Insider Selling: Workday (NASDAQ:WDAY) Major Shareholder Sells 72,118 Shares of Stock

Workday, Inc. (NASDAQ:WDAY) major shareholder David Duffield sold 72,118 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $241.57, for a total value of $17,421,545.26. Following the transaction, the insider directly owned 102,997 shares in the company, valued at $24,880,985.29. This represents a 41.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Workday Stock Up 1.6%

Shares of NASDAQ WDAY opened at $246.67 on Friday. Workday, Inc. has a one year low of $205.33 and a one year high of $294.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10. The business’s fifty day moving average price is $230.13 and its 200-day moving average price is $237.70. The stock has a market capitalization of $65.86 billion, a PE ratio of 114.20, a P/E/G ratio of 3.25 and a beta of 1.12.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.12. Workday had a return on equity of 9.74% and a net margin of 6.51%.The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the prior year, the firm earned $1.75 EPS. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, equities research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WDAY. Evercore ISI increased their price objective on Workday from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Cowen reissued a “buy” rating on shares of Workday in a report on Wednesday, September 17th. Wall Street Zen raised Workday from a “hold” rating to a “buy” rating in a report on Sunday, July 13th. BMO Capital Markets dropped their price objective on Workday from $314.00 to $285.00 and set an “outperform” rating on the stock in a report on Friday, August 22nd. Finally, Citigroup dropped their price objective on Workday from $279.00 to $260.00 and set a “neutral” rating on the stock in a report on Friday, August 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and an average target price of $287.83.

Hedge Funds Weigh In On Workday

Several institutional investors have recently modified their holdings of WDAY. Rakuten Securities Inc. bought a new position in shares of Workday during the 2nd quarter valued at about $25,000. Cornerstone Planning Group LLC increased its position in shares of Workday by 76.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock valued at $28,000 after purchasing an additional 54 shares during the last quarter. Dagco Inc. bought a new position in shares of Workday during the 1st quarter valued at about $31,000. Berbice Capital Management LLC increased its position in shares of Workday by 136.4% during the 2nd quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock valued at $31,000 after purchasing an additional 75 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. bought a new position in shares of Workday during the 1st quarter valued at about $32,000. 89.81% of the stock is currently owned by institutional investors.

About Workday

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.