Insider Selling: Workiva Inc (WK) CEO Sells 25,000 Shares of Stock
Workiva Inc (NYSE:WK) CEO Martin J. Vanderploeg sold 25,000 shares of the stock in a transaction on Monday, November 12th. The stock was sold at an average price of $35.82, for a total value of $895,500.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
WK traded down $1.43 during midday trading on Friday, reaching $34.26. 124,098 shares of the company were exchanged, compared to its average volume of 176,108. Workiva Inc has a one year low of $20.50 and a one year high of $40.84. The stock has a market cap of $1.56 billion, a P/E ratio of -32.02 and a beta of 1.06.
Workiva (NYSE:WK) last issued its earnings results on Wednesday, November 7th. The software maker reported ($0.25) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.36) by $0.11. The company had revenue of $60.87 million for the quarter, compared to the consensus estimate of $59.84 million. During the same quarter last year, the business posted ($0.23) EPS. Workiva’s quarterly revenue was up 16.8% on a year-over-year basis. Equities analysts expect that Workiva Inc will post -1.03 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Alliancebernstein L.P. raised its position in shares of Workiva by 5.6% during the third quarter. Alliancebernstein L.P. now owns 28,400 shares of the software maker’s stock worth $1,122,000 after purchasing an additional 1,500 shares during the period. Swiss National Bank raised its position in shares of Workiva by 4.7% during the third quarter. Swiss National Bank now owns 42,621 shares of the software maker’s stock worth $1,684,000 after purchasing an additional 1,900 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Workiva by 3.1% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 69,520 shares of the software maker’s stock worth $2,746,000 after purchasing an additional 2,110 shares during the period. Wells Fargo & Company MN raised its position in shares of Workiva by 8.4% during the third quarter. Wells Fargo & Company MN now owns 46,948 shares of the software maker’s stock worth $1,855,000 after purchasing an additional 3,654 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of Workiva by 114.3% during the first quarter. Russell Investments Group Ltd. now owns 7,500 shares of the software maker’s stock worth $178,000 after purchasing an additional 4,000 shares during the period. Hedge funds and other institutional investors own 46.05% of the company’s stock.
Workiva Company Profile
Workiva Inc provides cloud solutions for the finance and accounting, audit and internal controls, risk and compliance, and performance and management reporting markets in the United States and internationally. The company provides Wdesk, a platform with proprietary word processing, spreadsheet, and presentation applications to collect, link, report, and analyze the business data, as well as to create, review, and publish data-linked documents and reports.
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