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AMES, Iowa—Brandon Ziegler, Executive Vice President, Chief Legal Officer, Chief Administrative Officer, and Corporate Secretary at Workiva Inc . (NYSE:WK), a $4.8 billion market cap company with impressive 77% gross profit margins, recently sold a significant portion of his holdings in the company. According to InvestingPro data, Workiva has maintained strong revenue growth of 17% over the last twelve months. According to a filing with the Securities and Exchange Commission, Ziegler sold 4,115 shares of Workiva’s Class A Common Stock on March 7, 2025. The shares were sold at a weighted-average price of $85.72, with the actual sale prices ranging from $85.21 to $86.81. This transaction amounted to a total value of $352,737. InvestingPro’s analysis suggests the stock is currently fairly valued, with additional insights available in the comprehensive Pro Research Report covering 1,400+ top US stocks.
Following the sale, Ziegler retains ownership of 103,509 shares in the company. The transaction was reported under the SEC’s Form 4, which is used to disclose changes in the holdings of company insiders. With a healthy current ratio of 1.77 and moderate debt levels, Workiva maintains a solid financial position according to InvestingPro’s financial health assessment.
In other recent news, Workiva has reported its fourth-quarter 2024 earnings, which surpassed revenue expectations by posting $200 million compared to the forecasted $195.21 million. The company’s subscription revenue grew by 22%, driven by new client acquisitions and the expansion of existing accounts. This robust performance has led Truist Securities to maintain a Buy rating with a $120 price target, citing Workiva’s strong demand across its product offerings. Similarly, Citi has raised its price target to $130, reflecting confidence in Workiva’s growth trajectory and its ability to capitalize on market opportunities.
Despite these positive developments, BMO Capital Markets has adjusted its price target for Workiva to $108, expressing concerns over potential regulatory changes in Europe that could impact future demand. However, BMO maintains an Outperform rating, indicating continued confidence in the company’s market performance. Stifel also reduced its price target to $120 but reaffirmed a Buy rating, noting Workiva’s strategic positioning amid evolving ESG reporting requirements.
Overall, analysts emphasize Workiva’s solid growth outlook, particularly in subscription revenue, which is projected to maintain a 20% growth rate. The company is also focusing on expanding its multi-solution platform and enhancing AI capabilities, contributing to its competitive strength in the market.
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