Sigma Planning Corp acquired a new stake in shares of Workiva Inc (NYSE:WK) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 5,950 shares of the software maker’s stock, valued at approximately $302,000.
Other large investors have also recently made changes to their positions in the company. Advisor Group Inc. boosted its position in shares of Workiva by 238.1% during the fourth quarter. Advisor Group Inc. now owns 710 shares of the software maker’s stock valued at $26,000 after buying an additional 500 shares during the last quarter. Macquarie Group Ltd. raised its stake in Workiva by 57.1% during the 4th quarter. Macquarie Group Ltd. now owns 1,100 shares of the software maker’s stock valued at $39,000 after purchasing an additional 400 shares during the period. Meeder Asset Management Inc. bought a new stake in Workiva during the 4th quarter valued at approximately $67,000. Quantamental Technologies LLC bought a new stake in Workiva during the 1st quarter valued at approximately $177,000. Finally, We Are One Seven LLC bought a new stake in Workiva during the 4th quarter valued at approximately $125,000. 48.29% of the stock is currently owned by institutional investors and hedge funds.
WK opened at $53.88 on Thursday. Workiva Inc has a 52-week low of $23.95 and a 52-week high of $55.76. The company has a debt-to-equity ratio of 9.78, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $2.35 billion, a P/E ratio of -57.94 and a beta of 1.12.
Workiva (NYSE:WK) last posted its quarterly earnings data on Wednesday, May 1st. The software maker reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.05. The business had revenue of $69.96 million for the quarter, compared to analysts’ expectations of $69.11 million. During the same quarter in the previous year, the firm earned ($0.09) EPS. Workiva’s revenue was up 16.8% compared to the same quarter last year. As a group, research analysts forecast that Workiva Inc will post -1.1 earnings per share for the current fiscal year.
A number of brokerages have recently commented on WK. Zacks Investment Research upgraded Workiva from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a report on Saturday, April 27th. SunTrust Banks lifted their target price on Workiva to $58.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $44.17.
In other Workiva news, VP Jeff D. Trom sold 20,000 shares of Workiva stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $44.16, for a total transaction of $883,200.00. Following the completion of the sale, the vice president now directly owns 315,683 shares of the company’s stock, valued at approximately $13,940,561.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Martin J. Vanderploeg sold 25,000 shares of Workiva stock in a transaction on Friday, May 10th. The shares were sold at an average price of $54.60, for a total value of $1,365,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 190,000 shares of company stock valued at $9,408,900. 18.46% of the stock is owned by company insiders.
Workiva Inc provides cloud-based solutions for connected data, reporting, and compliance worldwide. The company offers Wdesk, a platform that provides data collection and linking, data integrations, controlled collaboration, granular permissions, process management, and full audit trail services; and Wdata, which includes data preparation tools, data connectors, and application programming interfaces that enable customers to create direct connections to their data.
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