Workiva Inc. $WK Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its holdings in Workiva Inc. (NYSE:WK) by 15.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,825 shares of the software maker’s stock after selling 688 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Workiva were worth $262,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in WK. SVB Wealth LLC bought a new position in Workiva during the first quarter valued at about $26,000. Harbour Investments Inc. acquired a new stake in Workiva in the 1st quarter worth approximately $39,000. Bayforest Capital Ltd acquired a new position in shares of Workiva during the 1st quarter worth about $39,000. Hilltop National Bank bought a new stake in Workiva in the 2nd quarter valued at $66,000. Finally, AlphaQuest LLC bought a new stake in Workiva in the 1st quarter valued at $163,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Workiva Price Performance

Shares of NYSE WK opened at $92.25 on Thursday. The stock’s fifty day moving average price is $87.52 and its two-hundred day moving average price is $77.17. Workiva Inc. has a one year low of $60.50 and a one year high of $116.83. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of -109.82 and a beta of 0.87.

Workiva (NYSE:WK) last issued its quarterly earnings data on Wednesday, November 5th. The software maker reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.17. The business had revenue of $224.17 million during the quarter, compared to analyst estimates of $218.96 million. During the same quarter last year, the firm earned $0.21 EPS. Workiva’s revenue for the quarter was up 20.8% compared to the same quarter last year. Workiva has set its FY 2025 guidance at 1.650-1.68 EPS. Q4 2025 guidance at 0.670-0.700 EPS. On average, equities analysts anticipate that Workiva Inc. will post -0.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WK has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Workiva in a research note on Wednesday, October 8th. Stifel Nicolaus set a $98.00 price target on Workiva in a research report on Thursday, November 6th. Raymond James Financial reduced their price target on shares of Workiva from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Friday, August 1st. BMO Capital Markets lifted their price objective on Workiva from $100.00 to $103.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Finally, Wall Street Zen raised Workiva from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Ten analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.00.

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.