RIA Advisory Group LLC Buys New Shares in Workiva Inc. (NYSE:WK)

RIA Advisory Group LLC bought a new stake in Workiva Inc. (NYSE:WK) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,146 shares of the software maker’s stock, valued at approximately $328,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of Workiva by 2.0% in the 2nd quarter. Principal Financial Group Inc. now owns 6,823 shares of the software maker’s stock valued at $498,000 after acquiring an additional 137 shares during the last quarter. Quarry LP grew its stake in Workiva by 57.8% in the second quarter. Quarry LP now owns 453 shares of the software maker’s stock valued at $33,000 after acquiring an additional 166 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Workiva by 8.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker’s stock worth $171,000 after acquiring an additional 179 shares during the last quarter. Xponance Inc. boosted its position in shares of Workiva by 6.0% during the second quarter. Xponance Inc. now owns 3,195 shares of the software maker’s stock valued at $233,000 after buying an additional 182 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in Workiva by 3.9% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 4,910 shares of the software maker’s stock valued at $358,000 after buying an additional 183 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Workiva Price Performance

Shares of WK stock traded down $1.95 during trading hours on Friday, reaching $91.28. The stock had a trading volume of 363,642 shares, compared to its average volume of 395,739. The stock’s fifty day simple moving average is $80.52 and its 200 day simple moving average is $77.69. Workiva Inc. has a 12 month low of $65.47 and a 12 month high of $105.00.

Insider Activity at Workiva

In related news, EVP Michael D. Hawkins sold 2,761 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $74.60, for a total transaction of $205,970.60. Following the transaction, the executive vice president now directly owns 49,887 shares of the company’s stock, valued at approximately $3,721,570.20. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.86% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on WK. Robert W. Baird lifted their price target on Workiva from $94.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. BMO Capital Markets increased their target price on shares of Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Northland Securities cut their price target on Workiva from $106.00 to $95.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Stifel Nicolaus increased their target price on shares of Workiva from $85.00 to $102.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Finally, StockNews.com downgraded shares of Workiva from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Workiva presently has an average 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.