Robert Enslin Sells 5,374 Shares of Workday (NASDAQ:WDAY) Stock

Workday, Inc. (NASDAQ:WDAY) insider Robert Enslin sold 5,374 shares of the business’s stock in a transaction dated Sunday, July 5th. The stock was sold at an average price of $134.90, for a total transaction of $724,952.60. Following the completion of the transaction, the insider directly owned 239,469 shares of the company’s stock, valued at approximately $32,304,368.10. This represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Workday Price Performance

Shares of WDAY stock opened at $137.88 on Thursday. Workday, Inc. has a 1 year low of $110.36 and a 1 year high of $249.85. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The firm’s 50 day moving average is $129.10 and its 200-day moving average is $147.76. The firm has a market capitalization of $34.06 billion, a price-to-earnings ratio of 43.09, a PEG ratio of 1.54 and a beta of 1.11.

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

Institutional Investors Weigh In On Workday

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Finivi Inc. boosted its holdings in Workday by 3.3% during the third quarter. Finivi Inc. now owns 1,516 shares of the software maker’s stock worth $365,000 after buying an additional 48 shares during the last quarter. Strategic Investment Advisors MI increased its stake in shares of Workday by 1.6% in the 2nd quarter. Strategic Investment Advisors MI now owns 3,263 shares of the software maker’s stock valued at $777,000 after acquiring an additional 50 shares during the last quarter. Sagespring Wealth Partners LLC increased its stake in shares of Workday by 3.0% in the 4th quarter. Sagespring Wealth Partners LLC now owns 2,052 shares of the software maker’s stock valued at $441,000 after acquiring an additional 59 shares during the last quarter. CVA Family Office LLC raised its position in shares of Workday by 35.3% in the 4th quarter. CVA Family Office LLC now owns 249 shares of the software maker’s stock valued at $53,000 after acquiring an additional 65 shares during the period. Finally, Aspire Private Capital LLC raised its position in shares of Workday by 1.3% in the 4th quarter. Aspire Private Capital LLC now owns 5,560 shares of the software maker’s stock valued at $1,194,000 after acquiring an additional 71 shares during the period. Institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Piper Sandler upped their price target on Workday from $135.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. TD Cowen reissued a “hold” rating on shares of Workday in a report on Friday, May 22nd. DA Davidson set a $135.00 target price on shares of Workday in a research report on Tuesday, May 26th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Workday in a research note on Wednesday, June 17th. Finally, Needham & Company LLC reduced their target price on shares of Workday from $300.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $184.00.

Key Headlines Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday’s latest quarterly results were strong, with revenue up 13.5% year over year and EPS topping estimates, reinforcing that core demand for its cloud software remains healthy.
• Positive Sentiment: Investors have also responded favorably to Workday’s share repurchase activity and recent analyst support, which helped the stock recover earlier in the week.
• Neutral Sentiment: Recent insider sales by CFO Zane Rowe, President/Chief Product and Technology Officer Gerrit Kazmaier, President Robert Enslin, and major shareholder David A. Duffield were all disclosed as pre-planned Rule 10b5-1 transactions tied to equity vesting and tax withholding, so they are not necessarily a negative operational signal.
• Neutral Sentiment: Workday continues to draw mixed but generally constructive analyst and institutional attention, with multiple buy/overweight ratings offset by some skepticism, keeping sentiment balanced rather than decisively bullish.
• Negative Sentiment: The broader selloff in tech and growth stocks is the main near-term headwind, and that macro-driven weakness appears to be the biggest reason WDAY has been declining today.

About Workday

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.