Workiva Increases Stake with Purchase of 309 Shares
January 15, 2023
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Workiva Inc ($NYSE:WK). is a revolutionary cloud-based software company that provides an all-in-one solution for businesses to collect, store, organize, and report on data. As the company continues to grow, Workiva Inc. recently announced the purchase of 309 shares of its own stock. This move comes as part of Workiva’s plan to increase its own stake in the company. This purchase marks yet another milestone in the company’s steady growth and progress over the past decade. This move speaks volumes about the confidence that Workiva Inc. has in its own future growth and success.
The purchase of 309 shares is just one of the many steps that Workiva Inc. has taken to strengthen and expand its presence in the business world. The company has also been a leader in developing innovative technology solutions that help organizations streamline their data management processes. These solutions have helped countless businesses save time and money while improving accuracy and compliance. This move further cements Workiva Inc.’s position as a leader in modern cloud-based software solutions and shows that they are willing to invest in themselves to ensure their continued success.
Share Price
Friday was a positive day for Workiva Inc. with the company increasing its stake by purchasing 309 shares on the market. The news sentiment for the purchase is mostly positive so far, which is reflected in the stock prices. On Friday, the stock opened at $87.8 and closed at $89.6, up by 0.2% from its prior closing price of 89.4. It is also a sign that the company has confidence in its growth prospects and is willing to invest in its own stock. Analysts are optimistic about the implications of this purchase for Workiva Inc., as it could signal a shift in the overall sentiment of the company’s stock.
The purchase also shows that the company is taking a proactive approach to its stock, which could be a sign of good things to come. It is likely to have a positive impact on the company’s stock prices in the coming weeks and months, as investors take note of the move. Analysts are optimistic that this move could be a sign of good things to come for Workiva Inc. in the near future. 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 an essential part of understanding the long-term potential of a company. By using VI app, it is possible to get a quick and simple overview of WORKIVA INC. The VI Star Chart has given WORKIVA INC an intermediate health score of 6/10, indicating that the company may be able to ride out any crisis without the risk of bankruptcy. It is classified as a “cheetah”, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. When it comes to investors, those who are interested in WORKIVA INC are those who are looking for growth opportunities. It is strong in the areas of growth and medium in the area of assets, meaning it could be a good fit for those looking to invest in a company that has potential for growth. On the other hand, it is weak in terms of dividend and profitability, so investors should be aware of this if they are considering investing in WORKIVA INC. Overall, WORKIVA INC has an intermediate health score and is classified as a “cheetah” company. Those who are interested in investing in this company should be aware of its strengths and weaknesses when it comes to growth, assets, dividends, and profitability. By doing their research, investors can make an informed decision about whether or not WORKIVA INC is the right fit for their portfolio. 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 one of the leading cloud-based platforms for enterprise productivity and compliance solutions. It has recently increased its stake with the purchase of 309 shares, indicating a bullish sentiment in the market. Overall, WORKIVA Inc. appears to be an attractive stock for investors looking for long-term growth.
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