Somewhat Positive Press Coverage Somewhat Unlikely to Affect Workiva (WK) Stock Price
Headlines about Workiva (NYSE:WK) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Workiva earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 46.2091284608445 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
A number of equities analysts have issued reports on WK shares. Stifel Nicolaus boosted their price objective on shares of Workiva from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. SunTrust Banks restated a “buy” rating and issued a $24.00 price objective on shares of Workiva in a research report on Friday, November 3rd. Northland Securities restated a “buy” rating and issued a $23.00 price objective on shares of Workiva in a research report on Sunday, October 29th. Zacks Investment Research upgraded shares of Workiva from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Thursday, October 5th. Finally, TheStreet upgraded shares of Workiva from a “d” rating to a “c-” rating in a research report on Wednesday, December 13th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Workiva has a consensus rating of “Hold” and a consensus price target of $22.14.
Shares of Workiva (NYSE:WK) remained flat at $$22.20 during midday trading on Monday. 110,726 shares of the stock traded hands, compared to its average volume of 124,228. Workiva has a one year low of $12.15 and a one year high of $23.70. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of -1.29. The company has a market cap of $928.55, a PE ratio of -24.40 and a beta of 0.63.
In related news, major shareholder Jerome M. Behar sold 2,442 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $23.40, for a total transaction of $57,142.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Jerome M. Behar sold 46,000 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $22.15, for a total transaction of $1,018,900.00. The disclosure for this sale can be found here. 33.29% of the stock is owned by insiders.
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Workiva Inc provides enterprises with cloud solutions for improving productivity, accountability and insight into business data. The Company created Wdesk, a collaborative work management platform for organizations to collect, link, report and analyze their business data. Wdesk’s word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail.
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