Insider Selling: Workday (NASDAQ:WDAY) Major Shareholder Sells $15,819,700.00 in Stock

Workday, Inc. (NASDAQ:WDAY) major shareholder David Duffield sold 107,500 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $147.16, for a total transaction of $15,819,700.00. Following the completion of the transaction, the insider directly owned 105,049 shares in the company, valued at $15,459,010.84. This trade represents a 50.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Workday Price Performance

WDAY opened at $137.84 on Thursday. Workday, Inc. has a fifty-two week low of $117.76 and a fifty-two week high of $276.00. The firm has a 50-day moving average of $167.73 and a 200 day moving average of $207.24. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.83 and a current ratio of 1.32. The firm has a market cap of $36.25 billion, a P/E ratio of 53.43, a PEG ratio of 1.38 and a beta of 1.16.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, topping the consensus estimate of $2.32 by $0.15. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. Workday had a net margin of 7.26% and a return on equity of 13.37%. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.92 earnings per share. On average, research analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on WDAY shares. Raymond James Financial reiterated a “market perform” rating on shares of Workday in a research note on Monday, February 9th. Royal Bank Of Canada lowered their target price on Workday from $220.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. UBS Group dropped their price target on Workday from $170.00 to $130.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Loop Capital set a $280.00 price target on Workday in a research note on Wednesday, December 10th. Finally, Wells Fargo & Company decreased their price objective on Workday from $255.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. Twenty analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $205.19.

Hedge Funds Weigh In On Workday

A number of large investors have recently modified their holdings of the company. Auto Owners Insurance Co grew its stake in Workday by 25,412.8% during the fourth quarter. Auto Owners Insurance Co now owns 10,230,616 shares of the software maker’s stock valued at $2,197,332,000 after acquiring an additional 10,190,516 shares in the last quarter. Vanguard Group Inc. lifted its stake in Workday by 14.7% in the 4th quarter. Vanguard Group Inc. now owns 25,009,288 shares of the software maker’s stock worth $5,371,495,000 after purchasing an additional 3,210,232 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Workday by 101.4% in the 4th quarter. Janus Henderson Group PLC now owns 5,017,905 shares of the software maker’s stock valued at $1,077,537,000 after purchasing an additional 2,525,821 shares during the period. First Eagle Investment Management LLC bought a new position in Workday in the 3rd quarter valued at $556,252,000. Finally, Norges Bank purchased a new position in shares of Workday during the 4th quarter valued at $448,804,000. 89.81% of the stock is currently owned by institutional investors.

Trending Headlines about Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday named Lyra Health its preferred mental‑health partner for Workday Wellness — deepens the company’s employee‑wellness offering, increases stickiness for HCM customers and supports cross‑sell opportunities. Lyra Health Joins Workday Wellness Program
• Positive Sentiment: Workday and Insperity launched Insperity HRScale for SMBs — expands Workday’s route into small and midsize businesses, which can help diversify growth beyond large enterprise deals. Workday Expands HCM Reach With Lyra Partnership And Insperity HRScale Launch
• Positive Sentiment: Workday services partner Kognitiv teamed with Syndio to support EU pay‑transparency compliance — strengthens Workday’s partner ecosystem and compliance‑adjacent capabilities that customers may pay to adopt. Kognitiv and Syndio Partner to Support EU Pay Transparency Directive Compliance
• Neutral Sentiment: Persona launched a Candidate Verification product integrated with Workday — a functional integration that reduces hiring fraud and improves HR workflow, but likely limited near‑term revenue impact. Persona Launches Candidate Verification
• Neutral Sentiment: A Seeking Alpha piece highlights Workday’s poor perception among job seekers — reputational noise that could complicate talent acquisition but is not an immediate revenue driver for enterprise customers. Workday: Hated By Job Seekers, Impossible To Leave For Everyone Else
• Negative Sentiment: Valuation and expectations have been reset after Q4: an updated valuation model and several analysts cut fair value/targets (example: fair value estimate lowered ~20% in one note), citing softer subscription guidance, CEO/target changes and heavier near‑term AI investment — the main driver of today’s downside pressure. How Workday (WDAY) Story Is Shifting As AI Spend Rises And Growth Expectations Reset
• Negative Sentiment: Broader post‑earnings fallout: several analyst downgrades/price‑target cuts and increased short interest (February short interest rose ~20% vs. mid‑February) reflect concern about deal timing, softer FY27 subscription revenue and higher planned spending; insider selling by major shareholder David Duffield adds to near‑term sentiment pressure. Workday slides as post-earnings guidance concerns and analyst downgrades weigh on shares David Duffield Sells 107,500 Shares of Workday

Workday Company Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.