Swedbank AB Has $7.91 Million Stock Holdings in Workiva Inc. (NYSE:WK)

Swedbank AB reduced its position in shares of Workiva Inc. (NYSE:WK) by 47.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,000 shares of the software maker’s stock after selling 90,800 shares during the period. Swedbank AB’s holdings in Workiva were worth $7,912,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in shares of Workiva during the 3rd quarter worth $28,000. Quarry LP grew its position 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 last quarter. Point72 Hong Kong Ltd bought a new position in Workiva in the second quarter valued at about $62,000. Headlands Technologies LLC raised its stake in Workiva by 896.0% during the second quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker’s stock worth $128,000 after acquiring an additional 1,577 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Workiva by 8.3% in the second 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. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Workiva news, EVP Michael D. Hawkins sold 2,761 shares of Workiva stock in a transaction on Friday, September 13th. The shares were 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 $3,721,570.20. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.86% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on WK shares. Northland Securities decreased their price target on shares of Workiva from $106.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. StockNews.com cut shares of Workiva from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Robert W. Baird increased their price target on Workiva from $94.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Stifel Nicolaus boosted their price objective on Workiva from $85.00 to $102.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Finally, BMO Capital Markets increased their target price on Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $103.20.

Workiva Stock Up 0.4 %

Workiva stock opened at $98.73 on Wednesday. The firm’s fifty day moving average is $83.03 and its 200 day moving average is $78.18. The company has a market capitalization of $5.47 billion, a PE ratio of -105.70 and a beta of 1.05. Workiva Inc. has a 12-month low of $65.47 and a 12-month high of $105.00.

Workiva Company 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.