Optimistic Buy Rating on Workiva Driven by ESG Potential and Strategic Adjustments
TipRanks (Mon, 16-Dec 4:15 PM ET)
Workiva Inc. to Participate in Upcoming Investor Conference
Business Wire (Mon, 2-Dec 4:15 PM ET)
Deloitte Announces New Workiva ESG Accelerators to Help Streamline CSRD Compliance
PRNewswire (Wed, 20-Nov 9:27 AM ET)
Workiva Inc. Announces Third Quarter 2024 Financial Results
Business Wire (Wed, 6-Nov 4:15 PM ET)
Workiva Inc. Sets Date for Third Quarter 2024 Financial Release and Conference Call
Business Wire (Wed, 9-Oct 4:15 PM ET)
Workiva Inc is a cloud-native platform that simplifies the complexities of reporting and compliance. Workiva platform empowers customers by connecting and transforming data from hundreds of enterprise resource planning (ERP), human capital management (HCM), and customer relationship management (CRM) systems, as well as other third-party cloud and on-premise applications. Customers use the platform to create, review and publish data-linked documents and reports with greater control, consistency, accuracy, and productivity and it is also used for SEC Filings. It provides to more than 6,000 organizations across the globe with SaaS platform solutions to help solve some of the most complex reporting and disclosure challenges.
Workiva Class A trades on the NYSE stock market under the symbol WK.
As of December 16, 2024, WK stock price climbed to $105.42 with 503,197 million shares trading.
WK has a beta of 1.47, meaning it tends to be more sensitive to market movements. WK has a correlation of 0.35 to the broad based SPY ETF.
WK has a market cap of $5.84 billion. This is considered a Mid Cap stock.
Last quarter Workiva Class A reported $186 million in Revenue and $.21 earnings per share. This beat revenue expectation by $3 million and missed earnings estimates by -$.02.
In the last 3 years, WK traded as high as $137.20 and as low as $59.43.
The top ETF exchange traded funds that WK belongs to (by Net Assets): IWM, VTI, VB, VGT, SKYY.
WK has underperformed the market in the last year with a return of +7.4%, while SPY returned +30.5%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in WK shares. However, WK has outperformed the market in the last 3 month and 2 week periods, returning +41.1% and +8.4%, while SPY returned +8.3% and +0.7%, respectively. This indicates WK has been having a stronger performance recently.
WK support price is $102.22 and resistance is $105.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WK shares will trade within this expected range on the day.