Workiva (NYSE:WK) Raised to “Buy” at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Workiva (NYSE:WK) from a hold rating to a buy rating in a report issued on Wednesday, Marketbeat.com reports. They currently have $130.00 price objective on the software maker’s stock, up from their prior price objective of $102.00.

Several other analysts have also recently weighed in on WK. Citigroup boosted their price objective on Workiva from $116.00 to $128.00 and gave the stock a “buy” rating in a report on Monday. BMO Capital Markets raised their price target on Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird increased their target price on Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $117.40.

Workiva Stock Down 0.0 %

NYSE:WK traded down $0.02 during mid-day trading on Wednesday, reaching $110.09. 18,903 shares of the company were exchanged, compared to its average volume of 380,222. The stock has a market cap of $6.10 billion, a PE ratio of -119.66 and a beta of 1.09. Workiva has a 12 month low of $65.47 and a 12 month high of $116.83. The company has a fifty day moving average of $90.52 and a 200 day moving average of $80.44.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Conestoga Capital Advisors LLC boosted its stake in Workiva by 2.8% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,188,445 shares of the software maker’s stock worth $86,745,000 after purchasing an additional 32,230 shares during the period. Geode Capital Management LLC grew its holdings in shares of Workiva by 3.2% during the third quarter. Geode Capital Management LLC now owns 1,144,826 shares of the software maker’s stock worth $90,597,000 after buying an additional 35,029 shares in the last quarter. Loomis Sayles & Co. L P raised its position in Workiva by 13.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 728,375 shares of the software maker’s stock valued at $57,629,000 after buying an additional 86,746 shares during the last quarter. Groupama Asset Managment bought a new stake in Workiva in the 3rd quarter valued at approximately $381,000. Finally, TimesSquare Capital Management LLC boosted its position in Workiva by 4.3% during the 3rd quarter. TimesSquare Capital Management LLC now owns 467,769 shares of the software maker’s stock worth $37,010,000 after acquiring an additional 19,095 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

About Workiva

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.