1 week Ago By Defense World Staff
Prudential Financial Inc. cut its position in shares of Workiva Inc. (NYSE:WK – Free Report) by 13.
9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,749 shares of the software maker’s stock after selling 606 shares during the quarter. Prudential Financial Inc.
’s holdings in Workiva were worth $411,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also modified their holdings of the company. Benjamin Edwards Inc.
grew its position in shares of Workiva by 238.6% in the third quarter. Benjamin Edwards Inc.
now owns 3,247 shares of the software maker’s stock valued at $257,000 after purchasing an additional 2,288 shares during the period. Quantinno Capital Management LP acquired a new stake in Workiva in the 3rd quarter worth about $207,000. Quadrature Capital Ltd purchased a new stake in Workiva in the 3rd quarter valued at about $289,000.
Geode Capital Management LLC increased its stake in shares of Workiva by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,144,826 shares of the software maker’s stock valued at $90,597,000 after acquiring an additional 35,029 shares during the last quarter.
Finally, Sanctuary Advisors LLC purchased a new position in shares of Workiva during the 3rd quarter worth about $168,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.
Workiva Stock Up 11.9 %Shares of NYSE WK opened at $69.30 on Thursday.
The firm’s 50-day moving average price is $84.98 and its two-hundred day moving average price is $91.73.
Workiva Inc. has a 52-week low of $60.50 and a 52-week high of $116.
83. The stock has a market capitalization of $3.89 billion, a P/E ratio of -75.
33 and a beta of 1.02. Wall Street Analysts Forecast GrowthSeveral equities analysts recently commented on the stock.
Robert W. Baird upped their price target on shares of Workiva from $110.00 to $130.
00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. The Goldman Sachs Group cut their target price on Workiva from $132.00 to $118.
00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Citigroup boosted their price target on Workiva from $128.00 to $130.
00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Raymond James upgraded Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price objective on the stock in a report on Friday, January 3rd.
Finally, BMO Capital Markets decreased their target price on Workiva from $120.00 to $108.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th.
One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Workiva presently has an average rating of “Moderate Buy” and an average price target of $115.78.
Check Out Our Latest Analysis on WorkivaInsider Buying and SellingIn other Workiva news, CAO Brandon Ziegler sold 4,115 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $85.72, for a total value of $352,737.
80. Following the sale, the chief accounting officer now owns 103,509 shares in the company, valued at approximately $8,872,791.48.
This trade represents a 3.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Also, CFO Jill Klindt sold 5,593 shares of Workiva stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $85.04, for a total value of $475,628.
72. Following the sale, the chief financial officer now directly owns 119,054 shares in the company, valued at approximately $10,124,352.16.
This trade represents a 4.49 % decrease in their position. The disclosure for this sale can be found here.
In the last 90 days, insiders have sold 21,129 shares of company stock valued at $1,807,333. Insiders own 3.86% of the company’s stock.
Workiva Company Profile (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.Featured StoriesFive stocks we like better than WorkivaWhy Invest in 5G? How to Invest in 5G Stocks Quantum Computing: The $6.
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