Baron Wealth Management LLC Sells 390 Shares of Workiva Inc. (NYSE:WK)

Baron Wealth Management LLC reduced its position in Workiva Inc. (NYSE:WK) by 12.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,737 shares of the software maker’s stock after selling 390 shares during the period. Baron Wealth Management LLC’s holdings in Workiva were worth $217,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in Workiva during the 3rd quarter valued at $28,000. Quarry LP raised its stake in shares of Workiva by 57.8% during the 2nd quarter. Quarry LP now owns 453 shares of the software maker’s stock worth $33,000 after purchasing an additional 166 shares during the period. EntryPoint Capital LLC purchased a new stake in Workiva in the 1st quarter worth about $40,000. Point72 Hong Kong Ltd purchased a new stake in Workiva in the 2nd quarter worth about $62,000. Finally, Headlands Technologies LLC increased its holdings in Workiva by 896.0% in the 2nd 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 during the last quarter. 92.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Workiva Stock Down 0.5 %

Shares of NYSE:WK opened at $90.83 on Tuesday. Workiva Inc. has a 1 year low of $65.47 and a 1 year high of $105.00. The stock’s fifty day moving average price is $80.87 and its 200-day moving average price is $77.74.

Insider Buying and Selling at Workiva

In related news, EVP Michael D. Hawkins sold 2,761 shares of the 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 completion of the sale, the executive vice president now owns 49,887 shares in the company, valued at approximately $3,721,570.20. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.86% of the stock is owned by corporate insiders.

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.