OneDigital Investment Advisors LLC Trims Stock Holdings in Workiva Inc. (NYSE:WK)

OneDigital Investment Advisors LLC reduced its holdings in shares of Workiva Inc. (NYSE:WK) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,009 shares of the software maker’s stock after selling 1,098 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Workiva were worth $4,271,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of WK. Twin Tree Management LP bought a new stake in shares of Workiva during the fourth quarter valued at about $25,000. GeoWealth Management LLC lifted its stake in Workiva by 3,010.0% in the 4th quarter. GeoWealth Management LLC now owns 622 shares of the software maker’s stock worth $68,000 after purchasing an additional 602 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Workiva by 14,650.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 885 shares of the software maker’s stock valued at $97,000 after purchasing an additional 879 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Workiva by 8.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker’s stock valued at $159,000 after purchasing an additional 116 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Workiva during the 3rd quarter valued at $168,000. 92.21% of the stock is owned by institutional investors.

Workiva Stock Performance

Shares of Workiva stock opened at $68.75 on Wednesday. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of -74.73 and a beta of 1.02. The company has a fifty day moving average of $79.68 and a 200-day moving average of $91.05. Workiva Inc. has a 52-week low of $60.50 and a 52-week high of $116.83.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WK. Truist Financial dropped their price objective on Workiva from $120.00 to $95.00 and set a “buy” rating for the company in a research note on Monday, April 7th. Stifel Nicolaus dropped their price target on Workiva from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Raymond James upgraded shares of Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price objective on the stock in a research report on Friday, January 3rd. The Goldman Sachs Group dropped their target price on shares of Workiva from $118.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Finally, Stephens began coverage on shares of Workiva in a report on Wednesday, March 19th. They issued an “overweight” rating and a $111.00 price target on the stock. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $112.90.

Insider Buying and Selling at Workiva

In other Workiva news, CAO Brandon Ziegler sold 4,115 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $85.72, for a total transaction of $352,737.80. Following the completion of the sale, the chief accounting officer now owns 103,509 shares of the company’s stock, valued at $8,872,791.48. This represents a 3.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert H. Herz sold 1,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $88.70, for a total transaction of $88,700.00. Following the completion of the sale, the director now directly owns 34,084 shares in the company, valued at approximately $3,023,250.80. This trade represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,129 shares of company stock worth $1,807,333 over the last three months. Company insiders own 3.86% of the company’s stock.

About Workiva

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.