Insider Selling: James P. Shaughnessy Unloads 8,000 Shares of Workday Stock (WDAY)
Workday (NASDAQ:WDAY) VP James P. Shaughnessy sold 8,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $90.98, for a total transaction of $727,840.00. Following the sale, the vice president now directly owns 59,709 shares of the company’s stock, valued at approximately $5,432,325. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Workday (NASDAQ:WDAY) traded down 1.18% during mid-day trading on Thursday, hitting $88.96. The stock had a trading volume of 794,487 shares. Workday has a one year low of $64.15 and a one year high of $116.47. The stock’s 50-day moving average is $81.50 and its 200-day moving average is $86.46. The company’s market cap is $16.458 billion.
Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, May 27th. The company reported ($0.13) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.15) by $0.02. The company had revenue of $159.70 million for the quarter, compared to the consensus estimate of $152.42 million. During the same quarter in the prior year, the company posted ($0.15) earnings per share. The company’s quarterly revenue was up 74.3% on a year-over-year basis. On average, analysts predict that Workday will post $-0.54 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Wedbush raised their price target on shares of Workday from $86.00 to $96.00 in a research note on Wednesday, May 28th. Separately, analysts at Susquehanna cut their price target on shares of Workday from $110.00 to $100.00 in a research note on Wednesday, May 28th. Finally, analysts at Goldman Sachs raised their price target on shares of Workday from $79.00 to $90.00 in a research note on Wednesday, May 28th. Twelve analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $97.50.
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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