Workiva Inc. (NYSE:WK) Stock Has Consensus Target Price of $87.00

by · The Markets Daily

Workiva Inc. (NYSE:WK – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $87.00.

A number of brokerages have commented on WK. UBS Group set a $70.00 price objective on Workiva in a research report on Wednesday, August 5th. Wall Street Zen upgraded Workiva from a “buy” rating to a “strong-buy” rating in a research report on Sunday, October 18th. Stifel Nicolaus set a $95.00 target price on Workiva in a research note on Thursday, August 27th. Citigroup reaffirmed a “buy” rating on shares of Workiva in a research report on Thursday, August 6th. Finally, Zacks Research downgraded shares of Workiva from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th.

View Our Latest Report on Workiva

Workiva Stock Performance

Shares of WK opened at $85.79 on Friday. The company has a 50-day simple moving average of $74.05 and a 200-day simple moving average of $60.68. Workiva has a 52 week low of $43.34 and a 52 week high of $97.10. The firm has a market capitalization of $4.81 billion, a P/E ratio of 104.63 and a beta of 0.53.

Workiva (NYSE:WK – Get Free Report) last released its earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share for the quarter, topping 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 business had revenue of $255.29 million for the quarter, compared to the consensus estimate of $251.16 million. During the same period last year, the business earned $0.19 earnings per share. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. As a group, equities analysts forecast that Workiva will post 1.31 earnings per share for the current year.

Insider Activity

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

Institutional Trading of Workiva

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC boosted its holdings in Workiva by 110.7% during the second quarter. Squarepoint Ops LLC now owns 1,247,400 shares of the software maker’s stock valued at $60,511,000 after purchasing an additional 655,396 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Workiva by 88.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,109,646 shares of the software maker’s stock worth $66,168,000 after buying an additional 520,839 shares in the last quarter. Hawk Ridge Capital Management LP acquired a new position in shares of Workiva in the 1st quarter worth approximately $65,091,000. First Trust Advisors LP raised its holdings in shares of Workiva by 16.4% in the 1st quarter. First Trust Advisors LP now owns 862,936 shares of the software maker’s stock worth $51,457,000 after buying an additional 121,643 shares in the last quarter. Finally, Ranger Investment Management L.P. lifted its position in shares of Workiva by 11.5% during the 1st quarter. Ranger Investment Management L.P. now owns 342,185 shares of the software maker’s stock worth $20,404,000 after buying an additional 35,329 shares during the period. Institutional investors own 92.21% of the company’s stock.

About Workiva

(Get Free Report)

Workiva Inc (NYSE: WK) provides cloud-based software designed to help organizations manage reporting, compliance, risk and other complex business processes. Its platform connects financial, operational and environmental, social and governance (ESG) data so teams can collaborate on information used for internal and external reporting.

The company’s products support financial reporting, regulatory filings, audit and compliance workflows, investor communications, and sustainability reporting.

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