Workday (NASDAQ:WDAY) Insider Sells $724,952.60 in Stock

Workday, Inc. (NASDAQ:WDAY) insider Robert Enslin sold 5,374 shares of the company’s stock in a transaction that occurred on Sunday, July 5th. The stock was sold at an average price of $134.90, for a total value of $724,952.60. Following the sale, the insider directly owned 239,469 shares of the company’s stock, valued at $32,304,368.10. The trade was a 2.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 Trading Up 0.3%

NASDAQ:WDAY opened at $138.34 on Friday. Workday, Inc. has a 12 month low of $110.36 and a 12 month high of $249.85. The firm has a market cap of $34.17 billion, a price-to-earnings ratio of 43.23, a P/E/G ratio of 1.48 and a beta of 1.11. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average is $129.45 and its 200-day moving average is $147.19.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.15. The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Workday had a net margin of 8.60% and a return on equity of 14.75%. Workday’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.23 earnings per share. Equities analysts anticipate that Workday, Inc. will post 5.34 EPS for the current year.

Institutional Trading of Workday

Hedge funds have recently modified their holdings of the company. Finivi Inc. grew its holdings in shares of Workday by 3.3% during the 3rd quarter. Finivi Inc. now owns 1,516 shares of the software maker’s stock worth $365,000 after purchasing an additional 48 shares in the last quarter. Strategic Investment Advisors MI raised its stake in shares of Workday by 1.6% in the second quarter. Strategic Investment Advisors MI now owns 3,263 shares of the software maker’s stock valued at $777,000 after purchasing an additional 50 shares in the last quarter. Sagespring Wealth Partners LLC lifted its position in Workday by 3.0% in the fourth quarter. Sagespring Wealth Partners LLC now owns 2,052 shares of the software maker’s stock worth $441,000 after purchasing an additional 59 shares during the period. CVA Family Office LLC lifted its position in Workday by 35.3% in the fourth quarter. CVA Family Office LLC now owns 249 shares of the software maker’s stock worth $53,000 after purchasing an additional 65 shares during the period. Finally, Aspire Private Capital LLC boosted its stake in Workday by 1.3% during the fourth quarter. Aspire Private Capital LLC now owns 5,560 shares of the software maker’s stock worth $1,194,000 after buying an additional 71 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday News Summary

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday was highlighted in fresh analysis suggesting the stock could be about 19% undervalued, with investors encouraged by its enterprise software growth and AI-related optimism. Workday (WDAY) Could Be 19% Undervalued After Risk Off Selling Hits Software
• Positive Sentiment: The company also appointed John Lombard to lead Asia Pacific growth, a move that could support international expansion and sales execution over time. Workday (WDAY) Appoints John Lombard To Lead Asia Pacific Growth
• Neutral Sentiment: Recent insider sales by executives Robert Enslin, Zane Rowe, and Gerrit Kazmaier may draw attention, but the disclosure indicates at least one sale was made under a pre-arranged trading plan for tax withholding, limiting the negative signal. Robert Enslin Sells 5,374 Shares of Workday (NASDAQ:WDAY) Stock
• Neutral Sentiment: Workday’s strong prior-quarter results still support the long-term story, with earnings and revenue both beating expectations and revenue rising 13.5% year over year.
• Negative Sentiment: Shares have also been weighed by a broader selloff in high-multiple software stocks after rising oil prices and bond yields pressured growth valuations, and Salesforce’s downgrade added to the sector weakness. Paycom, Workday, and Flywire Shares Are Falling, What You Need To Know
• Negative Sentiment: Another valuation check said Workday looks fairly valued despite AI optimism, suggesting the recent pullback may not have made the stock a clear bargain yet. Workday (WDAY) Stock Looks Fairly Valued Despite Fresh AI Growth Optimism

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WDAY shares. Sanford C. Bernstein restated an “outperform” rating and set a $216.00 price target on shares of Workday in a report on Friday, May 22nd. DA Davidson set a $135.00 price objective on Workday in a research note on Tuesday, May 26th. TD Cowen reissued a “hold” rating on shares of Workday in a research report on Friday, May 22nd. Bank of America initiated coverage on Workday in a research note on Wednesday, May 27th. They set a “neutral” rating and a $140.00 target price for the company. Finally, Piper Sandler raised their target price on Workday from $135.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and an average price target 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.