David Duffield Sells 107,500 Shares of Workday (NASDAQ:WDAY) Stock

Workday, Inc. (NASDAQ:WDAY) major shareholder David Duffield sold 107,500 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $114.25, for a total value of $12,281,875.00. Following the completion of the sale, the insider directly owned 105,049 shares of the company’s stock, valued at $12,001,848.25. The trade was a 50.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Workday Stock Down 3.7%

Shares of WDAY stock opened at $113.77 on Friday. The stock’s fifty day moving average price is $127.46 and its 200 day moving average price is $153.31. Workday, Inc. has a 1-year low of $110.36 and a 1-year high of $249.85. The company has a market cap of $28.10 billion, a price-to-earnings ratio of 35.55, a price-to-earnings-growth ratio of 1.26 and a beta of 1.09. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.15. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Workday had a return on equity of 14.75% and a net margin of 8.60%.The firm’s revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business posted $2.23 earnings per share. On average, research analysts expect that Workday, Inc. will post 5.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. First Eagle Investment Management LLC acquired a new position in Workday during the third quarter worth $556,252,000. Norges Bank acquired a new stake in shares of Workday in the fourth quarter valued at about $448,804,000. Harvest Fund Management Co. Ltd increased its stake in shares of Workday by 40.1% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 55,605 shares of the software maker’s stock worth $11,943,000 after purchasing an additional 15,903 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Workday by 18.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 571,766 shares of the software maker’s stock worth $122,804,000 after purchasing an additional 88,384 shares in the last quarter. Finally, Morningstar Investment Management LLC raised its position in shares of Workday by 127.2% during the 4th quarter. Morningstar Investment Management LLC now owns 27,043 shares of the software maker’s stock worth $5,808,000 after purchasing an additional 15,138 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

More Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Monness Crespi & Hardt upgraded Workday from neutral to buy and set a $150 price target, implying meaningful upside from recent levels. Finviz
• Positive Sentiment: Several recent commentary pieces continue to argue Workday is attractively valued relative to its AI-driven growth prospects, supporting the long-term bull case. Workday: Valuation Is Cheap, Upside Potential From AI Growth
• Neutral Sentiment: Workday was mentioned in a note about software stocks lagging the broader market, which reflects sector rotation more than a company-specific event. Why software stocks like INTU, ADBE, TTD, WDAY, CRM are trailing the S&P 500
• Neutral Sentiment: The company announced it will return as a partner for the 2026 Jackson T. Stephens Cup, a small branding/relationship update with limited direct impact on earnings. The Jackson T. Stephens Cup Announces Stephens and Workday as Returning Partners for 2026 Tournament at PGA Frisco
• Negative Sentiment: A judge reportedly ruled that Workday must face a lawsuit alleging AI bias in its job-screening tools, adding legal uncertainty around a key product area. Judge says Workday to face lawsuit over AI bias in job screening tools: report
• Negative Sentiment: Major shareholder David Duffield sold 107,500 shares in a pre-arranged trading plan, which can still weigh on sentiment even though it was disclosed as a 10b5-1 sale. Workday (NASDAQ:WDAY) Major Shareholder David Duffield Sells 107,500 Shares

Wall Street Analysts Forecast Growth

WDAY has been the topic of several research analyst reports. Needham & Company LLC dropped their target price on shares of Workday from $300.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Workday in a report on Friday, May 22nd. William Blair raised shares of Workday to a “strong-buy” rating in a report on Friday, May 22nd. Barclays raised shares of Workday from an “overweight” rating to a “buy” rating in a report on Friday, May 22nd. Finally, BTIG Research restated a “buy” rating and issued a $175.00 target price on shares of Workday in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Workday has an average rating of “Moderate Buy” and a consensus target price of $184.00.

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.