Workiva (NYSE:WK) Price Target Raised to $105.00

by · The Cerbat Gem

Workiva (NYSE:WK – Free Report) had its price objective increased by Robert W. Baird from $95.00 to $105.00 in a report released on Wednesday,Benzinga reports. Robert W. Baird currently has an outperform rating on the software maker’s stock.

Other equities research analysts have also recently issued reports about the stock. Citigroup restated a “buy” rating on shares of Workiva in a report on Thursday, August 6th. Wall Street Zen lowered Workiva from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 29th. Stifel Nicolaus set a $95.00 price objective on Workiva in a research report on Thursday, August 27th. UBS Group set a $70.00 target price on Workiva in a research note on Wednesday, August 5th. Finally, Stephens reaffirmed an “overweight” rating and issued a $68.00 target price on shares of Workiva in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $88.30.

Get Our Latest Analysis on WK

Workiva Stock Down 0.0%

Shares of WK stock opened at $73.18 on Wednesday. Workiva has a 12 month low of $43.34 and a 12 month high of $97.10. The business’s 50 day moving average is $67.36 and its two-hundred day moving average is $58.54. The company has a market cap of $4.11 billion, a PE ratio of 89.25 and a beta of 0.49.

Workiva (NYSE:WK – Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $255.29 million during the quarter, compared to analysts’ expectations of $251.16 million. Workiva had a net margin of 4.87% and a negative return on equity of 140.17%. Workiva’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.19 earnings per share. 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 expect that Workiva will post 1.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Workiva news, EVP Brandon Ziegler sold 6,571 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $75.97, for a total value of $499,198.87. Following the sale, the executive vice president owned 126,216 shares of the company’s stock, valued at $9,588,629.52. The trade was a 4.95% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 4.77% of the stock is owned by corporate insiders.

Institutional Trading of Workiva

Institutional investors have recently made changes to their positions in the business. Engineers Gate Manager LP lifted its stake in Workiva by 10.6% during the second quarter. Engineers Gate Manager LP now owns 66,202 shares of the software maker’s stock worth $3,211,000 after purchasing an additional 6,357 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Workiva in the 2nd quarter worth approximately $46,000. NewEdge Advisors LLC acquired a new position in shares of Workiva in the 2nd quarter worth approximately $123,000. Squarepoint Ops LLC raised its holdings in shares of Workiva by 110.7% in the 2nd quarter. Squarepoint Ops LLC now owns 1,247,400 shares of the software maker’s stock worth $60,511,000 after buying an additional 655,396 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of Workiva by 91.0% during the 2nd quarter. Allworth Financial LP now owns 1,251 shares of the software maker’s stock worth $61,000 after buying an additional 596 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Workiva Company Profile

(Get Free Report)

Workiva Inc (NYSE: WK) is a cloud-based software company that provides connected reporting and compliance solutions for organizations. Its platform is designed to help businesses manage financial reporting, regulatory filings, environmental, social and governance (ESG) reporting, internal controls, risk management and audit-related processes in a centralized, collaborative environment.

Workiva’s offerings support the preparation and distribution of documents such as annual reports, quarterly filings, earnings materials and sustainability reports.

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