Workiva (NYSE:WK) Stock Price Down 6.1% – Should You Sell?

Workiva Inc. (NYSE:WK) shares were down 6.1% during mid-day trading on Wednesday . The company traded as low as $51.33 and last traded at $51.5950. Approximately 73,189 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 1,017,627 shares. The stock had previously closed at $54.96.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WK. Robert W. Baird set a $74.00 price objective on Workiva in a report on Wednesday, May 6th. Weiss Ratings lowered Workiva from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. Zacks Research cut shares of Workiva from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Raymond James Financial reaffirmed an “outperform” rating and issued a $85.00 target price on shares of Workiva in a research report on Wednesday, May 6th. Finally, BTIG Research decreased their price target on shares of Workiva from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Ten equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $88.50.

Workiva Trading Down 5.2%

The firm has a market cap of $2.93 billion, a P/E ratio of 226.11 and a beta of 0.50. The business has a 50-day moving average of $50.09 and a two-hundred day moving average of $60.08.

Workiva (NYSE:WK) last issued its quarterly earnings results on Tuesday, May 5th. The software maker reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.11. Workiva had a net margin of 1.53% and a negative return on equity of 68.43%. The company had revenue of $247.31 million for the quarter, compared to analyst estimates of $245.17 million. During the same quarter in the previous year, the business earned $0.14 earnings per share. Workiva’s revenue was up 19.9% compared to the same quarter last year. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. As a group, equities analysts expect that Workiva Inc. will post 0.92 EPS for the current year.

Insider Transactions at Workiva

In related news, Director Robert H. Herz sold 1,000 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $49.69, for a total value of $49,690.00. Following the transaction, the director directly owned 34,802 shares in the company, valued at $1,729,311.38. This trade represents a 2.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 4.77% of the company’s stock.

Institutional Trading of Workiva

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WK. Handelsbanken Fonder AB raised its position in Workiva by 1.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 16,095 shares of the software maker’s stock valued at $781,000 after buying an additional 200 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Workiva in the second quarter valued at approximately $4,661,000. Harbor Investment Advisory LLC bought a new position in Workiva in the 2nd quarter valued at $40,000. Versant Capital Management Inc grew its position in Workiva by 202.3% during the second quarter. Versant Capital Management Inc now owns 532 shares of the software maker’s stock valued at $26,000 after buying an additional 356 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of Workiva by 34.3% during the 1st quarter. Empowered Funds LLC now owns 9,100 shares of the software maker’s stock worth $543,000 after purchasing an additional 2,325 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

About Workiva

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.