GSA Capital Partners LLP Purchases New Holdings in Workiva Inc. (NYSE:WK)

GSA Capital Partners LLP purchased a new stake in Workiva Inc. (NYSE:WK) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 8,097 shares of the software maker’s stock, valued at approximately $641,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WK. Versor Investments LP purchased a new position in Workiva in the 3rd quarter worth approximately $1,217,000. TimesSquare Capital Management LLC lifted its stake in Workiva by 4.3% in the 3rd quarter. TimesSquare Capital Management LLC now owns 467,769 shares of the software maker’s stock worth $37,010,000 after purchasing an additional 19,095 shares in the last quarter. Cetera Investment Advisers purchased a new position in Workiva in the 1st quarter worth approximately $1,629,000. Comerica Bank lifted its stake in Workiva by 23.8% in the 1st quarter. Comerica Bank now owns 87,999 shares of the software maker’s stock worth $7,462,000 after purchasing an additional 16,943 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its stake in Workiva by 15.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 76,702 shares of the software maker’s stock worth $6,502,000 after purchasing an additional 10,380 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. 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. Stifel Nicolaus lifted their price target on shares of Workiva from $85.00 to $102.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Robert W. Baird lifted their price target on shares of Workiva from $94.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. BMO Capital Markets lifted their target price on shares of Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, StockNews.com downgraded shares of Workiva from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.20.

Insiders Place Their Bets

In other Workiva news, EVP Michael D. Hawkins sold 2,761 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $74.60, for a total value of $205,970.60. Following the completion of the transaction, the executive vice president now owns 49,887 shares in the company, valued at $3,721,570.20. The trade was a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.86% of the company’s stock.

Workiva Stock Down 0.5 %

NYSE:WK opened at $90.83 on Tuesday. The company has a fifty day simple moving average of $80.87 and a two-hundred day simple moving average of $77.74. The company has a market cap of $5.02 billion, a price-to-earnings ratio of -98.72 and a beta of 1.05. Workiva Inc. has a 52 week low of $65.47 and a 52 week high of $105.00.

About Workiva

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.