Workiva (NYSE:WK) Price Target Raised to $128.00

Workiva (NYSE:WK) had its price target boosted by Citigroup from $116.00 to $128.00 in a research note published on Monday,Benzinga reports. The firm currently has a buy rating on the software maker’s stock.

Several other equities research analysts have also recently commented on the company. Robert W. Baird increased their price target on Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, December 13th. BMO Capital Markets raised their target price on Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus boosted their price target on shares of Workiva from $85.00 to $102.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Workiva currently has an average rating of “Moderate Buy” and an average target price of $117.40.

Workiva Stock Up 0.8 %

Shares of NYSE WK opened at $110.11 on Monday. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of -119.68 and a beta of 1.09. The company’s 50-day simple moving average is $90.52 and its 200-day simple moving average is $80.44. Workiva has a 52-week low of $65.47 and a 52-week high of $116.83.

Institutional Investors Weigh In On Workiva

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WK. Conestoga Capital Advisors LLC increased its position in shares of Workiva by 2.8% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,188,445 shares of the software maker’s stock worth $86,745,000 after purchasing an additional 32,230 shares during the last quarter. Geode Capital Management LLC boosted its stake in Workiva by 3.2% during the third quarter. Geode Capital Management LLC now owns 1,144,826 shares of the software maker’s stock worth $90,597,000 after buying an additional 35,029 shares during the period. Loomis Sayles & Co. L P increased its position in shares of Workiva by 13.5% during the third quarter. Loomis Sayles & Co. L P now owns 728,375 shares of the software maker’s stock valued at $57,629,000 after acquiring an additional 86,746 shares during the last quarter. Groupama Asset Managment purchased a new stake in shares of Workiva in the 3rd quarter valued at approximately $381,000. Finally, TimesSquare Capital Management LLC lifted its holdings in shares of Workiva by 4.3% in the 3rd quarter. TimesSquare Capital Management LLC now owns 467,769 shares of the software maker’s stock worth $37,010,000 after acquiring an additional 19,095 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

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.