Workiva (NYSE:WK) Cut to “Buy” at Wall Street Zen

Wall Street Zen downgraded shares of Workiva (NYSE:WK) from a strong-buy rating to a buy rating in a research note published on Saturday morning,Wall Street Zen reports.

Other research analysts also recently issued reports about the company. Robert W. Baird set a $74.00 price objective on Workiva in a research note on Wednesday, May 6th. Stephens reissued an “overweight” rating and issued a $68.00 price target on shares of Workiva in a research note on Tuesday, May 26th. Zacks Research upgraded shares of Workiva from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Citigroup reaffirmed a “buy” rating on shares of Workiva in a research note on Thursday, August 6th. Finally, Stifel Nicolaus set a $95.00 price objective on shares of Workiva in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $86.83.

Workiva Stock Up 1.3%

Shares of Workiva stock opened at $80.19 on Friday. The firm has a market cap of $4.50 billion, a PE ratio of 97.79 and a beta of 0.46. The business has a 50-day moving average price of $60.56 and a 200 day moving average price of $57.14. Workiva has a twelve month low of $43.34 and a twelve month high of $97.10.

Workiva (NYSE:WK) last announced its earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. The firm had revenue of $255.29 million for the quarter, compared to analyst estimates of $251.16 million. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%.The business’s revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 EPS. 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, sell-side analysts expect that Workiva will post 1.31 EPS for the current year.

Insider Activity

In other Workiva news, EVP Brandon Ziegler sold 6,571 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $75.97, for a total value of $499,198.87. Following the completion of the sale, the executive vice president directly owned 126,216 shares of the company’s stock, valued at $9,588,629.52. This trade represents a 4.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.77% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Corient Private Wealth LP grew its holdings in shares of Workiva by 33.4% in the second quarter. Corient Private Wealth LP now owns 28,961 shares of the software maker’s stock valued at $1,405,000 after purchasing an additional 7,250 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Workiva during the second quarter worth about $238,000. Vancity Investment Management Ltd raised its stake in Workiva by 32.3% during the second quarter. Vancity Investment Management Ltd now owns 20,149 shares of the software maker’s stock worth $977,000 after purchasing an additional 4,922 shares during the period. California State Teachers Retirement System boosted its holdings in Workiva by 4,614.8% in the 2nd quarter. California State Teachers Retirement System now owns 2,902,693 shares of the software maker’s stock valued at $140,810,000 after purchasing an additional 2,841,127 shares during the last quarter. Finally, Nykredit A S acquired a new position in Workiva in the 2nd quarter valued at about $180,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Workiva Company Profile

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.