On Thursday, equity research analysts at StockNews.com informed investors via a message that they had begun covering Workiva.
The announcement was made in a message sent to investors (NYSE: WK).
The company strongly recommended that all of its customers “hold” their investments in the software company’s stock.
On February 21, the most recent quarterly earnings report for Workiva (NYSE: WK) was made public for investors to review.
The software developer reported a profit of $0.23 per share for the quarter, which was $0.20 more than the consensus estimate of a loss of $0.43 per share for the period.
The actual sales for the company during the quarter came in at $143.80 million, significantly higher than the general average forecast of $139.22 million provided. Workiva had a negative return on equity, which came in at 1,024.28%, and the business also had a negative net margin of 16.91%.
According to the forecasts of industry experts, Workiva’s profits for the current fiscal year will amount to a loss of 1.73 cents for each share of the company’s stock.
On Thursday, WK stock was first offered for trading for $91.74 per share.
Both the price-to-earnings ratio and the beta value for the company come in at 1.15.
The ratio for the company is -53.34.
The company currently has a market capitalization of $4.87 billion. Workiva reached a new all-time high of $124.76 over the last year, while the company hit a new all-time low of $59.43.
The debt-to-equity ratio was calculated to be 59.31, the quick ratio was calculated to be 1.47, and the current ratio was also calculated to be 1.47.
The moving average of the company’s stock price over the past 50 days is $88.96, while the moving average over the last 200 days is $80.02.
As of late, commentary regarding the share price has been provided by several additional equity research analysts. Robert W.
Baird upgraded their rating on the company to “outperform” and increased their target price on Workiva shares from $96.00 to $100.00 in a research note published on February 22.
In addition, the price that was projected to be reached was increased from $96.00 to $100.00. On February 22, Citigroup increased its price objective for Workiva shares from $101.00 to $108.00.
This change took immediate effect.
In a research note published on February 22, Truist Financial announced they were increasing their price objective on Workiva shares from $80.00 to $100.00.
Lastly, BMO Capital Markets upgraded their “outperform” rating on Workiva shares and increased their price objective on the stock from $80.00 to $90.00 in a research note published on February 22.
Two research analysts feel that investors should maintain their current stock holdings, while four think investors should purchase the stock.
The average rating for Workiva on Bloomberg.com is “Moderate Buy,” The website projects a price of $97.50 for the company shortly.
These figures were sourced from the website.
In related news, on January 23, Director Robert H. Herz sold 7,818 shares of the company’s stock.
This is just one of the recent developments on this subject.
The total amount obtained from the sale of the shares was $707,607.18, and the price that prospective purchasers were willing to pay on average was $90.51.
The director is now the direct owner of 54,902 company shares, which have a combined value of $4,969,180.02 after the completion of the transaction. On the Securities and Exchange Commission website, one can find a copy of the legal file that disclosed the transaction.
This file contains the details of the transaction (SEC). Jill Klindt, the company’s Chief Financial Officer, sold 15,000 shares of the company’s stock on March 8, according to additional information related to this topic.
A total of $1,353,000.00 worth of the company’s shares were traded at an average price of $90.20 per share, which resulted in revenue of $1,353,000.00.
Because of the transaction, the chief financial officer directly owns 84,399 shares.
Based on the current stock price, these shares have a value of approximately $7,612,789.80. On the Securities and Exchange Commission website, one can find a copy of the legal file that disclosed the transaction.
This file contains the details of the transaction (SEC). Robert H. Herz, who serves as a director of the organization, in addition to selling 7,818 shares of the company’s stock on January 23, The total amount obtained from the sale of the shares was $707,607.18, and the price that prospective purchasers were willing to pay on average was $90.51. Following the conclusion of the transaction, the director has increased his stake in the company by 54,902 shares, bringing his total holdings to a value of 4,969,180.02 dollars.
The disclosure about the purchase can be found in this particular location.
Insiders have sold 55,249 shares of company stock over the most recent three months, bringing in a total of $4,924,271 through their transactions. 5.70 company insiders own a percent of the total shares currently outstanding.
As a result of recent occurrences, institutional investors and hedge funds have either increased or decreased the scope of their interests in the company.
Bessemer Group INC increased the amount of Workiva stock owned by 44.9% during the third quarter of the fiscal year.
After making an additional purchase of 20,289 shares during the most recent quarter, Bessemer Group INC now owns a total of 65,475 shares of the software developer’s stock, valued at $5,094,000.
These shares were acquired as part of the most recent quarter.
During the third quarter, Knights of Columbus Asset Advisors LLC increased the percentage of Workiva stock owned by 13.4%.
After purchasing an additional 2,495 shares during the most recent quarter, Knights of Columbus Asset Advisors LLC now owns 21,165 shares of the software developer’s stock, which is $1,647,000.
After the company’s holdings had already been increased by 2.495%, it went ahead and bought these additional shares.
Moody Aldrich Partners LLC increased the amount of Workiva stock owned by 1.7% during the third quarter of 2018. Following the acquisition of 1,100 additional shares during the most recent fiscal quarter, Moody Aldrich Partners LLC now holds 64,015 shares of the common stock of the software manufacturer.
The total value of these holdings comes to 4,980 thousand dollars.
During the second quarter, JPMorgan Chase & Co increased the number of Workiva shares it owned by 30.5%, bringing the total number of shares it owned to 1.
After purchasing 38,585 shares during the most recent quarter, JPMorgan Chase & Co now owns 165,229 shares of the software maker’s stock, valued at $10,904,000.
Last but not least, Los Angeles Capital Management LLC increased its holdings in Workiva by 45.0% during the third quarter.
This certainly should not be considered the least important development.
After purchasing 5,271 additional shares during the preceding quarter, Los Angeles Capital Management LLC now holds 16,991 shares of the software maker’s stock.
Each share has a value of $1.322,000, and the company’s overall market capitalization is $1,322,000. Currently, 82.41% of the company’s shares are owned by hedge funds and other institutional investors.