Workiva (NYSE:WK) Issues Earnings Results


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Workiva (NYSE:WK) announced its quarterly earnings data on Tuesday. The software maker reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.05, MarketWatch Earnings reports. The business had revenue of $104.20 million during the quarter, compared to analyst estimates of $100.43 million. Workiva had a negative return on equity of 79.60% and a negative net margin of 19.34%. The company’s revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 earnings per share.

Workiva stock traded down $2.65 during mid-day trading on Tuesday, hitting $88.31. 338,472 shares of the stock were exchanged, compared to its average volume of 399,662. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 4.21. Workiva has a 12 month low of $37.74 and a 12 month high of $114.68. The firm’s fifty day simple moving average is $93.70 and its two-hundred day simple moving average is $88.53. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of -66.90 and a beta of 1.28.

Several analysts recently commented on WK shares. Zacks Investment Research upgraded shares of Workiva from a “sell” rating to a “hold” rating in a report on Thursday, April 1st. Morgan Stanley raised their price target on shares of Workiva from $82.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 25th. William Blair began coverage on shares of Workiva in a research note on Monday, January 4th. They issued an “outperform” rating for the company. Finally, The Goldman Sachs Group raised their price target on shares of Workiva from $60.00 to $101.00 and gave the company a “neutral” rating in a report on Thursday, February 25th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $87.71.

In other Workiva news, VP Jeff D. Trom sold 25,000 shares of the business’s stock in a transaction on Friday, April 23rd. The shares were sold at an average price of $96.11, for a total transaction of $2,402,750.00. Following the completion of the sale, the vice president now owns 270,976 shares in the company, valued at approximately $26,043,503.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael M. Crow sold 5,000 shares of the business’s stock in a transaction on Thursday, March 11th. The shares were sold at an average price of $100.00, for a total transaction of $500,000.00. Following the sale, the director now owns 24,889 shares of the company’s stock, valued at approximately $2,488,900. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,534 shares of company stock valued at $9,417,163. Company insiders own 14.95% of the company’s stock.

About Workiva

Workiva Inc, together with its subsidiaries, provides cloud-based compliance and regulatory reporting solutions worldwide. The company offers Workiva platform that offers controlled collaboration, data linking, data integrations, granular permissions, process management, and full audit trail services; and provides tools that enables customers to connect data from enterprise resource planning, governance risk and compliance, human capital management, and customer relationship management systems, as well as from other third-party cloud and on-premise applications.

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Earnings History for Workiva (NYSE:WK)

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