2 weeks Ago By Defense World Staff
Bank of Montreal Can lessened its stake in Workiva Inc. (NYSE:WK – Free Report) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission.
The fund owned 3,746 shares of the software maker’s stock after selling 209 shares during the period. Bank of Montreal Can’s holdings in Workiva were worth $410,000 as of its most recent SEC filing. Several other institutional investors and hedge funds also recently made changes to their positions in WK.
World Investment Advisors boosted its holdings in Workiva by 2.7% in the fourth quarter. World Investment Advisors now owns 5,135 shares of the software maker’s stock valued at $562,000 after acquiring an additional 135 shares during the last quarter.
Trexquant Investment LP boosted its stake in shares of Workiva by 85.6% in the 4th quarter. Trexquant Investment LP now owns 87,428 shares of the software maker’s stock valued at $9,573,000 after purchasing an additional 40,329 shares during the last quarter.
California Public Employees Retirement System increased its position in shares of Workiva by 12.2% during the fourth quarter. California Public Employees Retirement System now owns 195,859 shares of the software maker’s stock worth $21,447,000 after buying an additional 21,361 shares during the period.
Arrowstreet Capital Limited Partnership bought a new position in Workiva during the fourth quarter worth $51,353,000. Finally, Pictet Asset Management Holding SA lifted its holdings in Workiva by 12.3% in the fourth quarter.
Pictet Asset Management Holding SA now owns 7,187 shares of the software maker’s stock valued at $787,000 after buying an additional 785 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.
Insider Transactions at WorkivaIn other Workiva news, Director Robert H. Herz sold 1,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $88.
70, for a total value of $88,700.00. Following the completion of the sale, the director now owns 34,084 shares in the company, valued at approximately $3,023,250.
80. This trade represents a 2.85 % decrease in their position.
The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Michael D. Hawkins sold 10,421 shares of Workiva stock in a transaction on Friday, March 7th.
The stock was 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 in the company, valued at $5,236,688.14. The trade was a 14.
53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,129 shares of company stock valued at $1,807,333 over the last ninety days.
3.86% of the stock is currently owned by insiders. Workiva Trading Up 4.
3 %Shares of WK stock opened at $68.75 on Wednesday. The firm has a market capitalization of $3.
86 billion, a PE ratio of -74.73 and a beta of 1.02.
Workiva Inc. has a 12 month low of $60.50 and a 12 month high of $116.
83. The firm has a fifty day simple moving average of $79.68 and a two-hundred day simple moving average of $91.
05. Analyst Ratings ChangesWK has been the subject of several research analyst reports. BNP Paribas started coverage on Workiva in a research report on Tuesday.
They issued an “outperform” rating and a $100.00 price objective for the company. Stephens initiated coverage on Workiva in a report on Wednesday, March 19th.
They issued an “overweight” rating and a $111.00 target price for the company. Citigroup increased their price target on Workiva from $128.
00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Stifel Nicolaus lowered their price objective on shares of Workiva from $130.
00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Finally, BMO Capital Markets cut their target price on shares of Workiva from $120.
00 to $108.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock.
According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $112.90.Read Our Latest Research Report on WorkivaAbout Workiva (Free Report)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.Further ReadingFive stocks we like better than WorkivaWith Risk Tolerance, One Size Does Not Fit AllHow to Invest in Micro-Cap Stocks Like a ProWhat is a Dividend Harvesting Strategy and How Can Investors Profit from it?Investors Sell Microsoft Stock on OpenAI News—Time to Buy? Why Are These Companies Considered Blue Chips?Take-Two Interactive: A Defensive Play Set to Explode.
