Insider Selling: Workday CEO Unloads 115,938 Shares of Stock (WDAY)
Workday (NASDAQ:WDAY) CEO Aneel Bhusri unloaded 115,938 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $89.14, for a total transaction of $10,334,713.32. Following the transaction, the chief executive officer now directly owns 351,188 shares of the company’s stock, valued at approximately $31,304,898. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on WDAY. 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 analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $99.04.
Shares of Workday (NASDAQ:WDAY) traded down 0.41% 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 has a 50-day moving average of $85.0 and a 200-day moving average of $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) EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($0.13) earnings per share. The company’s quarterly revenue 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.
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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