Mission Wealth Management LP Acquires New Position in Workiva Inc. (NYSE:WK)

Mission Wealth Management LP bought a new stake in shares of Workiva Inc. (NYSE:WK) during the fourth quarter, Holdings Channel reports. The fund bought 2,547 shares of the software maker’s stock, valued at approximately $279,000.

Other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its position in Workiva by 8.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker’s stock valued at $159,000 after purchasing an additional 116 shares during the period. Truist Financial Corp purchased a new position in Workiva during the 4th quarter valued at about $211,000. Heartwood Wealth Advisors LLC purchased a new position in Workiva during the 4th quarter valued at about $219,000. Abacus Planning Group Inc. purchased a new position in Workiva during the 4th quarter valued at about $222,000. Finally, Legato Capital Management LLC purchased a new position in shares of Workiva in the 4th quarter worth approximately $226,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on WK shares. Stifel Nicolaus cut their price objective on shares of Workiva from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Robert W. Baird lifted their price objective on shares of Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Citigroup lifted their price objective on shares of Workiva from $128.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. BMO Capital Markets cut their price objective on shares of Workiva from $120.00 to $108.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group lifted their price objective on shares of Workiva from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Workiva currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.57.

Workiva Stock Down 2.6 %

WK stock opened at $86.99 on Friday. The firm has a 50 day moving average of $99.91 and a 200 day moving average of $91.22. The stock has a market capitalization of $4.82 billion, a PE ratio of -94.55 and a beta of 1.09. Workiva Inc. has a 52 week low of $65.47 and a 52 week high of $116.83.

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.