Workiva Inc (NYSE:WK) EVP Scott G. Ryan Sells 31,250 Shares

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Workiva Inc (NYSE:WK) EVP Scott G. Ryan sold 31,250 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $56.25, for a total transaction of $1,757,812.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

WK opened at $50.01 on Friday. Workiva Inc has a twelve month low of $30.35 and a twelve month high of $64.11. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.80. The company has a 50-day moving average price of $58.78 and a 200 day moving average price of $52.81. The company has a market cap of $2.37 billion, a PE ratio of -53.77 and a beta of 0.96.

Workiva (NYSE:WK) last released its quarterly earnings results on Tuesday, August 6th. The software maker reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.08). The company had revenue of $73.48 million for the quarter, compared to analysts’ expectations of $68.96 million. During the same period in the previous year, the business posted ($0.12) EPS. The firm’s revenue was up 24.3% on a year-over-year basis. As a group, sell-side analysts expect that Workiva Inc will post -1.03 earnings per share for the current year.

Several research firms recently weighed in on WK. ValuEngine downgraded shares of Workiva from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Workiva from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a research report on Friday, July 5th. Finally, SunTrust Banks upped their price target on shares of Workiva to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. Workiva presently has a consensus rating of “Buy” and an average target price of $46.83.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Inc. raised its position in shares of Workiva by 238.1% during the 4th quarter. Advisor Group Inc. now owns 710 shares of the software maker’s stock worth $26,000 after purchasing an additional 500 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in Workiva by 541.7% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 462 shares of the software maker’s stock valued at $27,000 after acquiring an additional 390 shares during the last quarter. Macquarie Group Ltd. raised its holdings in Workiva by 57.1% in the 4th quarter. Macquarie Group Ltd. now owns 1,100 shares of the software maker’s stock valued at $39,000 after acquiring an additional 400 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Workiva in the 2nd quarter valued at about $52,000. Finally, Advisory Services Network LLC acquired a new stake in Workiva in the 1st quarter valued at about $89,000. Hedge funds and other institutional investors own 52.33% of the company’s stock.

Workiva Company Profile

Workiva Inc provides cloud-based solutions for connected data, reporting, and compliance worldwide. The company offers Wdesk, a platform that provides data collection and linking, data integrations, controlled collaboration, granular permissions, process management, and full audit trail services; and Wdata, which includes data preparation tools, data connectors, and application programming interfaces that enable customers to create direct connections to their data.

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

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