Insider Selling: Workiva (NYSE:WK) EVP Sells $499,198.87 in Stock

Workiva Inc. (NYSE:WK) EVP Brandon Ziegler sold 6,571 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $75.97, for a total transaction of $499,198.87. Following the completion of the sale, the executive vice president owned 126,216 shares in the company, valued at $9,588,629.52. This represents a 4.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Workiva Stock Down 0.1%

Shares of NYSE:WK opened at $74.75 on Monday. Workiva Inc. has a 52 week low of $43.34 and a 52 week high of $97.10. The stock has a market capitalization of $4.19 billion, a P/E ratio of 91.16 and a beta of 0.46. The firm has a fifty day simple moving average of $57.07 and a two-hundred day simple moving average of $56.86.

Workiva (NYSE:WK) last posted its earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.13. Workiva had a net margin of 4.87% and a negative return on equity of 140.17%. The firm had revenue of $255.29 million for the quarter, compared to the consensus estimate of $251.16 million. During the same period in the previous year, the firm posted $0.19 EPS. The business’s quarterly revenue was up 18.6% on a year-over-year basis. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. On average, analysts expect that Workiva Inc. will post 1.31 earnings per share for the current year.

Hedge Funds Weigh In On Workiva

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its holdings in shares of Workiva by 44.5% in the 1st quarter. Millennium Management LLC now owns 237,746 shares of the software maker’s stock valued at $18,047,000 after buying an additional 73,266 shares in the last quarter. Empowered Funds LLC purchased a new stake in Workiva during the first quarter valued at approximately $421,000. Prudential Financial Inc. boosted its stake in Workiva by 66.7% in the second quarter. Prudential Financial Inc. now owns 6,259 shares of the software maker’s stock valued at $428,000 after acquiring an additional 2,505 shares in the last quarter. Cerity Partners LLC grew its holdings in Workiva by 24.8% in the second quarter. Cerity Partners LLC now owns 3,297 shares of the software maker’s stock worth $226,000 after purchasing an additional 656 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Workiva by 0.4% during the second quarter. California Public Employees Retirement System now owns 82,197 shares of the software maker’s stock worth $5,626,000 after purchasing an additional 342 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

WK has been the topic of a number of analyst reports. BTIG Research cut their target price on Workiva from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, August 5th. UBS Group set a $70.00 price objective on Workiva in a report on Wednesday, August 5th. Citigroup reaffirmed a “buy” rating on shares of Workiva in a research note on Thursday, August 6th. Raymond James Financial reiterated an “outperform” rating and set a $85.00 target price on shares of Workiva in a report on Wednesday, May 6th. Finally, Weiss Ratings raised shares of Workiva from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.75.

About Workiva

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.