Workiva Inc (WK) is Reiterated by Stifel to Buy, Raises Price Target to $ 22

Workiva Inc (WK) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 22 from a previous price target of $20 . Stifel advised their investors in a research report released on Sep 8, 2016.

On the company’s financial health, Workiva Inc reported $-0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.34. The company had revenue of $43.00 million for the quarter, compared to analysts expectations of $42.07 million. The company’s revenue was up 26.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.21 EPS.

Workiva Inc opened for trading at $17.98 and hit $18.68 on the upside on Wednesday, eventually ending the session at $18.35, with a gain of 1.72% or 0.31 points. The heightened volatility saw the trading volume jump to 615,650 shares. Company has a market cap of $753 M.

In a different news, on Jul 18, 2016, Joseph H. Howell (Executive VP) sold 1,508 shares at $14.02 per share price. According to the SEC, on Mar 18, 2015, Eugene S Katz (director) purchased 200 shares at $13.25 per share price.

Workiva Inc. is a data company. The Company created Wdesk a cloud-based platform for enterprises to collect manage report and analyze business data in real time. Wdesk word processing spreadsheet and presentation applications are integrated and built upon the Workiva data management engine. Wdesk allows users to define automate and change their business processes in real time for what they need when they need it with little or no involvement from information technology personnel. Its proprietary data engine which includes live-linking technology enables users to automatically propagate any changes to data including numbers text charts and graphics across every instance in which that data appears in the Wdesk workspace. Live-linking technology allows customers to use trusted data to more accurately produce and update business reports. Wdesk provides accountability and transparency through a detailed audit trail that tracks every change made by any user over time.

Workiva Inc

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