WK

We initiated a position in Allegro because vehicle electrification, driver-assistance systems and other electronic features are increasing chip content per vehicle. We initiated a position in Sterling Infrastructure because its scale and experience help it win complex, mission-critical projects. We sold Workiva stock to reduce the portfolio's exposure to software, which has been a battleground for investors as it's deemed a potential area of disruption for AI.

The Conestoga Small Cap Composite returned -11.22% net of fees in 3Q26, trailing the -9.39% return for the Russell 2000 Growth Index. Small Cap Composite top 5 leaders include Repligen, Merit Medical, Stevanato Group, Descartes Systems and Digi International. Small Cap Composite bottom 5 laggards include Mercury Systems, AAON, RBC Bearings, SPX Technologies and UL Solutions.

Workiva is a buy, with margin expansion and growth outpacing expectations; 2027 margin targets may be achieved a year early. WK trades at 19x 2027E EPS, a discount to peers like Dynatrace, despite similar growth rates and improving profitability metrics. Full-year non-GAAP operating margin guidance increased to ~18%, with free cash flow margin at 21% and strong large-customer expansion.

FSLY, FIVN and WK gained more than 30% in Q3, with AI demand and strong estimates pointing to further Q4 gains.

WK, ACIW and ESTC combine strong estimate revisions with brokerage targets pointing to potential short-term upside.

Workiva Inc. (WK) Analyst/Investor Day Transcript

LAS VEGAS--(BUSINESS WIRE)--Workiva Inc. (NYSE: WK), a leading, audit-ready platform for trust, transparency, and accountability, unveiled dozens of new product and platform innovations at Amplify 2026, the company's annual conference attended by thousands of finance, accounting, sustainability, risk, and compliance leaders. Workiva Debuts Agent Studio Workiva introduced Agent Studio, a landmark platform capability that empowers users to quickly build, customize, and deploy AI agents in Workiva.

Workiva Inc. (WK) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript

Workiva Inc. (WK) Presents at Citi's 2026 Global TMT Conference Transcript

ETSY, MNDY, SMTC and WK make the cut as the top liquid stocks, each boasting strong liquidity, growth attributes and operational efficiency.