Workday (NASDAQ:WDAY) CAO Mark Garfield Sells 918 Shares of Stock

Workday, Inc. (NASDAQ:WDAY) CAO Mark Garfield sold 918 shares of Workday stock in a transaction on Monday, October 12th. The shares were sold at an average price of $189.45, for a total value of $173,915.10. Following the sale, the chief accounting officer directly owned 69,309 shares of the company’s stock, valued at approximately $13,130,590.05. The trade was a 1.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Workday Stock Performance

Shares of NASDAQ WDAY opened at $188.77 on Thursday. The business’s 50-day moving average price is $191.03 and its two-hundred day moving average price is $152.89. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. Workday, Inc. has a one year low of $110.36 and a one year high of $247.40. The company has a market capitalization of $45.49 billion, a P/E ratio of 30.40, a price-to-earnings-growth ratio of 1.87 and a beta of 1.07.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.61 by $0.14. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.64 billion. Workday had a return on equity of 20.95% and a net margin of 12.32%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.21 EPS. Analysts anticipate that Workday, Inc. will post 5.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on WDAY shares. KeyCorp raised their price objective on shares of Workday from $158.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, August 28th. Barclays boosted their target price on shares of Workday from $200.00 to $224.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. Royal Bank Of Canada increased their price target on shares of Workday from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. UBS Group dropped their price target on shares of Workday from $220.00 to $210.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Dbs Bank upgraded shares of Workday to a “hold” rating in a report on Wednesday, September 9th. Twenty research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $205.55.

Key Stories Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday announced a partnership with Anthropic that will connect Claude’s reasoning capabilities with Workday’s Sana agents, governed data and business rules. Customers will be able to find information, take actions and approve work through Claude or Sana, strengthening Workday’s enterprise AI positioning. Anthropic partnership
• Positive Sentiment: At its investor event, Workday introduced expanded Sana capabilities, Decision Intelligence, Work Intelligence and a headless Trusted Agent Platform. These offerings could increase customer adoption, improve retention and create new monetization opportunities across human resources, finance and IT. Workday AI product announcements
• Positive Sentiment: Workday agreed to acquire C1.ai, an agentic identity platform that manages access for employees and AI agents. The transaction could broaden Workday’s security and governance capabilities, though financial terms and the earnings impact were not disclosed. C1.ai acquisition
• Positive Sentiment: A new Candidate Profile lets job seekers save application information for reuse across Workday-powered applications, potentially improving the recruiting experience and supporting customer engagement. Candidate Profile announcement
• Neutral Sentiment: UBS lowered its Workday price target from $220 to $210 and maintained a Neutral rating. The target still implies potential upside, but the revision signals limited near-term conviction. UBS price target update
• Negative Sentiment: Investors remain concerned about decelerating sales growth despite management’s forecast for continued double-digit revenue growth, raising questions about how quickly the AI strategy will translate into material financial results. Workday growth outlook
• Negative Sentiment: Major shareholder David Duffield sold 99,835 shares worth approximately $18.7 million, while Chief Accounting Officer Mark Garfield sold 918 shares. Both transactions used pre-arranged Rule 10b5-1 plans, reducing their signaling value, but the sales may still weigh on sentiment. Insider sale filings

Institutional Trading of Workday

Several hedge funds have recently added to or reduced their stakes in the business. Auto Owners Insurance Co lifted its position in Workday by 25,412.8% in the fourth quarter. Auto Owners Insurance Co now owns 10,230,616 shares of the software maker’s stock worth $2,197,332,000 after purchasing an additional 10,190,516 shares during the period. Janus Henderson Group PLC boosted its stake in Workday by 101.4% during the fourth quarter. Janus Henderson Group PLC now owns 5,017,905 shares of the software maker’s stock worth $1,077,537,000 after buying an additional 2,525,821 shares in the last quarter. Contour Asset Management LLC acquired a new stake in Workday during the fourth quarter worth $184,083,000. Pacer Advisors Inc. increased its holdings in Workday by 840.9% in the 4th quarter. Pacer Advisors Inc. now owns 765,049 shares of the software maker’s stock valued at $164,317,000 after buying an additional 683,741 shares during the period. Finally, Lead Edge Capital Management LLC bought a new stake in Workday in the 1st quarter valued at $79,988,000. Institutional investors own 89.81% of the company’s stock.

About Workday

Workday, Inc develops cloud-based enterprise software for managing an organization’s people, finances and operations. Its platform is primarily used by businesses, government agencies and educational institutions to support human resources, finance, planning, analytics and related administrative processes.

The company’s offerings include Workday Human Capital Management, Financial Management, Adaptive Planning, Spend Management, payroll, recruiting, talent management, learning and workforce analytics.