SVB Wealth LLC Takes $26,000 Position in Workiva Inc. $WK

SVB Wealth LLC purchased a new position in shares of Workiva Inc. (NYSE:WK) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 345 shares of the software maker’s stock, valued at approximately $26,000.

Other institutional investors have also recently bought and sold shares of the company. Boothbay Fund Management LLC bought a new position in shares of Workiva during the fourth quarter worth approximately $465,000. Beacon Pointe Advisors LLC bought a new stake in shares of Workiva in the fourth quarter valued at approximately $219,000. Northern Trust Corp grew its position in Workiva by 6.9% during the fourth quarter. Northern Trust Corp now owns 596,466 shares of the software maker’s stock worth $65,313,000 after buying an additional 38,633 shares in the last quarter. Aequim Alternative Investments LP bought a new position in Workiva during the 4th quarter worth $2,431,000. Finally, Aristeia Capital L.L.C. acquired a new position in Workiva in the 4th quarter valued at $8,957,000. Institutional investors own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on WK shares. Raymond James Financial reduced their target price on Workiva from $105.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday, August 1st. Wall Street Zen upgraded shares of Workiva from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Robert W. Baird set a $105.00 target price on shares of Workiva in a report on Wednesday, June 25th. Stephens reaffirmed an “overweight” rating and set a $95.00 price target on shares of Workiva in a report on Thursday, May 22nd. Finally, Citigroup reissued a “buy” rating and issued a $105.00 price objective (down from $108.00) on shares of Workiva in a research note on Wednesday, July 16th. Nine equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $99.22.

Workiva Trading Up 0.5%

WK opened at $80.78 on Friday. The company’s 50 day moving average is $71.38 and its 200-day moving average is $74.03. Workiva Inc. has a 1-year low of $60.50 and a 1-year high of $116.83. The company has a market cap of $4.53 billion, a P/E ratio of -67.32 and a beta of 0.86.

Workiva (NYSE:WK) last released its quarterly earnings data on Thursday, July 31st. The software maker reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.14. The company had revenue of $215.19 million for the quarter, compared to analyst estimates of $208.92 million. Workiva’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 earnings per share. Workiva has set its FY 2025 guidance at 1.310-1.380 EPS. Q3 2025 guidance at 0.370-0.410 EPS. On average, equities analysts forecast that Workiva Inc. will post -0.92 EPS for the current year.

Workiva Company Profile

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.