Workday, Inc. (NASDAQ:WDAY – Get Free Report) major shareholder David Duffield sold 107,500 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $149.56, for a total transaction of $16,077,700.00. Following the sale, the insider owned 105,049 shares of the company’s stock, valued at approximately $15,711,128.44. This represents a 50.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Workday Price Performance
WDAY opened at $140.23 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. Workday, Inc. has a 52-week low of $110.36 and a 52-week high of $257.09. The company has a 50 day moving average of $127.88 and a two-hundred day moving average of $161.45. The company has a market cap of $34.64 billion, a P/E ratio of 43.82, a P/E/G ratio of 1.52 and a beta of 1.09.
Workday (NASDAQ:WDAY – Get Free Report) last released its quarterly earnings data on Thursday, May 21st. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.15. Workday had a net margin of 8.60% and a return on equity of 14.75%. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the firm earned $2.23 earnings per share. Workday’s revenue for the quarter was up 13.5% on a year-over-year basis. On average, analysts expect that Workday, Inc. will post 5.41 earnings per share for the current year.
Institutional Inflows and Outflows
Key Headlines Impacting Workday
Here are the key news stories impacting Workday this week:
- Positive Sentiment: Workday reported solid fiscal Q1 results in late May, beating EPS and revenue estimates and raising operating margin guidance, which supports the longer-term bull case. Workday slips 3.6% as investors weigh recent guidance, downgrades, and fresh insider-sale disclosures
- Positive Sentiment: AvidXchange launched its payment automation integration for Workday Marketplace, adding to Workday’s ecosystem and potentially strengthening platform value. AvidXchange Completes Workday Integration
- Positive Sentiment: Workday announced expanding momentum in Canada’s public sector, which points to continued customer wins and broader AI-driven modernization demand. Workday Expands Public Sector Footprint in Canada as Government Accelerates AI Modernization
- Neutral Sentiment: Syssero was named a Workday deployment partner, a modest ecosystem-positive update that is unlikely to move the stock on its own. Syssero Named Workday Deployment Partner
- Negative Sentiment: Shares are under pressure from continued concerns about valuation, analyst caution after earnings, and fresh insider-sale disclosures tied to major shareholder David Duffield, which can weigh on near-term sentiment. Workday (NASDAQ:WDAY) Major Shareholder Sells $16,077,700.00 in Stock
- Negative Sentiment: Broader market commentary also highlighted Workday among stocks “plunging,” reinforcing a risk-off tone around the name. Workday, Oracle, and Palantir Technologies shares plummet, what you need to know
Analysts Set New Price Targets
Several research firms have issued reports on WDAY. Weiss Ratings downgraded shares of Workday from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 20th. Wolfe Research reiterated an “outperform” rating and set a $160.00 price objective on shares of Workday in a research note on Friday, May 22nd. Piper Sandler boosted their target price on shares of Workday from $135.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. TD Cowen restated a “hold” rating on shares of Workday in a research note on Friday, May 22nd. Finally, Loop Capital set a $210.00 target price on shares of Workday in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $185.03.
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.
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