Workiva Inc (NYSE:WK) Short Interest Up 5.9% in June

Workiva Inc (NYSE:WK) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 1,388,400 shares, an increase of 5.9% from the May 30th total of 1,310,500 shares. Based on an average daily volume of 362,500 shares, the days-to-cover ratio is currently 3.8 days. Approximately 4.8% of the company’s stock are sold short.

NYSE:WK opened at $58.73 on Wednesday. Workiva has a 1 year low of $24.75 and a 1 year high of $61.76. The firm has a fifty day moving average price of $56.90. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 9.78. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of -63.15 and a beta of 0.97.

Workiva (NYSE:WK) last posted its earnings results on Wednesday, May 1st. The software maker reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The firm had revenue of $69.96 million during the quarter, compared to analyst estimates of $69.11 million. During the same quarter in the previous year, the business posted ($0.09) earnings per share. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. Equities analysts anticipate that Workiva will post -1.1 EPS for the current fiscal year.

In other news, CEO Martin J. Vanderploeg sold 25,000 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $54.60, for a total transaction of $1,365,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Jeff D. Trom sold 20,000 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $49.75, for a total transaction of $995,000.00. Following the transaction, the vice president now owns 274,998 shares in the company, valued at approximately $13,681,150.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 201,585 shares of company stock worth $11,038,355. 18.46% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Federated Investors Inc. PA grew its stake in Workiva by 2.5% in the 1st quarter. Federated Investors Inc. PA now owns 330,375 shares of the software maker’s stock valued at $16,750,000 after buying an additional 8,155 shares during the last quarter. Geode Capital Management LLC grew its stake in Workiva by 5.8% in the 4th quarter. Geode Capital Management LLC now owns 308,075 shares of the software maker’s stock valued at $11,056,000 after buying an additional 16,882 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Workiva by 36.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 281,597 shares of the software maker’s stock valued at $14,277,000 after buying an additional 75,790 shares during the last quarter. Redwood Investments LLC acquired a new position in Workiva in the 1st quarter valued at $12,024,000. Finally, American Century Companies Inc. grew its position in Workiva by 31.2% in the 4th quarter. American Century Companies Inc. now owns 228,108 shares of the software maker’s stock worth $8,187,000 after purchasing an additional 54,310 shares during the last quarter. Institutional investors and hedge funds own 51.48% of the company’s stock.

A number of research firms recently issued reports on WK. Zacks Investment Research upgraded shares of SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Friday, July 5th. SunTrust Banks raised their target price on shares of Markel to $1,100.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $45.67.

Workiva Company Profile

Workiva Inc provides cloud-based solutions for connected data, reporting, and compliance worldwide. The company offers Wdesk, a platform that provides data collection and linking, data integrations, controlled collaboration, granular permissions, process management, and full audit trail services; and Wdata, which includes data preparation tools, data connectors, and application programming interfaces that enable customers to create direct connections to their data.

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