Workday (NASDAQ:WDAY) Major Shareholder Sells $18,724,054.25 in Stock

Workday, Inc. (NASDAQ:WDAY) major shareholder David Duffield sold 99,835 shares of Workday stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $187.55, for a total transaction of $18,724,054.25. Following the sale, the insider owned 105,049 shares of the company’s stock, valued at approximately $19,701,939.95. The trade was a 48.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Workday Stock Up 4.2%

WDAY stock opened at $196.63 on Friday. The firm’s fifty day simple moving average is $191.55 and its 200-day simple moving average is $153.40. The company has a market capitalization of $47.39 billion, a P/E ratio of 39.88, a price-to-earnings-growth ratio of 1.79 and a beta of 1.07. 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 12 month low of $110.36 and a 12 month high of $247.40.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 27th. The software maker reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.61 by $0.14. Workday had a net margin of 12.32% and a return on equity of 20.95%. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the prior year, the business earned $2.21 earnings per share. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, equities research analysts forecast that Workday, Inc. will post 5.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WDAY. KeyCorp downgraded Workday from an “overweight” rating to a “sector weight” rating in a research report on Thursday. UBS Group set a $175.00 price objective on Workday in a research note on Thursday. Cantor Fitzgerald reissued an “overweight” rating on shares of Workday in a report on Wednesday, September 30th. Stifel Nicolaus upped their target price on Workday from $160.00 to $175.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Monness Crespi & Hardt upped their target price on Workday from $202.00 to $218.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. Nineteen analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Workday has a consensus rating of “Hold” and a consensus price target of $205.03.

Hedge Funds Weigh In On Workday

Several institutional investors have recently made changes to their positions in WDAY. CoreCap Advisors LLC boosted its holdings in Workday by 55.9% during the third quarter. CoreCap Advisors LLC now owns 173 shares of the software maker’s stock worth $33,000 after buying an additional 62 shares in the last quarter. Elevation Wealth Partners LLC grew its position in Workday by 21.8% during the third quarter. Elevation Wealth Partners LLC now owns 481 shares of the software maker’s stock valued at $92,000 after buying an additional 86 shares during the period. Baker Tilly Wealth Management LLC increased its holdings in Workday by 5.5% in the third quarter. Baker Tilly Wealth Management LLC now owns 1,791 shares of the software maker’s stock valued at $341,000 after buying an additional 93 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Workday by 10.6% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,004 shares of the software maker’s stock valued at $123,000 after buying an additional 96 shares in the last quarter. Finally, 180 Wealth Advisors LLC increased its holdings in Workday by 5.6% in the second quarter. 180 Wealth Advisors LLC now owns 1,960 shares of the software maker’s stock valued at $240,000 after buying an additional 104 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday News Summary

Here are the key news stories impacting Workday this week:

• Positive Sentiment: BTIG said Workday’s “agentic AI” push should benefit from an impressive investor day. New offerings—including expanded Sana capabilities, Decision Intelligence, Work Intelligence and a Trusted Agent Platform—could strengthen customer retention and create additional monetization opportunities. BTIG Workday investor-day analysis
• Positive Sentiment: Workday’s collaboration with Anthropic will connect Claude’s reasoning capabilities with Workday’s Sana agents, governed data and business rules. The arrangement could improve Workday’s competitive position in enterprise AI by enabling users to find information, take actions and approve work through either platform. Workday Anthropic partnership
• Positive Sentiment: A new Candidate Profile feature lets applicants save information for reuse across Workday-powered applications, potentially improving the recruiting experience and increasing the platform’s value to employers. Workday Candidate Profile announcement
• Neutral Sentiment: Analyst opinions remain divided. Stifel raised its price target from $160 to $175 but maintained a Hold rating, while UBS lowered its target from $220 to $210 and kept a Neutral rating. Both targets indicate limited conviction at current valuation levels. Stifel Workday price target
• Negative Sentiment: Investors remain concerned that sales growth is decelerating. Management continues to forecast double-digit revenue growth, but the market wants evidence that AI investments will translate into stronger bookings and financial results. Workday growth outlook
• Negative Sentiment: Major shareholder David Duffield sold approximately $18.7 million of Workday stock, and Chief Accounting Officer Mark Garfield sold about $174,000. Both transactions were made under pre-arranged Rule 10b5-1 plans, reducing their signaling value, though the sales may still weigh on sentiment. Workday insider sales

Workday Company Profile

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.