Ingalls & Snyder LLC Sells 896 Shares of Workiva Inc. (NYSE:WK)

Ingalls & Snyder LLC cut its stake in Workiva Inc. (NYSE:WK) by 1.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,353 shares of the software maker’s stock after selling 896 shares during the quarter. Ingalls & Snyder LLC owned about 0.13% of Workiva worth $5,566,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. purchased a new stake in Workiva during the 3rd quarter valued at about $18,000,000. Janus Henderson Group PLC boosted its holdings in shares of Workiva by 839.8% during the 3rd quarter. Janus Henderson Group PLC now owns 213,831 shares of the software maker’s stock valued at $16,919,000 after acquiring an additional 191,078 shares during the last quarter. Benjamin Edwards Inc. boosted its holdings in shares of Workiva by 238.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 3,247 shares of the software maker’s stock valued at $257,000 after acquiring an additional 2,288 shares during the last quarter. Verition Fund Management LLC boosted its holdings in shares of Workiva by 241.4% during the 3rd quarter. Verition Fund Management LLC now owns 20,461 shares of the software maker’s stock valued at $1,619,000 after acquiring an additional 14,467 shares during the last quarter. Finally, FORA Capital LLC bought a new position in shares of Workiva in the 3rd quarter worth approximately $479,000. 92.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on WK shares. Robert W. Baird increased their price objective on shares of Workiva from $94.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. 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. Finally, Stifel Nicolaus increased their price objective on shares of Workiva from $85.00 to $102.00 and gave the stock a “hold” rating in a research note 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, Workiva presently has a consensus rating of “Moderate Buy” and an average price target of $103.20.

Insiders Place Their Bets

In other Workiva news, EVP Michael D. Hawkins sold 2,761 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were 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. The trade was a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.86% of the stock is owned by insiders.

Workiva Trading Down 0.4 %

Shares of WK stock traded down $0.37 on Tuesday, reaching $97.73. The company’s stock had a trading volume of 13,661 shares, compared to its average volume of 374,984. The stock’s fifty day simple moving average is $84.98 and its 200-day simple moving average is $78.67. Workiva Inc. has a 1 year low of $65.47 and a 1 year high of $105.00. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of -106.63 and a beta of 1.09.

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.