Insider Selling: James P. Shaughnessy Sells 8,000 Shares of Workday Stock (WDAY)
Workday (NASDAQ:WDAY) VP James P. Shaughnessy sold 8,000 shares of the stock on the open market in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $89.35, for a total value of $714,800.00. Following the completion of the transaction, the vice president now directly owns 59,709 shares of the company’s stock, valued at approximately $5,334,999. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Workday (NASDAQ:WDAY) traded down 0.41% during mid-day trading on Thursday, hitting $88.24. 1,426,255 shares of the company’s stock traded hands. Workday has a 52-week low of $64.21 and a 52-week high of $116.47. The stock’s 50-day moving average is $85.0 and its 200-day moving average is $85.41. The company’s market cap is $16.264 billion.
Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Wednesday, August 27th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.03. The company had revenue of $186.80 million for the quarter, compared to the consensus estimate of $177.31 million. During the same quarter in the previous year, the company posted ($0.13) earnings per share. The company’s revenue for the quarter was up 73.6% on a year-over-year basis. On average, analysts predict that Workday will post $-0.42 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of Workday in a research note on Thursday. They now have a $94.00 price target on the stock, up previously from $89.00. Separately, analysts at BMO Capital Markets raised their price target on shares of Workday from $83.00 to $100.00 in a research note on Thursday, August 28th. Finally, analysts at Wedbush raised their price target on shares of Workday from $96.00 to $106.00 in a research note on Thursday, August 28th. Twelve equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $99.04.
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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