Insider Selling: Workday (NASDAQ:WDAY) Major Shareholder Sells $14,538,300.00 in Stock

Workday, Inc. (NASDAQ:WDAY) major shareholder David Duffield sold 107,500 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $135.24, for a total transaction of $14,538,300.00. Following the completion of the sale, the insider directly owned 105,049 shares of the company’s stock, valued at approximately $14,206,826.76. This trade represents a 50.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 Stock Performance

Shares of WDAY stock opened at $138.34 on Friday. The stock’s 50-day moving average is $129.45 and its two-hundred day moving average is $147.19. 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, Inc. has a 1 year low of $110.36 and a 1 year high of $249.85. The firm has a market cap of $34.17 billion, a price-to-earnings ratio of 43.23, a PEG ratio of 1.48 and a beta of 1.11.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.15. The firm 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 business’s revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.23 EPS. Analysts predict that Workday, Inc. will post 5.34 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Monness Crespi & Hardt upgraded shares of Workday from a “neutral” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Thursday, June 25th. BMO Capital Markets reiterated an “outperform” rating on shares of Workday in a research note on Friday, May 22nd. BTIG Research restated a “buy” rating and issued a $175.00 price target on shares of Workday in a research report on Monday, May 18th. Oppenheimer reaffirmed an “outperform” rating on shares of Workday in a research note on Thursday, June 11th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Workday in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and a consensus target price of $184.00.

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

Hedge Funds Weigh In On Workday

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Workday during the 4th quarter worth approximately $448,804,000. Harvest Fund Management Co. Ltd raised its holdings in 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 during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in 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. Morningstar Investment Management LLC grew its holdings in Workday by 127.2% in the fourth quarter. Morningstar Investment Management LLC now owns 27,043 shares of the software maker’s stock valued at $5,808,000 after purchasing an additional 15,138 shares during the last quarter. Finally, Aurora Investment Counsel purchased a new position in shares of Workday in the fourth quarter valued at $2,357,000. 89.81% of the stock is owned by institutional investors and hedge funds.

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.