Insider Selling: Workday (NASDAQ:WDAY) Major Shareholder Sells $18,587,388.96 in Stock

Workday, Inc. (NASDAQ:WDAY) major shareholder David Duffield sold 99,228 shares of the company’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $187.32, for a total transaction of $18,587,388.96. Following the completion of the transaction, the insider owned 105,049 shares of the company’s stock, valued at $19,677,778.68. This trade represents a 48.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Workday Trading Down 0.6%

NASDAQ WDAY opened at $186.59 on Friday. The stock has a market capitalization of $44.97 billion, a price-to-earnings ratio of 37.85, a PEG ratio of 1.88 and a beta of 1.07. Workday, Inc. has a 52 week low of $110.36 and a 52 week high of $247.40. The stock’s 50 day moving average price is $189.91 and its two-hundred day moving average price is $151.53. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91.

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

Institutional Trading of Workday

A number of hedge funds have recently bought and sold shares of the business. GK Wealth Management LLC bought a new position in shares of Workday during the 3rd quarter valued at approximately $72,000. Wedmont Private Capital grew its position in shares of Workday by 11.4% during the 3rd quarter. Wedmont Private Capital now owns 3,064 shares of the software maker’s stock valued at $575,000 after purchasing an additional 313 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Workday by 41.0% in the third quarter. GAMMA Investing LLC now owns 6,144 shares of the software maker’s stock worth $1,170,000 after purchasing an additional 1,788 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Workday by 13.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,757 shares of the software maker’s stock valued at $1,477,000 after purchasing an additional 943 shares in the last quarter. Finally, CoreCap Advisors LLC grew its position in Workday by 55.9% during the 3rd quarter. CoreCap Advisors LLC now owns 173 shares of the software maker’s stock worth $33,000 after acquiring an additional 62 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Workday News Summary

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday broadened cash-cycle automation for finance customers and expanded access to credit-related capabilities, supporting the company’s effort to increase the value of its finance platform and deepen customer relationships. Workday broadens cash-cycle automation Workday extends credit access
• Positive Sentiment: Workday was named a Market Shaper in Gartner’s 2026 emerging-market quadrant for AI agents in human resources. The recognition may strengthen confidence in its AI strategy, which the company says is generating meaningful revenue. Workday Gartner AI agents recognition
• Neutral Sentiment: Some coverage argues WDAY is undervalued, with one report suggesting the stock remains substantially below estimated fair value. However, these valuation views have not offset concerns about execution and growth. Workday valuation analysis
• Negative Sentiment: Workday reportedly reduced its 2028 revenue-growth target as subscription momentum slows. Jefferies maintained a Hold rating and a $210 price target, citing the need for subscription growth to exceed 11% and noting that Workday’s projected Rule of 43 trails many large software peers. Workday cuts 2028 growth target
• Negative Sentiment: Reports highlight widening competition from SAP and Oracle, AI-related execution risks and the departure of three senior leaders. These issues raise questions about Workday’s ability to reaccelerate growth despite approximately $600 million in AI revenue. Workday AI and leadership challenges
• Negative Sentiment: Insiders, including CFO Zane Rowe, Gerrit Kazmaier, Robert Enslin and founder David Duffield, disclosed stock sales. Several were pre-arranged transactions for tax withholding, but Duffield’s roughly 99,228-share sale may still weigh on sentiment. A shareholder investigation announced by Kaskela Law adds another near-term overhang, although the notice does not establish wrongdoing. Workday shareholder investigation

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Freedom Broker lowered Workday from a “buy” rating to a “hold” rating and increased their target price for the stock from $180.00 to $200.00 in a report on Friday, August 28th. Robert W. Baird raised their price objective on Workday from $190.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Capital One Financial set a $219.00 target price on shares of Workday and gave the stock an “equal weight” rating in a research report on Friday, August 28th. CLSA assumed coverage on Workday in a research report on Monday, July 20th. They set an “underperform” rating and a $92.00 target price for the company. Finally, Jefferies Financial Group reduced their price objective on shares of Workday from $220.00 to $210.00 and set a “hold” rating on the stock in a research note on Thursday. Twenty equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $205.55.

About Workday

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.