Workday (NASDAQ:WDAY) Major Shareholder David Duffield Sells 107,500 Shares

Posted by George Bondi on Jun 9th, 2026

Workday, Inc. (NASDAQ:WDAY – Get Free Report) major shareholder David Duffield sold 107,500 shares of the firm’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 transaction, the insider directly owned 105,049 shares in the company, valued at approximately $15,711,128.44. The trade was a 50.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 Price Performance

Shares of WDAY stock opened at $143.76 on Tuesday. Workday, Inc. has a 52-week low of $110.36 and a 52-week high of $257.09. The stock has a market cap of $35.51 billion, a PE ratio of 44.93, a PEG ratio of 1.52 and a beta of 1.09. 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 firm’s 50 day moving average price is $127.56 and its two-hundred day moving average price is $162.04.

Workday (NASDAQ:WDAY – Get Free Report) last announced its quarterly earnings data 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. Workday had a net margin of 8.60% and a return on equity of 14.75%. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the firm earned $2.23 earnings per share. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, analysts forecast that Workday, Inc. will post 5.41 EPS for the current year.

Institutional Investors Weigh In On Workday

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Workday by 14.7% during the fourth quarter. Vanguard Group Inc. now owns 25,009,288 shares of the software maker’s stock worth $5,371,495,000 after acquiring an additional 3,210,232 shares during the period. Auto Owners Insurance Co raised its holdings in shares of Workday by 25,412.8% during the fourth quarter. Auto Owners Insurance Co now owns 10,230,616 shares of the software maker’s stock worth $2,197,332,000 after acquiring an additional 10,190,516 shares during the period. State Street Corp raised its holdings in shares of Workday by 1.0% during the fourth quarter. State Street Corp now owns 9,770,707 shares of the software maker’s stock worth $2,098,552,000 after acquiring an additional 96,139 shares during the period. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Workday by 47.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,842,491 shares of the software maker’s stock worth $1,406,463,000 after acquiring an additional 1,882,391 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Workday by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 5,091,926 shares of the software maker’s stock worth $1,089,970,000 after acquiring an additional 75,922 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on WDAY shares. Guggenheim reduced their price objective on shares of Workday from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. KeyCorp increased their target price on shares of Workday from $155.00 to $158.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. JPMorgan Chase & Co. cut their target price on shares of Workday from $270.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday, February 24th. BTIG Research reiterated a “buy” rating and issued a $175.00 target price on shares of Workday in a report on Monday, May 18th. Finally, Cantor Fitzgerald cut their target price on shares of Workday from $200.00 to $160.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and an average price target of $185.03.

View Our Latest Stock Analysis on Workday

Workday Company Profile

(Get Free Report)

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.