Los Angeles Capital Management LLC Sells 17,146 Shares of Workiva Inc. $WK

Los Angeles Capital Management LLC lowered its holdings in shares of Workiva Inc. (NYSE:WK) by 55.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 14,038 shares of the software maker’s stock after selling 17,146 shares during the period. Los Angeles Capital Management LLC’s holdings in Workiva were worth $961,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in WK. Xponance Inc. boosted its stake in Workiva by 6.7% in the 1st quarter. Xponance Inc. now owns 3,850 shares of the software maker’s stock worth $292,000 after purchasing an additional 241 shares during the period. CWM LLC lifted its holdings in shares of Workiva by 27.4% in the first quarter. CWM LLC now owns 8,166 shares of the software maker’s stock worth $620,000 after buying an additional 1,754 shares in the last quarter. Legato Capital Management LLC boosted its position in shares of Workiva by 144.2% during the first quarter. Legato Capital Management LLC now owns 5,041 shares of the software maker’s stock worth $383,000 after acquiring an additional 2,977 shares during the last quarter. Madison Asset Management LLC boosted its position in shares of Workiva by 39.4% during the first quarter. Madison Asset Management LLC now owns 58,261 shares of the software maker’s stock worth $4,423,000 after acquiring an additional 16,474 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its stake in Workiva by 41.9% during the first quarter. Avantax Advisory Services Inc. now owns 2,867 shares of the software maker’s stock valued at $218,000 after acquiring an additional 846 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WK has been the topic of several research analyst reports. Stephens boosted their price target on shares of Workiva from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday. Wall Street Zen upgraded Workiva from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Capital One Financial set a $100.00 price target on Workiva in a research note on Tuesday, September 30th. Citigroup lifted their price objective on Workiva from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, September 11th. Finally, Stifel Nicolaus set a $98.00 price objective on Workiva in a report on Thursday, November 6th. Ten research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $103.00.

Workiva Trading Down 2.1%

Shares of NYSE:WK opened at $91.08 on Friday. The company has a market cap of $5.10 billion, a price-to-earnings ratio of -108.43 and a beta of 0.87. Workiva Inc. has a 12 month low of $60.50 and a 12 month high of $116.83. The company has a 50-day moving average price of $85.41 and a 200 day moving average price of $75.86.

Workiva (NYSE:WK) last issued its quarterly earnings data on Wednesday, November 5th. The software maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.17. The company had revenue of $224.17 million for the quarter, compared to analysts’ expectations of $218.96 million. The company’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter last year, the company earned $0.21 earnings per share. Workiva has set its FY 2025 guidance at 1.650-1.68 EPS. Q4 2025 guidance at 0.670-0.700 EPS. As a group, equities analysts forecast that Workiva Inc. will post -0.92 EPS for the current year.

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.