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WK $74.15

WK target price
74.15
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Workiva Inc.
Type
Public
Traded as NYSE: WK
Founded 2008
Headquarters Ames, Iowa, United States
Key people
Matthew Rizai, CEO; Marty Vanderploeg, COO; Jeff Trom, CTO
Website www.workiva.com

Workiva is an enterprise software company based in Ames, Iowa. Founded in 2008 as Webfilings, its main product is Wdesk, a cloud-based enterprise management and auditing software-as-a-service platform that enables companies to create and file financial and compliance reports and documents to the SEC and other federal and state regulatory agencies. The Wdesk platform integrates information from disparate content formats, including spreadsheets, presentation documents, emails and other unstructured data, into a single cloud-based report. The company employs approximately 1,200 people with offices in 16 cities in the United States, Canada and Europe.

Workiva was founded as Webfilings in 2008 by three technology entrepreneurs who'd created and run Engineering Animation Inc. (EAI), a 3D computer animation company, also based in Ames—Workiva COO, Martin Vanderploeg, a former engineering professor at Iowa State University (ISU); Jeff Trom, CTO; and Matthew M. Rizai, CEO. They sold EAI to EDS/UGS PLM, and it is now a division of Siemens, the German technology multinational.

WebFilings changed its name to Workiva in June 2014 and went public in December 2014 (NYSE: WK).

Its customers include Amgen, Colgate Palmolive, Chevron and Google. The company has been recognized as an innovator in its field. A May 2016 Gartner Magic Quadrant analysis of the ten leading financial corporate performance management software firms, ranked Workiva in the "Leader" quadrant along with three others: SAP SE, Oracle and BlackLine. In Deloitte's 2015 Technology Fast 500 survey of fastest growing technology companies in America, Workiva ranked fiftieth among all software companies. In February 2017, it won the Business Intelligence Group's BIG Innovation Award.

Workiva first SaaS product was SEC reporting software designed to enable corporations to automate their SEC filings by using a proprietary system of document tags and linking. The platform also enabled companies to file electronically directly with the SEC, using the business mark-up language XBRL (Extensible Business Reporting Language), required by the SEC. A Workiva customer was the first company to file Inline XBRL with the SEC.

The company has since expanded to include other corporate financial and compliance reporting functions, including:

The company is headquartered in Ames, Iowa and has domestic offices in Denver and Boulder, CO; Missoula and Bozeman, MT; Chicago, IL; Columbus, GA; Dallas, TX; Miami, FL; New York, NY; Scottsdale, AZ; Seattle, WA; and international offices in Saskatoon, Saskatchewan, Sault Ste. Marie, Ontario, London, U.K., and Amsterdam, NL.

In 2016, Forbes magazine recognized Workiva as one of the 25 Highest-Rated Public Cloud Computing Companies To Work For. An employee survey conducted by Great Place to Work and Fortune in 2016, Workiva received a 97 percent overall approval rating, and 96 percent ranked the company a "great" place to work. Workiva ranked #4 on Fortune magazine’s 2016 Top 10 Best Large Workplaces in Technology and ranked #6 on Fortune magazine’s Top 50 Best Large Workplaces. Other industry recognition includes:

Executive management team:

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-01 Future report Set alerts
Q2 2022 2022-08-09 -0.17 -0.17
Q1 2022 2022-05-03 -0.05 -0.05
Q4 2021 2022-02-22 0.03 0.03
Q3 2021 2021-11-03 0.17 0.17
Q2 2021 2021-08-03 0.07 0.07
Q1 2021 2021-05-04 0.12 0.12
Q4 2020 2021-02-17 0.09 0.09
Q3 2020 2020-11-04 0.00 0.00
Q2 2020 2020-08-04 -0.06 -0.41

Ratings

2016-06-29 Reiterated Rating Morgan Stanley Overweight
2016-05-05 Reiterated Rating Morgan Stanley Buy
2016-02-29 Lower Price Target Northland Securities Outperform $25.00 to $18.00
2016-02-24 Lower Price Target Robert W. Baird Outperform $19.00 to $15.00
2015-11-16 Boost Price Target Robert W. Baird Outperform $17.00 to $19.00
2015-11-06 Boost Price Target Raymond James Outperform $18.00 to $21.00
2015-11-06 Boost Price Target Northland Securities Outperform $20.00 to $25.00
2015-11-06 Boost Price Target Raymond James Financial Inc. Outperform $18.00 to $21.00
2015-08-06 Reiterated Rating Northland Securities Outperform $18.00 to $20.00
2015-07-15 Initiated Coverage Northland Securities Outperform $18.00
2015-01-06 Initiated Coverage Raymond James Outperform $17.50
2015-01-06 Initiated Coverage Morgan Stanley Overweight to Overweight $20.00
2015-01-06 Initiated Coverage Stifel Nicolaus Buy $20.00
2015-01-06 Initiated Coverage Robert W. Baird Outperform to Outperform $17.00
2015-01-05 Initiated Coverage Credit Suisse Outperform $18.00
2015-01-05 Initiated Coverage Credit Suisse Group AG Outperform $18.00
2016-06-29 Reiterated Rating Morgan Stanley Overweight
2016-05-05 Reiterated Rating Morgan Stanley Buy
2016-02-29 Lower Price Target Northland Securities Outperform $25.00 to $18.00
2016-02-24 Lower Price Target Robert W. Baird Outperform $19.00 to $15.00
2015-11-16 Boost Price Target Robert W. Baird Outperform $17.00 to $19.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks