Workiva Inc Intrinsic Value Calculator – BlackRock Cuts Stake in Workiva Inc, Now Owns 3.47MM Shares.
February 3, 2023
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Workiva Inc Intrinsic Value Calculator – BlackRock, a major financial services firm, has recently cut its stake in Workiva Inc ($NYSE:WK)., a cloud-based software company. According to Fintel, BlackRock has filed an SEC 13G/A form showing that it now owns 3.47MM shares of Workiva Inc. Workiva Inc. is a publicly traded company that provides cloud-based software and services to help businesses manage their data and report to the government and investors. Workiva Inc.’s platform, Wdesk, allows users to collaborate on documents and spreadsheets, as well as collect, manage, and analyze data.
The market responded positively to the news of BlackRock’s reduced stake in Workiva Inc., with the stock price rising nearly 4% after the news was announced. With the company’s recent financial performance, as well as its innovative cloud-based platform, it is no surprise that Blackrock has decided to reduce its ownership in the company.
Price History
On Wednesday, news broke that BlackRock has cut its stake in Workiva Inc, now owning 3.47MM shares. The news received mostly negative coverage so far, but the stock opened at $87.5 and closed at $92.8, rising 7.2% from the prior closing price of 86.5. This increase comes despite the news of Blackrock’s stake reduction, which suggests that investors remain confident in the company’s future prospects. Workiva Inc is a cloud-based software company that develops tools for enterprise data management and compliance. It offers a range of services including enterprise resource planning (ERP) and analytics, as well as a suite of tools for data security and regulatory compliance. The company has seen strong growth over the past few years and is now a leader in its field.
The news of Blackrock’s stake reduction hasn’t had any long-term effect on Workiva Inc’s stock price. This could be a sign that investors are confident in the company’s future prospects, even with the news of Blackrock’s reduced stake. It could also be a sign that investors believe that the company will continue to show strong growth in the future. Whatever the reason, investors appear to be bullish on Workiva Inc’s future performance and outlook. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Workiva Inc. More…
| Total Revenues | Net Income | Net Margin |
| 514.86 | -91.37 | -8.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Workiva Inc. More…
| Operations | Investing | Financing |
| 21.87 | -82.98 | 3.77 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Workiva Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 776.64 | 782.13 | -0.1 |
Key Ratios Snapshot
Some of the financial key ratios for Workiva Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.2% | – | -5.7% |
| FCF Margin | ROE | ROA |
| 3.6% | -4390.0% | -6.7% |
Analysis – Workiva Inc Intrinsic Value Calculator
GoodWhale has conducted an analysis on WORKIVA INC and found that the fair value of its stock is around $101.7. This value was calculated using GoodWhale’s proprietary Valuation Line. This implies that investors could potentially benefit from buying the stock at this price point as they could reap returns when the stock price rises to its fair value. Investors should also take into account other factors when deciding whether to buy WORKIVA INC stocks. These factors include the company’s cash flow, revenue, profits, competition, and other macroeconomic factors. Furthermore, investors should also consider the company’s liquidity, debt levels, management, and any other factors that could affect the stock price. Overall, GoodWhale has found that WORKIVA INC stocks are undervalued by 8.7% and suggest that investors should consider buying the stock at its current price point. While there are other factors that should be taken into account before investing in a company, our analysis suggests that buying WORKIVA INC stocks now could be a profitable move for investors. More…
Peers
In the business world, there is always competition. Workiva Inc is no exception. Its main competitors are Tintri Inc, SentinelOne Inc, and 9 Spokes International Ltd. All of these companies are vying for the same thing: market share. Workiva Inc has to be constantly innovating and marketing its products in order to stay ahead of the competition.
– Tintri Inc ($OTCPK:TNTRQ)
Tintri Inc is a data storage company that provides software-defined storage solutions for virtualized and cloud environments. The company has a market cap of 675.02k and a ROE of 116.12%. Tintri’s products are designed to simplify storage management and enable customers to maximize the performance of their virtualized applications.
– SentinelOne Inc ($NYSE:S)
SentinelOne is a cybersecurity company that provides endpoint protection solutions. The company has a market cap of $6.36 billion and a return on equity of -12.5%. SentinelOne’s solutions are designed to protect organizations from malware, ransomware, and other cybersecurity threats. The company’s endpoint protection platform uses artificial intelligence and machine learning to detect and block threats in real time.
– 9 Spokes International Ltd ($ASX:9SP)
Spokes International Ltd is a publicly traded company with a market capitalization of 7.47 million as of 2022. The company has a negative return on equity of 72.86%. Spokes International Ltd is involved in the design, manufacture, and distribution of bicycles and bicycle parts and accessories. The company sells its products under the Spokes brand name. Spokes International Ltd is headquartered in Hong Kong.
Summary
Investing in Workiva Inc is a risky but potentially rewarding decision. Despite recent news coverage of BlackRock cutting its stake in the company, the stock price has moved up on the same day. It may be a sign of investor confidence in the company’s potential, but potential investors should do their research and evaluate the company carefully before investing. There are a number of factors to consider, such as the company’s financial performance, competitive environment, and industry trends.
Additionally, investors should also take into account any changes in management and the potential risks associated with the company. With a careful analysis of these factors, investing in Workiva Inc could be a profitable decision.
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