OneDigital Investment Advisors LLC Sells 1,098 Shares of Workiva Inc. (NYSE:WK)

OneDigital Investment Advisors LLC trimmed its holdings in Workiva Inc. (NYSE:WK) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,009 shares of the software maker’s stock after selling 1,098 shares during the quarter. OneDigital Investment Advisors LLC owned about 0.07% of Workiva worth $4,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC raised its holdings in shares of Workiva by 141.6% during the fourth quarter. SG Americas Securities LLC now owns 9,341 shares of the software maker’s stock valued at $1,023,000 after purchasing an additional 5,475 shares during the period. Nordea Investment Management AB bought a new stake in Workiva in the 4th quarter valued at about $59,894,000. Truist Financial Corp acquired a new position in Workiva during the 4th quarter worth approximately $211,000. World Investment Advisors LLC bought a new position in Workiva in the third quarter worth approximately $396,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in Workiva in the fourth quarter valued at approximately $237,000. Institutional investors own 92.21% of the company’s stock.

Insiders Place Their Bets

In other Workiva news, EVP Michael D. Hawkins sold 10,421 shares of Workiva stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $85.43, for a total value of $890,266.03. Following the sale, the executive vice president now owns 61,298 shares of the company’s stock, valued at approximately $5,236,688.14. The trade was a 14.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $352,737.80. Following the transaction, the chief accounting officer now directly owns 103,509 shares of the company’s stock, valued at $8,872,791.48. This represents a 3.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,129 shares of company stock valued at $1,807,333. Insiders own 3.86% of the company’s stock.

Workiva Stock Up 4.3 %

Shares of NYSE WK opened at $68.75 on Wednesday. The company has a market capitalization of $3.86 billion, a PE ratio of -74.73 and a beta of 1.02. The stock’s 50 day moving average price is $79.68 and its 200-day moving average price is $91.05. Workiva Inc. has a twelve month low of $60.50 and a twelve month high of $116.83.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on WK shares. Stephens initiated coverage on Workiva in a report on Wednesday, March 19th. They issued an “overweight” rating and a $111.00 target price on the stock. Stifel Nicolaus dropped their price objective 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. BNP Paribas assumed coverage on shares of Workiva in a report on Tuesday. They set an “outperform” rating and a $100.00 price objective for the company. BMO Capital Markets lowered their target price on shares of Workiva from $120.00 to $108.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group dropped their price target on shares of Workiva from $118.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.90.

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.