Trutina Financial Lowers stake in Workiva Inc (WK)

Workiva Inc (WK) : Trutina Financial reduced its stake in Workiva Inc by 3.14% during the most recent quarter end. The investment management company now holds a total of 138,161 shares of Workiva Inc which is valued at $1,920,438 after selling 4,480 shares in Workiva Inc , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Workiva Inc makes up approximately 2.28% of Trutina Financial’s portfolio.

Other Hedge Funds, Including , Simplex Trading sold out all of its stake in WK during the most recent quarter. The investment firm sold 526 shares of WK which is valued $7,411. Bnp Paribas Arbitrage Sa added WK to its portfolio by purchasing 863 company shares during the most recent quarter which is valued at $11,961.

Workiva Inc closed down -0.05 points or -0.36% at $13.94 with 70,935 shares getting traded on Friday. Post opening the session at $14, the shares hit an intraday low of $13.83 and an intraday high of $14 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Workiva Inc reported $-0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 4, 2016. Analyst had a consensus of $-0.27. The company had revenue of $44.60 million for the quarter, compared to analysts expectations of $42.65 million. The company’s revenue was up 26.7% compared to the same quarter last year.

Workiva Inc. is a data company. The Company created Wdesk a cloud-based platform for enterprises to collect manage report and analyze business data in real time. Wdesk word processing spreadsheet and presentation applications are integrated and built upon the Workiva data management engine. Wdesk allows users to define automate and change their business processes in real time for what they need when they need it with little or no involvement from information technology personnel. Its proprietary data engine which includes live-linking technology enables users to automatically propagate any changes to data including numbers text charts and graphics across every instance in which that data appears in the Wdesk workspace. Live-linking technology allows customers to use trusted data to more accurately produce and update business reports. Wdesk provides accountability and transparency through a detailed audit trail that tracks every change made by any user over time.

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