Workiva (NYSE:WK) is scheduled to announce its earnings results after the market closes on Thursday, February 22nd. Analysts expect the company to announce earnings of ($0.37) per share for the quarter.
Shares of Workiva (NYSE:WK) opened at $26.20 on Wednesday. Workiva has a 12-month low of $13.00 and a 12-month high of $26.60. The company has a debt-to-equity ratio of -1.29, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $1,100.00, a price-to-earnings ratio of -28.79 and a beta of 0.63.
Several equities research analysts have recently weighed in on WK shares. Stifel Nicolaus increased their price objective on shares of Workiva from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. SunTrust Banks reiterated a “buy” rating and set a $24.00 price objective on shares of Workiva in a research report on Friday, November 3rd. Northland Securities reiterated a “buy” rating and set a $23.00 price objective on shares of Workiva in a research report on Sunday, October 29th. TheStreet upgraded shares of Workiva from a “d” rating to a “c-” rating in a research report on Wednesday, December 13th. Finally, ValuEngine upgraded shares of Workiva from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $22.14.
In related news, major shareholder Jerome M. Behar sold 46,000 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $22.15, for a total transaction of $1,018,900.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Jerome M. Behar sold 50,000 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $22.95, for a total transaction of $1,147,500.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 251,923 shares of company stock worth $6,004,525. 33.29% of the stock is owned by insiders.
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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.
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