Workiva (NYSE:WK) Issues Quarterly Earnings Results

Workiva (NYSE:WK) issued its quarterly earnings results on Tuesday. The software maker reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.08), reports. The business had revenue of $73.48 million for the quarter, compared to analysts’ expectations of $68.96 million. During the same quarter in the prior year, the firm earned ($0.12) EPS. The company’s revenue was up 24.3% on a year-over-year basis.

Shares of WK traded down $0.80 during midday trading on Tuesday, reaching $55.21. The stock had a trading volume of 367,600 shares, compared to its average volume of 327,484. The company’s 50 day simple moving average is $58.37. Workiva has a one year low of $25.30 and a one year high of $61.76. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of -59.37 and a beta of 0.96. The company has a debt-to-equity ratio of 9.78, a quick ratio of 0.98 and a current ratio of 0.98.

Several equities research analysts have issued reports on the stock. SunTrust Banks lifted their price target on shares of Workiva to $58.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Zacks Investment Research upgraded shares of Workiva from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research note on Friday, July 5th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. Workiva presently has an average rating of “Buy” and a consensus target price of $45.67.

In other news, VP Jeff D. Trom sold 20,000 shares of Workiva stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $57.70, for a total value of $1,154,000.00. Following the completion of the transaction, the vice president now owns 355,075 shares of the company’s stock, valued at approximately $20,487,827.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Martin J. Vanderploeg sold 25,000 shares of Workiva stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $54.60, for a total transaction of $1,365,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 201,585 shares of company stock valued at $11,197,355. Insiders own 18.46% of the company’s stock.

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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Earnings History for Workiva (NYSE:WK)

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