Insider Selling: Workday VP Sells 8,000 Shares of Stock (WDAY)
Workday (NASDAQ:WDAY) VP James Shaughnessy unloaded 8,000 shares of the stock on the open market in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $81.54, for a total value of $652,320.00. Following the completion of the sale, the vice president now directly owns 29,814 shares of the company’s stock, valued at approximately $2,431,034. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Workday (NASDAQ:WDAY) traded up 2.57% during mid-day trading on Monday, hitting $84.59. 2,092,948 shares of the company’s stock traded hands. Workday has a 52 week low of $50.04 and a 52 week high of $84.42. The stock has a 50-day moving average of $79.58 and a 200-day moving average of $75.17. The company’s market cap is $14.786 billion.
Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Monday, November 25th. The company reported ($0.12) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.17) by $0.05. The company had revenue of $127.90 million for the quarter, compared to the consensus estimate of $117.68 million. During the same quarter last year, the company posted ($0.39) earnings per share. Workday’s revenue was up 76.2% compared to the same quarter last year. Analysts expect that Workday will post $-0.56 EPS for the current fiscal year.
WDAY has been the subject of a number of recent research reports. Analysts at Macquarie initiated coverage on shares of Workday in a research note to investors on Friday, December 6th. They set a “neutral” rating and a $85.00 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of Workday from $86.00 to $90.00 in a research note to investors on Tuesday, November 26th. Finally, analysts at Susquehanna raised their price target on shares of Workday from $71.00 to $80.00 in a research note to investors on Tuesday, November 26th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $80.96.
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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