Insider Selling: Workday CEO Sells 37,500 Shares of Stock (WDAY)
Workday (NASDAQ:WDAY) CEO Aneel Bhusri sold 37,500 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $77.49, for a total transaction of $2,905,875.00. Following the transaction, the chief executive officer now directly owns 383,465 shares of the company’s stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on WDAY shares. Analysts at JPMorgan Chase & Co. reiterated a “hold” rating on shares of Workday (NASDAQ:WDAY) in a research note to investors on Wednesday. They now have a $70.00 price target on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Workday (NASDAQ:WDAY) from $58.00 to $73.00 in a research note to investors on Wednesday. They now have an “equal weight” rating on the stock. Finally, analysts at Wedbush reiterated a “buy” rating on shares of Workday (NASDAQ:WDAY) in a research note to investors on Wednesday. They now have a $86.00 price target on the stock.
Seventeen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $74.26.
Workday (NASDAQ:WDAY) traded up 0.55% during mid-day trading on Friday, hitting $76.84. The stock had a trading volume of 559,808 shares. Workday has a one year low of $45.05 and a one year high of $78.82. The stock’s 50-day moving average is $73.48 and its 200-day moving average is $65.56. The company’s market cap is $13.322 billion.
Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, August 27th. The company reported ($0.13) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.18) by $0.05. The company had revenue of $107.60 million for the quarter, compared to the consensus estimate of $100.50 million. During the same quarter in the prior year, the company posted ($0.71) earnings per share. The company’s quarterly revenue was up 71.6% on a year-over-year basis. On average, analysts predict that Workday will post $-0.63 earnings per share for the current fiscal year.
Workday, Inc is a provider of enterprise cloud-based applications for human capital management (NASDAQ:WDAY), payroll, financial management, time tracking, procurement and employee expense management.
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