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Robert H. Herz, a director at Workiva Inc . (NYSE:WK), a $4.93 billion market cap software company with impressive gross profit margins of 77%, has recently sold a portion of his holdings in the company. According to InvestingPro analysis, Workiva’s stock is currently trading near its Fair Value. According to a filing with the Securities and Exchange Commission, Herz sold a total of 2,500 shares of Workiva’s Class A common stock. The sales, executed on March 14, 2025, were made at prices ranging from $88.66 to $88.70 per share, resulting in a total transaction value of $221,690. The company maintains healthy financials with a solid current ratio of 1.77 and strong revenue growth of 17% year-over-year.
Following these transactions, Herz now directly owns 34,084 shares and indirectly, through a trust, 36,809 shares of Workiva. The sales were made in two separate transactions, with 1,000 shares sold directly and 1,500 shares sold indirectly. These transactions reflect Herz’s ongoing management of his investment portfolio in the software company headquartered in Ames, Iowa. For comprehensive insider trading analysis and 8 additional key insights about Workiva, visit InvestingPro.
In other recent news, Workiva reported strong financial results for the fourth quarter of 2024, with revenue reaching $200 million, surpassing the forecasted $195.21 million. The company’s subscription revenue grew by 22%, driven by the acquisition of new clients and expansion of existing accounts. Analysts from Citi responded positively to these results, raising the price target for Workiva shares to $130, while maintaining a Buy rating. Truist Securities also maintained a Buy rating with a $120 price target, citing robust demand for Workiva’s offerings. However, BMO Capital Markets adjusted their price target down to $108, expressing concerns over potential regulatory changes in Europe affecting the company’s business. Despite these concerns, BMO still maintained an Outperform rating, indicating continued confidence in Workiva’s market performance. Stifel analysts also adjusted their price target to $120, maintaining a Buy rating and highlighting Workiva’s strategic positioning to navigate changes in ESG reporting requirements. These developments reflect a complex landscape for Workiva, with strong financial performance balanced against potential regulatory challenges.
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