Groupama Asset Managment Acquires Shares of 500,000 Workiva Inc. (NYSE:WK)

Groupama Asset Managment bought a new position in shares of Workiva Inc. (NYSE:WK) during the third quarter, HoldingsChannel.com reports. The firm bought 500,000 shares of the software maker’s stock, valued at approximately $381,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in Workiva during the third quarter worth approximately $28,000. Quarry LP lifted its position in shares of Workiva by 57.8% during the 2nd 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. Point72 Hong Kong Ltd acquired a new stake in shares of Workiva during the 2nd quarter worth $62,000. Headlands Technologies LLC increased its position in shares of Workiva by 896.0% in the second quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker’s stock worth $128,000 after purchasing an additional 1,577 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its stake in Workiva by 8.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker’s stock valued at $171,000 after purchasing an additional 179 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WK shares. BMO Capital Markets increased their price objective on shares of Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Stifel Nicolaus increased their price target 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, Robert W. Baird boosted their price objective on shares of Workiva from $94.00 to $110.00 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 MarketBeat.com, Workiva presently has an average rating of “Moderate Buy” and a consensus price target of $103.20.

Insider Buying and Selling at Workiva

In other Workiva 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 value of $205,970.60. Following the completion of the transaction, the executive vice president now directly 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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.86% of the company’s stock.

Workiva Stock Performance

WK opened at $102.33 on Tuesday. The company’s 50 day moving average is $87.22 and its 200-day moving average is $79.30. Workiva Inc. has a 1-year low of $65.47 and a 1-year high of $105.00.

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.