Riverbridge Partners LLC Has $38.83 Million Stake in Workiva Inc. $WK

Riverbridge Partners LLC trimmed its stake in Workiva Inc. (NYSE:WK) by 43.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 651,243 shares of the software maker’s stock after selling 502,184 shares during the period. Riverbridge Partners LLC owned 1.15% of Workiva worth $38,834,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd acquired a new position in Workiva during the fourth quarter valued at approximately $26,000. Leonteq Securities AG acquired a new stake in shares of Workiva in the fourth quarter worth $27,000. EverSource Wealth Advisors LLC lifted its stake in shares of 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 during the last quarter. Allworth Financial LP boosted its holdings in shares of Workiva by 82.3% during the 3rd quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock worth $35,000 after buying an additional 186 shares during the period. Finally, Quarry LP boosted its holdings in shares of Workiva by 396.3% during the 4th quarter. Quarry LP now owns 407 shares of the software maker’s stock worth $35,000 after buying an additional 325 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on WK shares. Raymond James Financial reiterated an “outperform” rating and issued a $85.00 target price on shares of Workiva in a report on Wednesday, May 6th. Wall Street Zen upgraded shares of Workiva from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Robert W. Baird set a $74.00 price target on Workiva in a research report on Wednesday, May 6th. Stephens reiterated an “overweight” rating and issued a $68.00 price objective on shares of Workiva in a research note on Tuesday, May 26th. Finally, Weiss Ratings cut Workiva from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Workiva presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.50.

Workiva Stock Performance

NYSE:WK opened at $47.02 on Wednesday. The firm’s 50-day moving average is $50.70 and its 200-day moving average is $65.15. Workiva Inc. has a 52-week low of $43.34 and a 52-week high of $97.10. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 204.43 and a beta of 0.51.

Workiva (NYSE:WK) last announced 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. Workiva had a net margin of 1.53% and a negative return on equity of 68.43%. The business had revenue of $247.31 million during the quarter, compared to analyst estimates of $245.17 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. 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 predict that Workiva Inc. will post 0.92 EPS for the current year.

Insider Buying and Selling

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 stock was sold at an average price of $49.69, for a total value of $49,690.00. Following the completion of the sale, the director owned 34,802 shares in the company, valued at approximately $1,729,311.38. This trade represents a 2.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.77% of the stock is currently owned by company insiders.

Workiva 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.