Workiva Inc. $WK Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P reduced its position in shares of Workiva Inc. (NYSE:WK) by 19.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 644,631 shares of the software maker’s stock after selling 152,552 shares during the period. Loomis Sayles & Co. L P’s holdings in Workiva were worth $44,125,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. SVB Wealth LLC acquired a new position in shares of Workiva in the first quarter valued at approximately $26,000. Harbour Investments Inc. acquired a new position in Workiva in the 1st quarter valued at $39,000. Bayforest Capital Ltd acquired a new position in Workiva in the 1st quarter valued at $39,000. TD Waterhouse Canada Inc. purchased a new position in shares of Workiva during the 2nd quarter worth $51,000. Finally, Hilltop National Bank acquired a new stake in shares of Workiva during the second quarter worth $66,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Stephens upped their target price on Workiva from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Raymond James Financial dropped their price objective on shares of Workiva from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Friday, August 1st. The Goldman Sachs Group reissued a “buy” rating and issued a $110.00 target price on shares of Workiva in a research report on Thursday, November 6th. Citigroup boosted their target price on shares of Workiva from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, September 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Workiva in a report on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $103.00.

Workiva Stock Performance

Shares of NYSE:WK opened at $92.56 on Friday. The stock has a 50-day simple moving average of $88.01 and a 200-day simple moving average of $77.43. The stock has a market capitalization of $5.20 billion, a P/E ratio of -110.19 and a beta of 0.87. Workiva Inc. has a 1 year low of $60.50 and a 1 year high of $116.83.

Workiva (NYSE:WK) last announced its quarterly earnings results on Wednesday, November 5th. The software maker reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.17. The business had revenue of $224.17 million for the quarter, compared to analyst estimates of $218.96 million. During the same period last year, the firm earned $0.21 earnings per share. The company’s quarterly revenue was up 20.8% on a year-over-year basis. Workiva has set its FY 2025 guidance at 1.650-1.68 EPS. Q4 2025 guidance at 0.670-0.700 EPS. Analysts predict that Workiva Inc. will post -0.92 earnings per share 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.