Workiva Inc. (NYSE:WK) Shares Purchased by Xponance Inc.

Xponance Inc. boosted its position in Workiva Inc. (NYSE:WK) by 9.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,609 shares of the software maker’s stock after purchasing an additional 308 shares during the period. Xponance Inc.’s holdings in Workiva were worth $395,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Twin Tree Management LP acquired a new stake in shares of Workiva in the fourth quarter worth $25,000. EverSource Wealth Advisors LLC boosted its holdings in Workiva by 14,650.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 885 shares of the software maker’s stock valued at $97,000 after purchasing an additional 879 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Workiva by 8.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker’s stock worth $159,000 after purchasing an additional 116 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Workiva during the 3rd quarter valued at about $168,000. Finally, Quantinno Capital Management LP acquired a new position in shares of Workiva in the 3rd quarter valued at about $207,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Workiva Trading Down 3.8 %

NYSE:WK opened at $83.46 on Thursday. The firm has a market cap of $4.68 billion, a P/E ratio of -90.72 and a beta of 1.09. The stock has a 50 day moving average of $92.88 and a two-hundred day moving average of $92.19. Workiva Inc. has a 12 month low of $65.47 and a 12 month high of $116.83.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Stephens initiated coverage on Workiva in a research report on Wednesday, March 19th. They set an “overweight” rating and a $111.00 price target for the company. Citigroup lifted their target price on shares of Workiva from $128.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Raymond James raised shares of Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price target on the stock in a report on Friday, January 3rd. Robert W. Baird lifted their price objective on shares of Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, Stifel Nicolaus lowered their target price on shares of Workiva from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $120.25.

Insider Buying and Selling

In other news, EVP Michael D. Hawkins sold 10,421 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $85.43, for a total transaction of $890,266.03. Following the transaction, the executive vice president now directly owns 61,298 shares in the company, valued at $5,236,688.14. The trade was a 14.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Brandon Ziegler sold 4,115 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $85.72, for a total value of $352,737.80. Following the completion of the sale, the chief accounting officer now directly owns 103,509 shares of the company’s stock, valued at approximately $8,872,791.48. This represents a 3.82 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,129 shares of company stock worth $1,807,333. 3.86% of the stock is owned by corporate insiders.

Workiva Profile

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.