Strs Ohio Cuts Stake in Workiva (NYSE:WK) by 5.9%
January 29, 2023
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Workiva Inc ($NYSE:WK). (NYSE:WK) is a provider of cloud-based enterprise productivity solutions that help organizations manage their financial reporting, compliance and data management processes. Strs Ohio is an Ohio-based public pension fund which manages the retirement benefits of its members. Its solutions are used by companies to streamline their financial and compliance reporting processes, as well as to manage data more efficiently. The sale of Strs Ohio’s shares in Workiva Inc. is a sign that the pension fund is reducing its exposure to this particular stock.
While it is not clear what motivated Strs Ohio to cut its stake in Workiva Inc., it could be seen as a sign that the pension fund is diversifying its investments or is looking for other opportunities with higher potential returns. It is also possible that Strs Ohio is reducing its exposure to Workiva Inc. because of concerns about the long-term performance of the company. Whatever Strs Ohio’s reasons may be for reducing its stake in Workiva Inc., the fact remains that the pension fund has cut its exposure to this particular stock by 5.9%. This could create an opportunity for other investors to take advantage of this situation and purchase shares at a lower price than what Strs Ohio paid for them.
Share Price
On Monday, news of Strs Ohio cutting its stake in Workiva Inc. (NYSE:WK) by 5.9% sent shockwaves through the markets. Right now, news coverage of the company is mostly positive, with the stock opening at $87.9 and closing at $92.6 on Monday, a rise of 5.3% from its prior closing price of $87.9. The news has had a positive effect on share prices, as investors see this move as a sign that Strs Ohio believes in the long-term prospects of the company. As a result, many investors are now feeling more confident about investing in Workiva Inc., and this is reflected in the share price increase.
The development also suggests that Workiva Inc. is successfully executing its strategy of providing innovative cloud-based solutions to its customers, enabling them to make better decisions and gain greater efficiency in their operations. This strategy has already proven to be successful, as evidenced by the company’s strong financial performance over the past year. Overall, it appears that investors are happy with the news and are optimistic about the future of Workiva Inc., which is likely to continue to perform well over the coming months and years. 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% |
VI Analysis
Company fundamentals are essential in assessing a company’s long-term potential. The VI app simplifies the process of analyzing a company’s fundamentals, such as WORKIVA INC. The VI Star Chart classifies WORKIVA INC as a ‘Cheetah’. This type of company is characterized by high revenue or earnings growth, but also has lower profitability and is considered less stable. Investors looking for growth opportunities may find WORKIVA INC attractive. Although the company has a moderate health score of 6/10 considering its cashflows and debt, it is likely to sustain future operations in times of crisis. WORKIVA INC is strong in growth, with medium assets and weak in dividend and profitability. Investors interested in taking advantage of the company’s growth potential may find this an attractive option. Understanding the company’s fundamentals can help investors make informed investment decisions. More…
VI 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 an enterprise software company that recently saw its stake reduced by 5.9% by Strs Ohio. Despite the reduction, the stock price rose the same day, which could mean that investors are generally positive about the company’s prospects. Analysts believe that Workiva has a strong competitive edge in the software industry due to its innovative technology and experienced management team.
The company has also seen strong growth in recent quarters and is likely to continue such growth in the future. With its history of success and potential for future growth, investing in Workiva Inc. could be a wise decision for investors.
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