Workday, Inc. $WDAY Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC decreased its holdings in Workday, Inc. (NASDAQ:WDAY) by 12.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 172,583 shares of the software maker’s stock after selling 24,352 shares during the quarter. Workday accounts for about 1.3% of Peregrine Capital Management LLC’s investment portfolio, making the stock its 16th largest position. Peregrine Capital Management LLC owned approximately 0.06% of Workday worth $41,546,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Brighton Jones LLC lifted its holdings in shares of Workday by 230.2% during the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock valued at $1,033,000 after purchasing an additional 2,792 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Workday by 77.2% during the first quarter. Advisors Asset Management Inc. now owns 939 shares of the software maker’s stock valued at $219,000 after buying an additional 409 shares in the last quarter. MBB Public Markets I LLC purchased a new stake in Workday during the first quarter valued at about $297,000. Empowered Funds LLC boosted its holdings in shares of Workday by 12.1% in the first quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock worth $2,602,000 after buying an additional 1,206 shares during the period. Finally, Anchor Investment Management LLC increased its position in shares of Workday by 3.5% in the first quarter. Anchor Investment Management LLC now owns 7,255 shares of the software maker’s stock worth $1,694,000 after acquiring an additional 245 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on WDAY shares. KeyCorp reduced their price target on shares of Workday from $285.00 to $260.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Loop Capital set a $280.00 target price on Workday in a report on Wednesday, December 10th. Evercore ISI raised their target price on Workday from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Cantor Fitzgerald reissued an “overweight” rating on shares of Workday in a research report on Wednesday, November 26th. Finally, Zacks Research downgraded Workday from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $281.59.

Workday News Summary

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday highlighted new customer wins and AI innovations aimed at retail and hospitality frontline workers, reinforcing demand in a high‑volume vertical and potential for subscription expansion. Workday Retail & Hospitality Momentum
• Positive Sentiment: Workday added the Paradox conversational ATS to its ecosystem, which uses AI to speed frontline hiring — a capability that can increase add‑on sales and stickiness for large employers. Paradox ATS Partnership
• Neutral Sentiment: Workday’s recent quarterly results showed revenue growth (~12.6% YoY) and an EPS beat; analysts remain mostly constructive (consensus “Moderate Buy”, avg PT ≈ $281.6), supporting mid/long‑term bullish views but valuation (high P/E) leaves limited margin for disappointment. MarketBeat Summary
• Negative Sentiment: CEO Carl Eschenbach sold 3,125 shares at about $210 — disclosed in Form 4 — which can be perceived as insiders taking profits and contributes to near‑term downward pressure. CEO Form 4
• Negative Sentiment: CFO Zane Rowe sold 6,000 shares (~$1.25M at ~$208.75), a modest cut in his stake that adds to the cluster of senior exec sales this week. CFO Form 4
• Negative Sentiment: Former executive/insider Robert Enslin sold 22,185 shares (~$4.66M), the largest single sale reported, which may weigh on sentiment given its size. Enslin Form 4
• Negative Sentiment: Gerrit S. Kazmaier sold ~3,759 shares (~$785k), and Richard H. Sauer sold 1,130 shares (~$237k), adding to the pattern of insider trimming this week. Kazmaier Form 4 Sauer Sale

Insider Transactions at Workday

In related news, CEO Carl M. Eschenbach sold 3,125 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $210.00, for a total transaction of $656,250.00. Following the transaction, the chief executive officer owned 17,097 shares of the company’s stock, valued at approximately $3,590,370. This trade represents a 15.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gerrit S. Kazmaier sold 6,547 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $218.77, for a total transaction of $1,432,287.19. Following the completion of the sale, the insider directly owned 111,353 shares of the company’s stock, valued at $24,360,695.81. This represents a 5.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 286,484 shares of company stock valued at $61,281,771 in the last ninety days. 19.31% of the stock is currently owned by insiders.

Workday Trading Down 0.6%

NASDAQ WDAY opened at $209.79 on Friday. The company has a market capitalization of $55.17 billion, a PE ratio of 88.15, a price-to-earnings-growth ratio of 2.38 and a beta of 1.14. Workday, Inc. has a 1-year low of $202.22 and a 1-year high of $283.68. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.34. The firm’s fifty day simple moving average is $220.50 and its 200-day simple moving average is $228.67.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.15. Workday had a return on equity of 10.50% and a net margin of 6.95%.The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the firm posted $1.89 EPS. The business’s revenue was up 12.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

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.