Share on StockTwits

Shares of Workday (NASDAQ:WDAY) were the target of some unusual options trading on Monday. Investors bought 3,199 put options on the company, ARN reports. This is an increase of approximately 262% compared to the average daily volume of 884 put options.

WDAY has been the subject of a number of recent research reports. Analysts at Cantor Fitzgerald initiated coverage on shares of Workday in a research note on Tuesday, August 12th. They set a “buy” rating on the stock. Separately, analysts at Burke & Quick initiated coverage on shares of Workday in a research note on Friday, July 25th. They set an “outperform” rating and a $93.00 price target on the stock. Finally, 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. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $96.43.

Workday (NASDAQ:WDAY) traded up 0.66% during mid-day trading on Monday, hitting $89.00. 1,293,137 shares of the company’s stock traded hands. Workday has a 1-year low of $64.21 and a 1-year high of $116.47. The stock has a 50-day moving average of $83.27 and a 200-day moving average of $85.6. The company’s market cap is $16.465 billion.

Workday (NASDAQ:WDAY) last released its earnings data on Tuesday, May 27th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.15) earnings per share. The company’s revenue for the quarter 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.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.