Workiva (NYSE:WK) Hits New 1-Year Low – What’s Next?

Workiva Inc. (NYSE:WK) reached a new 52-week low on Thursday . The company traded as low as $51.51 and last traded at $52.10, with a volume of 130549 shares changing hands. The stock had previously closed at $56.02.

Analysts Set New Price Targets

A number of research firms have weighed in on WK. The Goldman Sachs Group reaffirmed a “buy” rating and set a $102.00 price objective on shares of Workiva in a report on Friday, February 20th. Stifel Nicolaus decreased their price objective on Workiva from $98.00 to $79.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Stephens set a $90.00 price objective on Workiva in a report on Friday, February 20th. Truist Financial reaffirmed a “buy” rating and set a $90.00 price objective (down from $110.00) on shares of Workiva in a report on Friday, February 20th. Finally, Robert W. Baird decreased their price objective on Workiva from $115.00 to $86.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Workiva presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

Workiva Trading Down 5.7%

The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of -109.81 and a beta of 0.68. The firm has a fifty day moving average price of $59.68 and a 200 day moving average price of $76.86.

Workiva (NYSE:WK) last announced its earnings results on Thursday, February 19th. The software maker reported $0.78 EPS for the quarter, topping the consensus estimate of $0.68 by $0.10. The business had revenue of $238.94 million during the quarter, compared to analyst estimates of $235.13 million. The firm’s revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 earnings per share. Workiva has set its FY 2026 guidance at 2.660-2.760 EPS and its Q1 2026 guidance at 0.640-0.670 EPS. As a group, equities analysts predict that Workiva Inc. will post 0.53 EPS for the current fiscal year.

Workiva declared that its Board of Directors has approved a stock repurchase program on Monday, February 16th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the software maker to repurchase up to 7.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Private Wealth Asset Management LLC raised its position in Workiva by 1,731.7% in the 3rd quarter. Private Wealth Asset Management LLC now owns 75,100 shares of the software maker’s stock worth $6,465,000 after purchasing an additional 71,000 shares during the last quarter. Irenic Capital Management LP bought a new position in Workiva in the 3rd quarter worth approximately $42,783,000. Nordea Investment Management AB raised its position in Workiva by 50.7% in the 3rd quarter. Nordea Investment Management AB now owns 1,368,401 shares of the software maker’s stock worth $115,589,000 after purchasing an additional 460,540 shares during the last quarter. Impax Asset Management Group plc raised its position in Workiva by 19.8% in the 3rd quarter. Impax Asset Management Group plc now owns 136,086 shares of the software maker’s stock worth $11,714,000 after purchasing an additional 22,500 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Workiva by 14,955.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 740,102 shares of the software maker’s stock worth $63,834,000 after purchasing an additional 735,186 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

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.