Workiva (NYSE:WK – Get Free Report) issued its quarterly earnings results on Tuesday. The software maker reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.13, FiscalAI reports. Workiva had a negative return on equity of 68.43% and a net margin of 1.53%.The firm had revenue of $255.29 million for the quarter, compared to analysts’ expectations of $251.16 million. Workiva updated its FY 2026 guidance to 3.380-3.390 EPS and its Q3 2026 guidance to 0.790-0.820 EPS.
Workiva Trading Down 0.1%
Shares of WK stock traded down $0.05 during trading hours on Tuesday, hitting $61.15. The company’s stock had a trading volume of 1,002,804 shares, compared to its average volume of 1,006,603. The business has a fifty day moving average of $51.58 and a 200-day moving average of $58.12. Workiva has a twelve month low of $43.34 and a twelve month high of $97.10. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 265.87 and a beta of 0.46.
Analysts Set New Price Targets
WK has been the topic of a number of recent analyst reports. Stephens reaffirmed an “overweight” rating and set a $68.00 price objective on shares of Workiva in a report on Tuesday, May 26th. Stifel Nicolaus decreased their target price on shares of Workiva from $79.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Raymond James Financial reiterated an “outperform” rating and issued a $85.00 price target on shares of Workiva in a report on Wednesday, May 6th. Wall Street Zen upgraded shares of Workiva from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Finally, Zacks Research downgraded shares of Workiva from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $88.50.
Insider Activity
In related news, Director Robert H. Herz sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $49.69, for a total value of $49,690.00. Following the sale, the director owned 34,802 shares of the company’s stock, valued at approximately $1,729,311.38. This represents a 2.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.77% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Workiva
Several hedge funds have recently bought and sold shares of WK. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Workiva in the fourth quarter valued at $26,000. Quarry LP increased its position in Workiva by 396.3% during the 4th quarter. Quarry LP now owns 407 shares of the software maker’s stock worth $35,000 after purchasing an additional 325 shares in the last quarter. Allworth Financial LP raised its stake in Workiva by 82.3% in the 3rd quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock valued at $35,000 after purchasing an additional 186 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Workiva in the 4th quarter valued at about $93,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Workiva by 40.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,797 shares of the software maker’s stock valued at $155,000 after purchasing an additional 521 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.
Workiva Company Profile
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.
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