Is Workiva's Slide Creating an Opening for Long-Term Investors as a Major Fund Initiates a New Stake?

Workiva just posted another strong revenue quarter—and smart money is stepping in.New York City-based Praesidium Investment Management Company initiated a new position in Workiva Inc. during the third quarter, adding 87,921 shares in a stake valued at $7.6 million as of September 30.What HappenedAccording to a filing with the U.S. Securities and Exchange Commission dated November 14, Praesidium Investment Management Company disclosed a new position in Workiva (WK +0.01%). The fund reported holding 87,921 sh ...