China smartphone shipments slumped in June on inventory overhang: Jefferies
In a recent transaction filed with the Securities and Exchange Commission, Michael D. Hawkins (NASDAQ:HWKN), Executive Vice President of Sales at Workiva Inc . (NYSE:WK), sold 10,421 shares of the company’s Class A common stock. The shares were sold at a weighted-average price of $85.43, with the actual prices ranging from $85.07 to $85.95. This transaction totaled approximately $890,266. Following the sale, Hawkins retains ownership of 61,298 shares in the company. InvestingPro data shows the stock trading near its Fair Value, with analysts projecting profitability this year despite current losses. For deeper insights into insider trading patterns and 8 additional ProTips, explore Workiva’s comprehensive Pro Research Report, available with an InvestingPro subscription.
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 achieved a 22% growth in subscription revenue, driven by new client acquisitions and the expansion of existing accounts. Workiva’s robust performance was further highlighted by a notable increase in deal sizes and a 20% year-over-year growth in subscription revenue projected for 2025. Analysts from Citi responded positively to these results, raising their price target to $130, while maintaining a Buy rating. Similarly, Truist Securities reiterated a Buy rating with a $120 price target, acknowledging Workiva’s strong fourth-quarter performance and the growing demand for its sustainability solutions. However, BMO Capital Markets adjusted their price target downward to $108, citing potential regulatory challenges in Europe as a concern. Despite this, they maintained an Outperform rating, reflecting confidence in Workiva’s market position and strategic direction. Stifel also maintained a Buy rating, noting Workiva’s positive outlook for 2026 and its strategic advantage in the ESG reporting landscape. These developments underscore Workiva’s strong market presence and its ability to navigate evolving regulatory environments.
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