Jerome M. Behar Sells 31,000 Shares of Workiva Inc (WK) Stock

Workiva Inc (NYSE:WK) major shareholder Jerome M. Behar sold 31,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $25.72, for a total transaction of $797,320.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Shares of Workiva Inc (WK) opened at $26.20 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of -1.29. The stock has a market cap of $1,081.74, a PE ratio of -28.79 and a beta of 0.63. Workiva Inc has a fifty-two week low of $13.30 and a fifty-two week high of $26.75.

Several equities research analysts have commented on the stock. Credit Suisse Group boosted their price target on shares of Workiva from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 8th. Stifel Nicolaus boosted their price target on shares of Workiva from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. SunTrust Banks reissued a “buy” rating and set a $24.00 price target on shares of Workiva in a research report on Friday, November 3rd. Northland Securities reissued a “buy” rating and set a $23.00 price target on shares of Workiva in a research report on Sunday, October 29th. Finally, ValuEngine raised shares of Workiva from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $22.14.

Hedge funds have recently modified their holdings of the company. Old Mutual Global Investors UK Ltd. bought a new stake in shares of Workiva in the 3rd quarter valued at about $106,000. AMP Capital Investors Ltd bought a new stake in shares of Workiva in the 4th quarter valued at about $203,000. Voya Investment Management LLC bought a new stake in shares of Workiva in the 2nd quarter valued at about $192,000. Stone Ridge Asset Management LLC bought a new stake in shares of Workiva in the 4th quarter valued at about $219,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Workiva in the 3rd quarter valued at about $224,000. 38.52% of the stock is currently owned by institutional investors.

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About Workiva

Workiva Inc provides enterprises with cloud solutions for improving productivity, accountability and insight into business data. The Company created Wdesk, a collaborative work management platform for organizations to collect, link, report and analyze their business data. Wdesk’s word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail.

Insider Buying and Selling by Quarter for Workiva (NYSE:WK)

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