Insider Selling: George J. Still, Jr. Sells 30,000 Shares of Workday Stock (WDAY)
Workday (NASDAQ:WDAY) Director George J. Still, Jr. sold 30,000 shares of the stock on the open market in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $90.00, for a total value of $2,700,000.00. Following the sale, the director now directly owns 4,402 shares of the company’s stock, valued at approximately $396,180. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Workday (NASDAQ:WDAY) traded down 0.49% on Wednesday, hitting $90.84. 3,913,218 shares of the company’s stock traded hands. Workday has a one year low of $50.04 and a one year high of $92.00. The stock has a 50-day moving average of $82.94 and a 200-day moving average of $76.7. The company’s market cap is $15.879 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.
A number of research firms have recently commented on WDAY. Analysts at UBS AG upgraded shares of Workday from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, January 7th. 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 assigned a buy rating to the company’s stock. Workday currently has an average rating of “Hold” and a consensus 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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