Natixis Advisors L.P. Purchases 34,033 Shares of Workiva Inc. (NYSE:WK)

Posted by on Apr 11th, 2023

Natixis Advisors L.P. boosted its holdings in shares of Workiva Inc. (NYSE:WK – Get Rating) by 17.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 233,870 shares of the software maker’s stock after buying an additional 34,033 shares during the period. Natixis Advisors L.P. owned approximately 0.45% of Workiva worth $19,638,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Signaturefd LLC increased its holdings in Workiva by 18.6% during the third quarter. Signaturefd LLC now owns 911 shares of the software maker’s stock worth $71,000 after buying an additional 143 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of Workiva by 86.7% in the third quarter. Cullen Frost Bankers Inc. now owns 364 shares of the software maker’s stock valued at $28,000 after buying an additional 169 shares during the period. Amalgamated Bank grew its stake in shares of Workiva by 2.4% during the 3rd quarter. Amalgamated Bank now owns 7,715 shares of the software maker’s stock worth $600,000 after acquiring an additional 183 shares during the period. Prudential Financial Inc. increased its holdings in Workiva by 2.3% in the 3rd quarter. Prudential Financial Inc. now owns 10,219 shares of the software maker’s stock worth $790,000 after acquiring an additional 227 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Workiva by 10.2% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,607 shares of the software maker’s stock worth $203,000 after acquiring an additional 241 shares during the last quarter. 82.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WK has been the subject of a number of recent research reports. Robert W. Baird lifted their price objective on shares of Workiva from $96.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, February 22nd. Truist Financial lifted their target price on Workiva from $80.00 to $100.00 in a report on Wednesday, February 22nd. BMO Capital Markets boosted their price objective on shares of Workiva from $88.00 to $96.00 and gave the company an “outperform” rating in a research note on Wednesday, February 22nd. Citigroup lifted their price target on Workiva from $101.00 to $108.00 in a research report on Wednesday, February 22nd. Finally, StockNews.com initiated coverage on shares of Workiva in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $97.50.

Insider Buying and Selling

In other news, CFO Jill Klindt sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $90.20, for a total value of $1,353,000.00. Following the completion of the transaction, the chief financial officer now owns 84,399 shares in the company, valued at approximately $7,612,789.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Workiva news, CFO Jill Klindt sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $90.20, for a total transaction of $1,353,000.00. Following the completion of the transaction, the chief financial officer now owns 84,399 shares of the company’s stock, valued at $7,612,789.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael M. Crow sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $90.20, for a total value of $360,800.00. Following the completion of the sale, the director now directly owns 14,943 shares in the company, valued at $1,347,858.60. The disclosure for this sale can be found here. Insiders sold a total of 55,249 shares of company stock valued at $4,924,271 over the last three months. Corporate insiders own 5.70% of the company’s stock.

Workiva Stock Up 0.6 %

Shares of NYSE:WK opened at $97.89 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 59.31. The company has a 50-day moving average price of $92.81 and a 200-day moving average price of $84.04. Workiva Inc. has a 12 month low of $59.43 and a 12 month high of $113.58.

Workiva (NYSE:WK – Get Rating) last issued its quarterly earnings data on Tuesday, February 21st. The software maker reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.20. Workiva had a negative return on equity of 1,024.28% and a negative net margin of 16.91%. The firm had revenue of $143.80 million for the quarter, compared to analyst estimates of $139.22 million. Equities research analysts expect that Workiva Inc. will post -1.73 earnings per share for the current year.

Workiva Company Profile

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Workiva, Inc engages in the provision of cloud-based compliance and regulatory reporting solutions that are designed to solve business challenges at the intersection of data, process, and people. Its platform includes Wdesk, which offers controlled collaboration, data linking, data integrations, granular permissions, process management, and a full audit trail.

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Institutional Ownership by Quarter for Workiva (NYSE:WK)

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