Workday (NASDAQ:WDAY) Upgraded at CLSA

CLSA upgraded shares of Workday (NASDAQ:WDAY) to a moderate sell rating in a report released on Monday morning,Zacks.com reports.

Other research analysts also recently issued reports about the stock. The Goldman Sachs Group cut their target price on shares of Workday from $206.00 to $151.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $216.00 target price on shares of Workday in a research note on Friday, May 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Workday in a research report on Wednesday, June 17th. BMO Capital Markets reissued an “outperform” rating on shares of Workday in a research note on Friday, May 22nd. Finally, Needham & Company LLC cut their price objective on shares of Workday from $300.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $179.80.

Workday Stock Down 6.2%

Shares of WDAY opened at $132.42 on Monday. The business’s fifty day moving average price is $132.74 and its two-hundred day moving average price is $142.43. The firm has a market capitalization of $32.71 billion, a price-to-earnings ratio of 41.38, a PEG ratio of 1.51 and a beta of 1.11. Workday has a 52 week low of $110.36 and a 52 week high of $249.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.15. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.52 billion. Workday had a return on equity of 14.75% and a net margin of 8.60%.The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.23 earnings per share. On average, analysts predict that Workday will post 5.35 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $143.70, for a total transaction of $862,200.00. Following the completion of the transaction, the chief financial officer directly owned 288,460 shares in the company, valued at approximately $41,451,702. The trade was a 2.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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. Also, major shareholder David A. Duffield sold 107,500 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $122.04, for a total value of $13,119,300.00. Following the completion of the sale, the insider directly owned 105,049 shares of the company’s stock, valued at approximately $12,820,179.96. This trade represents a 50.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 875,020 shares of company stock worth $113,938,503. Insiders own 18.64% of the company’s stock.

Hedge Funds Weigh In On Workday

A number of hedge funds and other institutional investors have recently made changes to their positions in WDAY. Rakuten Securities Inc. bought a new position in Workday during the second quarter worth about $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Workday during the 3rd quarter valued at about $26,000. DT Investment Partners LLC acquired a new position in shares of Workday in the 4th quarter valued at approximately $27,000. LRI Investments LLC bought a new stake in Workday during the 4th quarter worth approximately $29,000. Finally, JPL Wealth Management LLC acquired a new stake in Workday during the 3rd quarter worth approximately $30,000. 89.81% of the stock is owned by institutional investors.

Key Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday launched Workday Learning, powered by Sana, now generally available as an AI-native learning experience built on Workday’s trusted data, adding another AI-focused offering that could support longer-term customer adoption and product momentum. Article Title
• Neutral Sentiment: Workday also announced details for Rising 2026, its annual customer conference, highlighting new AI themes such as agentic HR and agentic finance; this reinforces the company’s AI strategy but is not an immediate financial catalyst. Article Title
• Negative Sentiment: Shares have been weighed down by bearish analyst calls, including a Morgan Stanley downgrade to Underweight and a lower price target, with concerns that AI-driven growth will ramp gradually and that Workday’s core business is still slowing. Article Title
• Negative Sentiment: Unusually heavy put option activity suggests traders are positioning for more downside, which can add to negative sentiment around the stock.

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.