Insider Selling: Michael Stankey Sells 13,344 Shares of Workday Stock (WDAY)
Workday (NASDAQ:WDAY) COO Michael Stankey unloaded 13,344 shares of Workday stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $88.49, for a total value of $1,180,810.56. Following the sale, the chief operating officer now directly owns 106,345 shares in the company, valued at approximately $9,410,469. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Workday (NASDAQ:WDAY) traded down 0.18% during mid-day trading on Thursday, hitting $88.84. 986,866 shares of the company’s stock traded hands. Workday has a one year low of $50.04 and a one year high of $89.83. The stock has a 50-day moving average of $81.25 and a 200-day moving average of $75.89. The company’s market cap is $15.529 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. On average, analysts predict that Workday will post $-0.56 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at UBS AG upgraded shares of Workday from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $100.00 price target on the stock, up previously from $87.00. Separately, 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. Finally, 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. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $82.06.
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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