China smartphone shipments slumped in June on inventory overhang: Jefferies
Jill Klindt, the Executive Vice President, Chief Financial Officer, and Treasurer of Workiva Inc . (NYSE:WK), recently sold 5,593 shares of the company’s Class A common stock. The shares were sold at a price of $85.04 each, amounting to a total transaction value of $475,628. Following this sale, Klindt holds 119,054 shares in the company. The $4.8 billion market cap company has shown strong performance with 17.2% revenue growth and impressive gross margins of 76.7% in the last twelve months. According to InvestingPro analysis, the stock is currently trading near its Fair Value.
In addition to the sale, Klindt maintains an employee stock option to purchase an additional 25,000 shares of Class A common stock, granted under the 2014 Equity Incentive Plan. These options have an exercise price of $18.60 and are set to expire in 2027. While the company isn’t currently profitable, InvestingPro data shows analysts expect profitability this year. Discover 8 more exclusive insights and detailed financial analysis in the Pro Research Report.
In other recent news, Workiva reported its fourth-quarter 2024 earnings, with revenue exceeding expectations at $200 million, surpassing the forecasted $195.21 million. This performance was driven by a 22% growth in subscription revenue, largely due to new client acquisitions and expansion of existing accounts. Analysts from Truist Securities maintained a Buy rating and a $120 price target, citing the company’s robust fourth-quarter performance and ongoing demand for its sustainability solutions. Similarly, Citi raised its price target for Workiva to $130, highlighting the company’s strong deal momentum and guidance for a 20% subscription revenue growth in 2025. Conversely, BMO Capital Markets lowered its price target to $108, expressing concerns over potential regulatory impacts from sustainability reporting mandates in Europe. Stifel analysts also adjusted their price target to $120, maintaining a Buy rating and noting Workiva’s strategic positioning amid evolving ESG reporting standards. Despite these varied analyst perspectives, Workiva remains focused on expanding its multi-solution platform and enhancing its AI capabilities, with management projecting continued growth and innovation in the coming year.
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