Madison Avenue Partners LP Buys Shares of 59,946 Workiva Inc. $WK

Madison Avenue Partners LP purchased a new stake in Workiva Inc. (NYSE:WK) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 59,946 shares of the software maker’s stock, valued at approximately $5,170,000. Workiva accounts for 0.2% of Madison Avenue Partners LP’s investment portfolio, making the stock its 21st largest position. Madison Avenue Partners LP owned 0.11% of Workiva at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of WK. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Workiva in the fourth quarter valued at approximately $26,000. Leonteq Securities AG purchased a new stake in shares of Workiva in the fourth quarter valued at approximately $27,000. EverSource Wealth Advisors LLC raised its stake in Workiva by 217.9% in the third quarter. EverSource Wealth Advisors LLC now owns 391 shares of the software maker’s stock worth $34,000 after buying an additional 268 shares in the last quarter. Allworth Financial LP raised its stake in Workiva by 82.3% in the third quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock worth $35,000 after buying an additional 186 shares in the last quarter. Finally, Quarry LP raised its stake in Workiva by 396.3% in the fourth quarter. Quarry LP now owns 407 shares of the software maker’s stock worth $35,000 after buying an additional 325 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Workiva Stock Down 2.2%

WK opened at $47.88 on Thursday. Workiva Inc. has a twelve month low of $43.34 and a twelve month high of $97.10. The company has a 50-day moving average price of $51.43 and a 200 day moving average price of $66.41. The company has a market cap of $2.69 billion, a PE ratio of 208.18 and a beta of 0.51.

Workiva (NYSE:WK) last released its quarterly earnings data on Tuesday, May 5th. The software maker reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.11. The company had revenue of $247.31 million during the quarter, compared to the consensus estimate of $245.17 million. Workiva had a net margin of 1.53% and a negative return on equity of 68.43%. Workiva’s quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 EPS. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. As a group, sell-side analysts expect that Workiva Inc. will post 0.92 earnings per share for the current year.

Insider Buying and Selling at Workiva

In other Workiva news, Director Robert H. Herz sold 1,000 shares of the firm’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 completion of the transaction, the director owned 34,802 shares of the company’s stock, valued at $1,729,311.38. This trade represents a 2.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 4.77% of the company’s stock.

Wall Street Analyst Weigh In

WK has been the topic of several research reports. Weiss Ratings downgraded Workiva from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. The Goldman Sachs Group reissued a “buy” rating and issued a $102.00 target price on shares of Workiva in a research report on Friday, February 20th. Citigroup reaffirmed a “buy” rating on shares of Workiva in a report on Monday, February 23rd. Truist Financial reaffirmed a “buy” rating and issued a $90.00 price target (down from $110.00) on shares of Workiva in a report on Friday, February 20th. Finally, Stephens reaffirmed an “overweight” rating and issued a $68.00 price target on shares of Workiva in a report on Tuesday, May 26th. One 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 company. Based on data from MarketBeat, Workiva presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.50.

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.