Jerome M. Behar Sold 76,520 Shares of Workiva Inc (WK) Shares

Jerome M. Behar Sold 76,520 Shares of Workiva Inc (WK) Shares

Workiva Inc (NYSE:WK) major shareholder Jerome M. Behar sold 76,520 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $18.27, for a total value of $1,398,020.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of Workiva Inc (WK) opened at 18.55 on Friday. The stock’s 50 day moving average price is $17.36 and its 200 day moving average price is $15.01. Workiva Inc has a 12 month low of $11.95 and a 12 month high of $19.04. The stock’s market capitalization is $767.54 million.

Workiva (NYSE:WK) last released its quarterly earnings data on Thursday, May 4th. The software maker reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.11. The company had revenue of $51.90 million for the quarter, compared to the consensus estimate of $50.67 million. Workiva had a negative return on equity of 363.07% and a negative net margin of 27.16%. Workiva’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the business posted ($0.21) EPS. Analysts expect that Workiva Inc will post ($0.67) EPS for the current year.

Several brokerages have weighed in on WK. Credit Suisse Group AG raised their price objective on Workiva from $16.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, May 5th. Robert W. Baird cut Workiva from an “outperform” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a research note on Tuesday, February 28th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Workiva currently has an average rating of “Hold” and a consensus price target of $18.33.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mairs & Power INC increased its position in Workiva by 15.0% in the third quarter. Mairs & Power INC now owns 210,523 shares of the software maker’s stock valued at $3,817,000 after buying an additional 27,500 shares during the last quarter. Elgethun Capital Management purchased a new position in Workiva during the fourth quarter valued at approximately $178,000. State Street Corp increased its position in Workiva by 4.4% in the fourth quarter. State Street Corp now owns 331,358 shares of the software maker’s stock valued at $4,524,000 after buying an additional 13,881 shares during the last quarter. Honkamp Krueger Financial Services Inc. ADV purchased a new position in Workiva during the fourth quarter valued at approximately $373,000. Finally, Federated Investors Inc. PA increased its position in Workiva by 89.8% in the fourth quarter. Federated Investors Inc. PA now owns 9,348 shares of the software maker’s stock valued at $128,000 after buying an additional 4,422 shares during the last quarter. Institutional investors own 35.34% of the company’s stock.

About Workiva

Workiva Inc provides enterprises with cloud solutions for improving productivity, accountability and insight into business data. The Company created Wdesk, a collaborative work management platform for organizations to collect, link, report and analyze their business data. Wdesk’s word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WK”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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