Workday Inc (WDAY) CEO Sells $7,525,500.00 in Stock
Workday Inc (NASDAQ:WDAY) CEO Aneel Bhusri sold 75,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $100.34, for a total value of $7,525,500.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Aneel Bhusri also recently made the following trade(s):
- On Monday, October 16th, Aneel Bhusri sold 11,163 shares of Workday stock. The shares were sold at an average price of $107.51, for a total value of $1,200,134.13.
Shares of Workday Inc (NASDAQ:WDAY) opened at $104.20 on Friday. Workday Inc has a twelve month low of $65.79 and a twelve month high of $116.89. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.74.
Workday (NASDAQ:WDAY) last released its quarterly earnings data on Wednesday, November 29th. The software maker reported $0.24 EPS for the quarter, topping the consensus estimate of $0.14 by $0.10. Workday had a negative return on equity of 19.73% and a negative net margin of 16.91%. The company had revenue of $555.40 million during the quarter, compared to the consensus estimate of $541.05 million. During the same period last year, the company earned $0.03 EPS. Workday’s revenue for the quarter was up 35.6% on a year-over-year basis. sell-side analysts predict that Workday Inc will post -1.12 EPS for the current fiscal year.
Several brokerages have commented on WDAY. TheStreet raised Workday from a “d+” rating to a “c” rating in a research report on Wednesday, November 29th. Barclays raised their price target on Workday from $108.00 to $117.00 and gave the company an “equal weight” rating in a report on Friday, November 17th. Credit Suisse Group restated a “neutral” rating and set a $94.00 price target on shares of Workday in a report on Sunday, August 27th. Deutsche Bank restated a “hold” rating and set a $105.00 price target (up from $95.00) on shares of Workday in a report on Thursday, August 31st. Finally, Drexel Hamilton restated a “buy” rating and set a $133.00 price target on shares of Workday in a report on Wednesday, November 29th. Four research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $103.03.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WDAY. Renaissance Technologies LLC bought a new stake in Workday in the 2nd quarter worth about $117,209,000. Janus Henderson Group PLC boosted its position in Workday by 6,210.6% in the second quarter. Janus Henderson Group PLC now owns 1,038,153 shares of the software maker’s stock worth $100,701,000 after purchasing an additional 1,021,702 shares during the last quarter. Vanguard Group Inc. boosted its position in Workday by 8.5% in the second quarter. Vanguard Group Inc. now owns 10,782,861 shares of the software maker’s stock worth $1,045,937,000 after purchasing an additional 846,809 shares during the last quarter. Balyasny Asset Management LLC boosted its position in Workday by 492.8% in the second quarter. Balyasny Asset Management LLC now owns 383,164 shares of the software maker’s stock worth $37,167,000 after purchasing an additional 318,523 shares during the last quarter. Finally, AO Asset Management LLC purchased a new position in Workday in the second quarter worth about $26,306,000. Institutional investors own 67.58% of the company’s stock.
Workday Company Profile
Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.
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