Citigroup lifted their price objective on shares of Workiva from $128.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Raymond James upgraded 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 note on Friday, January 3rd. The Goldman Sachs Group boosted their target price on shares of Workiva from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, BMO Capital Markets decreased their target price on shares of Workiva from $120.00 to $108.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $121.57.

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.