Insider Selling: Workday (NASDAQ:WDAY) Major Shareholder Sells $18,660,982.05 in Stock

Workday, Inc. (NASDAQ:WDAY) major shareholder David Duffield sold 98,971 shares of the business’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $188.55, for a total value of $18,660,982.05. Following the transaction, the insider owned 105,049 shares in the company, valued at approximately $19,806,988.95. This represents a 48.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Workday Trading Down 0.3%

Shares of WDAY opened at $186.14 on Friday. Workday, Inc. has a 1-year low of $110.36 and a 1-year high of $247.40. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The firm’s 50-day moving average price is $187.10 and its 200-day moving average price is $149.68. The firm has a market capitalization of $44.86 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 1.87 and a beta of 1.07.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Thursday, August 27th. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.61 by $0.14. Workday had a return on equity of 20.95% and a net margin of 12.32%.The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the prior year, the company earned $2.21 earnings per share. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. Sell-side analysts anticipate that Workday, Inc. will post 5.33 EPS for the current year.

Key Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday launched operations in the United Arab Emirates, including a Dubai office and expanded local leadership. The move broadens its addressable market for cloud-based HR, finance and IT software and supports the company’s longer-term artificial-intelligence growth strategy. Workday UAE Launch
• Positive Sentiment: Some analysts view the restructuring as a potential efficiency improvement. William Blair reaffirmed a Buy rating, citing Workday’s valuation, cost controls and margin-expansion potential, while commentary suggested concentrating resources could strengthen its AI strategy. Workday Analyst Rating
• Neutral Sentiment: Workday entered a new credit agreement that expands or replaces its revolving credit facility. The additional liquidity may provide financial flexibility, but the announcement does not change the company’s operating outlook. Workday Credit Facility
• Negative Sentiment: Workday plans to eliminate approximately 2.5% of its workforce, primarily in Product and Technology, and reduce selected office space. The actions are expected to generate roughly $65 million to $80 million in charges, mostly in fiscal 2027’s third quarter, weighing on GAAP operating margins. Workday Workforce Reduction
• Negative Sentiment: Although Workday left its subscription-revenue and non-GAAP forecasts unchanged, it indicated that GAAP operating-margin expectations would be materially lower because of restructuring charges. That near-term hit to reported profitability is the primary catalyst behind the stock’s decline.
• Negative Sentiment: Major shareholder David Duffield sold 98,971 shares worth about $18.7 million, reducing his ownership by roughly 48.5%. The sale was executed under a pre-arranged Rule 10b5-1 plan, which limits its signaling value, but the transaction may still weigh on investor sentiment. SEC Insider Transaction Filing

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of WDAY. CX Institutional boosted its stake in Workday by 5.8% in the 3rd quarter. CX Institutional now owns 3,559 shares of the software maker’s stock worth $678,000 after purchasing an additional 195 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Workday by 34.2% during the third quarter. Versant Capital Management Inc now owns 3,188 shares of the software maker’s stock valued at $607,000 after buying an additional 813 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of Workday by 4.8% in the second quarter. QRG Capital Management Inc. now owns 10,403 shares of the software maker’s stock valued at $1,274,000 after purchasing an additional 477 shares during the period. Junto Capital Management LP acquired a new position in Workday in the 2nd quarter worth approximately $45,000,000. Finally, Tidal Investments LLC increased its stake in shares of Workday by 43.6% in the second quarter. Tidal Investments LLC now owns 1,439,456 shares of the software maker’s stock worth $176,218,000 after acquiring an additional 437,175 shares during the period. Institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on WDAY shares. Jefferies Financial Group set a $220.00 target price on shares of Workday in a report on Friday, August 28th. Royal Bank Of Canada raised their price target on Workday from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. Guggenheim reiterated a “buy” rating and set a $275.00 price objective on shares of Workday in a research report on Friday, August 21st. Lake Street Capital set a $205.00 target price on Workday in a research report on Friday, August 14th. Finally, The Goldman Sachs Group boosted their price target on Workday from $151.00 to $164.00 and gave the company a “neutral” rating in a research note on Monday, August 31st. Twenty research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $206.34.

Workday Company Profile

Workday, Inc develops cloud-based enterprise software for managing an organization’s people, finances and operations. Its platform is primarily used by businesses, government agencies and educational institutions to support human resources, finance, planning, analytics and related administrative processes.

The company’s offerings include Workday Human Capital Management, Financial Management, Adaptive Planning, Spend Management, payroll, recruiting, talent management, learning and workforce analytics.