Insider Selling: Workday (NASDAQ:WDAY) Major Shareholder Sells $16,077,700.00 in Stock

Workday, Inc. (NASDAQ:WDAY) major shareholder David Duffield sold 107,500 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $149.56, for a total transaction of $16,077,700.00. Following the completion of the sale, the insider directly owned 105,049 shares in the company, valued at $15,711,128.44. This trade represents a 50.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Workday Stock Down 2.0%

Shares of WDAY opened at $137.47 on Thursday. The stock has a market capitalization of $33.96 billion, a PE ratio of 42.96, a P/E/G ratio of 1.49 and a beta of 1.09. Workday, Inc. has a 1 year low of $110.36 and a 1 year high of $256.42. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01. The company’s 50-day simple moving average is $128.06 and its 200-day simple moving average is $160.89.

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, topping the consensus estimate of $2.51 by $0.15. The business had revenue of $2.54 billion for 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%. The business’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.23 earnings per share. Analysts forecast that Workday, Inc. will post 5.4 earnings per share for the current fiscal year.

More Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday is getting attention for using AI to modernize finance planning and reduce reliance on spreadsheets, which could strengthen its financial-management franchise and support longer-term adoption. Finance teams can’t quit Excel. Workday wants to change that with AI
• Positive Sentiment: AvidXchange completed a Workday integration, expanding Workday’s ecosystem and making its marketplace more attractive to customers looking for AP automation and payment tools. AvidXchange Completes Workday Integration
• Positive Sentiment: Workday said it is expanding its public-sector footprint in Canada as governments accelerate AI modernization, signaling continued customer momentum. Workday Expands Public Sector Footprint in Canada as Government Accelerates AI Modernization
• Neutral Sentiment: New Workday partner and talent-related coverage suggests the ecosystem around its platform remains active, but these items are not likely to materially move the stock on their own. First-Ever Pacesetter Awards Recognize HR Breakthrough Achievements On-Stage at Josh Bersin Company Irresistible 2026
• Negative Sentiment: David Duffield’s latest share sale and other insider-sale disclosures are weighing on sentiment, even though the trade was made under a pre-arranged 10b5-1 plan. Workday (NASDAQ:WDAY) Major Shareholder Sells $16,077,700.00 in Stock
• Negative Sentiment: Recent coverage says Workday is still being punished by investors who are digesting its guidance, analyst downgrades, and insider-sale headlines, helping explain the recent stock weakness. Workday slips 3.6% as investors weigh recent guidance, downgrades, and fresh insider-sale disclosures

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on WDAY shares. Sanford C. Bernstein reissued an “outperform” rating and set a $216.00 price target on shares of Workday in a research report on Friday, May 22nd. KeyCorp increased their price target on shares of Workday from $155.00 to $158.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Citizens Jmp cut shares of Workday from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Wolfe Research reissued an “outperform” rating and set a $160.00 price target on shares of Workday in a research report on Friday, May 22nd. Finally, Cantor Fitzgerald reduced their price target on shares of Workday from $200.00 to $160.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.03.

Hedge Funds Weigh In On Workday

Hedge funds have recently modified their holdings of the business. Rakuten Securities Inc. purchased a new position in shares of Workday during the second quarter worth approximately $25,000. Measured Wealth Private Client Group LLC purchased a new position in Workday in the 3rd quarter valued at $26,000. DT Investment Partners LLC acquired a new position in Workday in the 4th quarter valued at $27,000. LRI Investments LLC acquired a new position in Workday in the 4th quarter valued at $29,000. Finally, JPL Wealth Management LLC acquired a new position in Workday in the 3rd quarter valued at $30,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

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.