TimesSquare Capital Management LLC Acquires 19,095 Shares of Workiva Inc. (NYSE:WK)

TimesSquare Capital Management LLC grew its holdings in shares of Workiva Inc. (NYSE:WK) by 4.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 467,769 shares of the software maker’s stock after buying an additional 19,095 shares during the period. TimesSquare Capital Management LLC’s holdings in Workiva were worth $37,010,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of WK. V Square Quantitative Management LLC bought a new position in Workiva during the third quarter worth $28,000. Quarry LP boosted its position in shares of Workiva by 57.8% during the 2nd quarter. Quarry LP now owns 453 shares of the software maker’s stock worth $33,000 after purchasing an additional 166 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Workiva in the 1st quarter valued at about $40,000. Point72 Hong Kong Ltd acquired a new stake in shares of Workiva in the 2nd quarter valued at about $62,000. Finally, Headlands Technologies LLC increased its position in Workiva by 896.0% in the 2nd quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker’s stock valued at $128,000 after buying an additional 1,577 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Workiva Stock Up 3.6 %

Shares of WK stock opened at $94.75 on Friday. Workiva Inc. has a 52-week low of $65.47 and a 52-week high of $105.00. The company has a 50-day simple moving average of $78.71 and a two-hundred day simple moving average of $77.23.

Workiva (NYSE:WK) last issued its quarterly earnings results on Wednesday, November 6th. The software maker reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.06). The company had revenue of $185.62 million during the quarter, compared to analyst estimates of $182.50 million. Equities research analysts predict that Workiva Inc. will post -0.86 earnings per share for the current year.

Insider Buying and Selling at Workiva

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 stock was sold at an average price of $74.60, for a total value of $205,970.60. Following the completion of the sale, the executive vice president now directly owns 49,887 shares of the company’s stock, valued at $3,721,570.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 3.86% of the company’s stock.

Analyst Upgrades and Downgrades

WK has been the subject of several recent research reports. Northland Securities decreased their price objective on Workiva from $106.00 to $95.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. StockNews.com lowered shares of Workiva from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Robert W. Baird boosted their target price on shares of Workiva from $94.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday. BMO Capital Markets lifted their price target on Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Stifel Nicolaus increased their price objective on Workiva from $85.00 to $102.00 and gave the stock a “hold” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $103.20.

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.