Entropy Technologies LP Takes Position in Workiva Inc. (NYSE:WK)

Entropy Technologies LP bought a new position in Workiva Inc. (NYSE:WK) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 5,027 shares of the software maker’s stock, valued at approximately $398,000.

A number of other institutional investors have also bought and sold shares of the business. V Square Quantitative Management LLC purchased a new stake in Workiva during the 3rd quarter valued at approximately $28,000. Quarry LP boosted its position in shares of Workiva by 57.8% during the second quarter. Quarry LP now owns 453 shares of the software maker’s stock worth $33,000 after acquiring an additional 166 shares during the last quarter. EntryPoint Capital LLC purchased a new position in Workiva during the first quarter valued at $40,000. Point72 Hong Kong Ltd purchased a new position in Workiva during the second quarter valued at $62,000. Finally, Headlands Technologies LLC increased its holdings in Workiva by 896.0% in the 2nd quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker’s stock valued at $128,000 after acquiring an additional 1,577 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Workiva Stock Down 2.1 %

Shares of WK opened at $91.28 on Friday. Workiva Inc. has a 52-week low of $65.47 and a 52-week high of $105.00. The company has a market cap of $5.04 billion, a PE ratio of -99.22 and a beta of 1.05. The business has a fifty day moving average of $80.52 and a 200 day moving average of $77.69.

Insider Transactions at Workiva

In other news, EVP Michael D. Hawkins sold 2,761 shares of the company’s stock in a transaction that occurred 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 approximately $3,721,570.20. This represents a 5.24 % decrease in their ownership of the stock. The transaction 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.

Workiva Company 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.