Workiva Inc. $WK Shares Sold by Brown Capital Management LLC

Brown Capital Management LLC reduced its position in Workiva Inc. (NYSE:WK) by 34.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 461,360 shares of the software maker’s stock after selling 240,647 shares during the quarter. Workiva comprises approximately 1.6% of Brown Capital Management LLC’s investment portfolio, making the stock its 25th largest position. Brown Capital Management LLC owned about 0.82% of Workiva worth $39,714,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WK. Millennium Management LLC grew its holdings in shares of Workiva by 44.5% during the first quarter. Millennium Management LLC now owns 237,746 shares of the software maker’s stock worth $18,047,000 after buying an additional 73,266 shares in the last quarter. Empowered Funds LLC acquired a new position in Workiva during the first quarter worth about $421,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Workiva by 9.2% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,972 shares of the software maker’s stock valued at $477,000 after acquiring an additional 585 shares in the last quarter. Hilltop National Bank purchased a new stake in Workiva during the 2nd quarter valued at about $66,000. Finally, KLP Kapitalforvaltning AS raised its holdings in Workiva by 8.4% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 10,300 shares of the software maker’s stock valued at $705,000 after acquiring an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Workiva Stock Down 0.6%

NYSE:WK opened at $76.59 on Tuesday. Workiva Inc. has a 52 week low of $60.50 and a 52 week high of $103.50. The stock’s fifty day moving average is $86.83 and its two-hundred day moving average is $83.47. The company has a market capitalization of $4.30 billion, a P/E ratio of -91.18 and a beta of 0.62.

Workiva (NYSE:WK) last issued its quarterly earnings data on Wednesday, November 5th. The software maker reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.17. The business had revenue of $224.17 million for the quarter, compared to analyst estimates of $218.96 million. The firm’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.21 earnings per share. Workiva has set its FY 2025 guidance at 1.650-1.68 EPS and its Q4 2025 guidance at 0.670-0.700 EPS. Sell-side analysts anticipate that Workiva Inc. will post -0.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Workiva in a report on Wednesday, January 21st. UBS Group set a $110.00 price objective on Workiva in a research report on Sunday, November 9th. The Goldman Sachs Group reissued a “buy” rating and set a $110.00 price objective on shares of Workiva in a research note on Thursday, November 6th. BTIG Research initiated coverage on Workiva in a report on Tuesday, December 16th. They issued a “buy” rating and a $105.00 target price for the company. Finally, Stephens lifted their price target on Workiva from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $103.92.

About Workiva

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.