Allspring Global Investments Holdings LLC Sells Shares of Workiva
November 7, 2023
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Allspring Global Investments Holdings LLC recently announced their decision to sell their shares of Workiva Inc ($NYSE:WK) (NYSE:WK). Workiva Inc is a publicly traded software company based in Ames, Iowa. Their platform provides cloud-based solutions for organizations to manage financial performance, compliance, and other reporting needs.
Workiva has become a leader in their field, offering customers an integrated suite of software solutions that help them streamline their operations and foster collaboration among teams. With its comprehensive suite of solutions, Workiva has become a go-to choice for many organizations looking for an all-in-one solution for their reporting needs.
Share Price
The stock opened at $89.7 and closed at $88.7, down by 1.1% from the prior closing price of 89.7. Despite the recent dip in its stock price, WORKIVA Inc is well-positioned to continue its growth trajectory and maintain its competitive edge in the enterprise collaboration sector. 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 |
| 607.19 | -137.23 | -22.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Workiva Inc. More…
| Operations | Investing | Financing |
| 45.27 | -170.81 | 298.84 |
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 |
| 1.15k | 1.26k | -2.1 |
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 |
| 21.6% | – | -13.5% |
| FCF Margin | ROE | ROA |
| 6.9% | 90.5% | -4.5% |
Analysis
At GoodWhale, we conducted an analysis of the fundamentals of WORKIVA INC. Using our Star Chart system to measure the overall health of the company, we scored WORKIVA INC an 8 out of 10, indicating that the company is a viable investment and capable of safely riding out any crisis without the risk of bankruptcy. WORKIVA INC proved to be strong in growth and medium in asset; however, its dividend and profitability were rated weak. Based on these findings, we classified WORKIVA INC as a ‘cheetah’ company, meaning it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors interested in such companies may look for value and potential for growth in these types of investments. While risks are greater than with more stable investments, cheetah companies may also offer greater rewards under the right conditions. 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
Workiva Inc. (NYSE: WK) is a software company that provides cloud-based productivity solutions to businesses and organizations. An analysis by Allspring Global Investments Holdings LLC shows a recent decrease in the amount of shares of Workiva Inc. on the market, leading to a decrease in market capitalization.
Despite these signs of potential trouble, Workiva Inc. still has a healthy balance sheet and continues to be profitable. Its stock price is currently trading at a discount to its peers, providing investors an attractive entry point for long-term investments.
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