618,845 Shares in Workiva Inc. $WK Purchased by Norges Bank

Norges Bank acquired a new stake in Workiva Inc. (NYSE:WK) during the fourth quarter, Holdings Channel reports. The firm acquired 618,845 shares of the software maker’s stock, valued at approximately $53,375,000.

Several other institutional investors have also added to or reduced their stakes in WK. Eminence Capital LP boosted its position in Workiva by 40.7% during the third quarter. Eminence Capital LP now owns 3,723,546 shares of the software maker’s stock worth $320,523,000 after purchasing an additional 1,076,778 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Workiva during the third quarter worth $88,289,000. Assenagon Asset Management S.A. lifted its position in shares of Workiva by 14,955.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 740,102 shares of the software maker’s stock worth $63,834,000 after acquiring an additional 735,186 shares in the last quarter. Irenic Capital Management LP bought a new position in shares of Workiva in the third quarter worth $42,783,000. Finally, Readystate Asset Management LP purchased a new position in shares of Workiva in the third quarter valued at $31,955,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Workiva Stock Performance

NYSE:WK opened at $49.14 on Monday. Workiva Inc. has a 52-week low of $43.34 and a 52-week high of $97.10. The stock has a fifty day moving average of $53.13 and a 200 day moving average of $68.78. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 213.66 and a beta of 0.51.

Workiva (NYSE:WK) last announced its earnings results on Tuesday, May 5th. The software maker reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.11. Workiva had a negative return on equity of 68.43% and a net margin of 1.53%.The business had revenue of $247.31 million for the quarter, compared to analyst estimates of $245.17 million. During the same period in the prior year, the company earned $0.14 EPS. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. Equities analysts forecast that Workiva Inc. will post 0.92 earnings per share for the current fiscal year.

Workiva declared that its Board of Directors has approved a share buyback program on Monday, February 16th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the software maker to buy up to 7.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

WK has been the topic of a number of analyst reports. Raymond James Financial reiterated an “outperform” rating and set a $85.00 price objective on shares of Workiva in a research note on Wednesday, May 6th. Stephens reaffirmed an “overweight” rating and set a $68.00 target price on shares of Workiva in a report on Tuesday, May 26th. Wall Street Zen upgraded Workiva from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. BMO Capital Markets lowered their price target on shares of Workiva from $92.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Finally, Zacks Research upgraded shares of Workiva from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $88.50.

Insider Buying and Selling at Workiva

In related news, Director Robert H. Herz sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $49.69, for a total value of $49,690.00. Following the transaction, the director directly owned 34,802 shares in the company, valued at approximately $1,729,311.38. This represents a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.77% of the company’s stock.

Workiva Company Profile

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.