FORA Capital LLC Acquires New Holdings in Workiva Inc. (NYSE:WK)

FORA Capital LLC bought a new position in shares of Workiva Inc. (NYSE:WK) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,059 shares of the software maker’s stock, valued at approximately $479,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in shares of Workiva in the third quarter worth $28,000. Quarry LP raised its holdings in shares of Workiva by 57.8% in the 2nd quarter. Quarry LP now owns 453 shares of the software maker’s stock valued at $33,000 after acquiring an additional 166 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Workiva during the 2nd quarter valued at about $62,000. Headlands Technologies LLC grew its holdings in shares of Workiva by 896.0% during the second quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker’s stock worth $128,000 after purchasing an additional 1,577 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Workiva by 8.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker’s stock worth $171,000 after purchasing an additional 179 shares during the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Workiva Trading Down 1.9 %

WK opened at $96.85 on Friday. Workiva Inc. has a 12 month low of $65.47 and a 12 month high of $105.00. The business’s 50-day moving average price is $83.86 and its 200-day moving average price is $78.43.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of Workiva from $85.00 to $102.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Northland Securities reduced their target price on Workiva from $106.00 to $95.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Robert W. Baird lifted their price target on Workiva from $94.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. StockNews.com lowered Workiva from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, BMO Capital Markets raised their price objective on Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.20.

Insiders Place Their Bets

In other Workiva news, EVP Michael D. Hawkins sold 2,761 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $74.60, for a total value of $205,970.60. Following the sale, the executive vice president now owns 49,887 shares of the company’s stock, valued at $3,721,570.20. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.86% of the company’s stock.

Workiva Company 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.