Workiva (NYSE:WK) Stock Rating Upgraded by Wall Street Zen

Workiva (NYSE:WK) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Sunday, Wall Street Zen reports.

WK has been the subject of several other reports. Zacks Research downgraded shares of Workiva from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Robert W. Baird upped their price objective on shares of Workiva from $95.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. BTIG Research set a $85.00 price objective on shares of Workiva in a research note on Wednesday, September 16th. Citigroup reaffirmed a “buy” rating on shares of Workiva in a report on Thursday, August 6th. Finally, Stifel Nicolaus set a $95.00 target price on shares of Workiva in a research note on Thursday, August 27th. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

Workiva Price Performance

Shares of NYSE:WK opened at $76.69 on Friday. The business’s fifty day moving average price is $73.08 and its two-hundred day moving average price is $60.04. Workiva has a fifty-two week low of $43.34 and a fifty-two week high of $97.10. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 93.53 and a beta of 0.53.

Workiva (NYSE:WK) last issued its quarterly earnings data 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. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%. The company had revenue of $255.29 million during the quarter, compared to analysts’ expectations of $251.16 million. During the same period last year, the business earned $0.19 earnings per share. The business’s revenue was up 18.6% on a year-over-year basis. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. Research analysts expect that Workiva will post 1.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Brandon Ziegler sold 6,571 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $75.97, for a total transaction of $499,198.87. Following the sale, the executive vice president owned 126,216 shares in the company, valued at approximately $9,588,629.52. This represents a 4.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.77% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WK. Abel Hall LLC grew its holdings in Workiva by 26.0% during the 3rd quarter. Abel Hall LLC now owns 5,544 shares of the software maker’s stock worth $369,000 after acquiring an additional 1,144 shares during the last quarter. Robertson Stephens Wealth Management LLC acquired a new stake in Workiva in the 3rd quarter valued at about $336,000. Assenagon Asset Management S.A. increased its position in Workiva by 154.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 243,991 shares of the software maker’s stock valued at $16,242,000 after acquiring an additional 147,917 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Workiva by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 2,423 shares of the software maker’s stock worth $161,000 after acquiring an additional 164 shares during the last quarter. Finally, Foster Group Inc. bought a new position in shares of Workiva in the third quarter worth about $206,000. 92.21% of the stock is owned by institutional investors.

About Workiva

Workiva Inc is a cloud-based software company that helps organizations manage complex reporting, compliance and operational processes. Its platform connects data from multiple sources, enabling users to prepare, review and distribute financial reports, regulatory filings, management reports and other business documents through a collaborative digital environment.

The company’s products support financial reporting, environmental, social and governance (ESG) reporting, risk management, internal controls, audit management and regulatory compliance.