Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Workiva Inc shares valued at $231,168 were purchased by RIZAI MATTHEW M on Dec 18 ’24. At $115.58 per share, RIZAI MATTHEW M acquired 2,000 shares.
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Also, RADIA SUKU V. sold 25,678 shares, netting a total of over 2,439,410 in proceeds. Following the sale of shares at $95.00 each, the insider now holds 28,154 shares.
Before that, Herz Robert H had sold 4,800 shares from its account. In a trade valued at $454,896, the Director traded Workiva Inc shares for $94.77 each. Upon closing the transaction, the insider’s holdings decreased to 4,800 shares, worth approximately $4.22 million.
As published in a research note from Stifel on December 18, 2024, Workiva Inc [WK] has been rated up from a Hold to a Buy and the price target has been revised to $130 from $102. Analysts at BMO Capital Markets resumed the stock at ‘”an Outperform”‘ outlook in a report released in early November. As of August 28, 2023, Wolfe Research has initiated its “an Outperform” rating for WK. Earlier on October 21, 2022, Goldman initiated its rating. Their recommendation was “a Buy” for WK stock.
Analyzing WK Stock Performance
During the last five days, there has been a surge of approximately 5.21%. Over the course of the year, Workiva Inc shares have jumped approximately 8.45%. Shares of the company reached a 52-week high of $116.83 on 12/18/24 and a 52-week low of $65.47 on 08/02/24. A 50-day SMA is recorded $90.79, while a 200-day SMA reached $81.01. Nevertheless, trading volume fell to 1.13 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for Workiva Inc (WK)
According to the 24-hour chart, there is a support level at 107.58, which, if violated, would cause prices to drop to 105.04. In the upper region, resistance lies at 114.74. The next price resistance is at 119.36. RSI (Relative Strength Index) is 81.01 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.30, which suggests the price will increase in the coming days. Percent R is at 32.83%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
