Insider Selling: Michael Stankey Sells 13,344 Shares of Workday Stock (WDAY)
Workday (NASDAQ:WDAY) COO Michael Stankey sold 13,344 shares of the stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $82.11, for a total transaction of $1,095,675.84. Following the sale, the chief operating officer now directly owns 105,955 shares in the company, valued at approximately $8,699,965. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
WDAY has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “hold” rating on shares of Workday in a research note to investors on Friday, September 20th. They now have a $70.00 price target on the stock. Separately, analysts at Robert W. Baird raised their price target on shares of Workday from $75.00 to $85.00 in a research note to investors on Friday, September 20th. They now have a “neutral” rating on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Workday from $85.00 to $92.00 in a research note to investors on Friday, September 20th. They now have an “outperform” rating on the stock. Seventeen analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $75.11.
Workday (NASDAQ:WDAY) traded down 1.17% during mid-day trading on Monday, hitting $81.43. 124,752 shares of the company’s stock traded hands. Workday has a one year low of $45.05 and a one year high of $84.42. The stock has a 50-day moving average of $77.66 and a 200-day moving average of $67.86. The company’s market cap is $14.169 billion.
Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, August 27th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.71) earnings per share. The company’s revenue for the quarter was up 71.6% on a year-over-year basis.
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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