Workiva CFO Offloads 2931 Shares of Stock in Insider Sale
December 21, 2023
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Workiva Inc ($NYSE:WK). has recently seen an insider sale of 2931 shares of its stock. Workiva Inc. is a cloud-based software company that provides innovative solutions for the management and reporting of complex financial and regulatory data. Workiva’s cloud-based workflow and collaboration platform provides businesses with greater data accuracy, security, and visibility, allowing them to easily create, update, and collaborate on documents in real-time. Workiva ensures compliance with financial regulations such as Sarbanes-Oxley and COSO, as well as with data privacy laws such as GDPR.
The sale of shares has raised eyebrows in the business world, as insiders are not usually allowed to sell their shares without proper disclosure. It is unclear why the CFO decided to offload his shares at this time, but this stock sale will be closely watched by investors and analysts alike.
Stock Price
On Thursday, WORKIVA INC stock opened at $99.4 and closed at $99.1, up by 1.0% from prior closing price of 98.2. 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
As a financial analyst for GoodWhale, I was tasked to analyze WORKIVA INC‘s financials. Our analysis determined that WORKIVA INC should be classified as a ‘cheetah’ according to the Star Chart–a company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors looking to capitalize on the growth potential of this type of company may be interested in WORKIVA INC. Despite its lower profitability, WORKIVA INC has a high health score of 8/10, suggesting that it is capable to sustain future operations in times of crisis due to its strong cashflows and debt. Additionally, WORKIVA INC is strong in growth, medium in asset and weak in dividend, profitability. For these reasons, investors may find WORKIVA INC an attractive investment opportunity. 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
Analysts suggest that insider selling activity can be an indicator of a company’s future performance, as insiders may be selling their shares because they expect the stock’s price to decline. However, investors should also consider other factors such as the company’s financial performance, risk profile, dividend yield, and competitive landscape when assessing Workiva Inc.’s investment potential. One potential risk for investors is the competitive landscape, with the company facing significant competition from the likes of Oracle and Microsoft.
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