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

Posted by Stanley Muller on Jul 1st, 2026

Workday, Inc. (NASDAQ:WDAY – Get Free Report) major shareholder David Duffield sold 107,500 shares of Workday stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $122.04, for a total value of $13,119,300.00. Following the completion of the transaction, the insider owned 105,049 shares of the company’s stock, valued at approximately $12,820,179.96. This trade represents a 50.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 transactions with the SEC.

Workday Trading Up 6.4%

NASDAQ:WDAY traded up $7.85 during midday trading on Wednesday, hitting $130.27. 3,563,428 shares of the company traded hands, compared to its average volume of 5,208,140. The firm’s fifty day moving average is $127.41 and its 200-day moving average is $151.23. Workday, Inc. has a 12-month low of $110.36 and a 12-month high of $249.85. The firm has a market capitalization of $32.18 billion, a P/E ratio of 40.71, a P/E/G ratio of 1.32 and a beta of 1.09. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30.

Workday (NASDAQ:WDAY – Get Free Report) last issued its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.15. Workday had a return on equity of 14.75% and a net margin of 8.60%.The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the company earned $2.23 earnings per share. Workday’s revenue was up 13.5% on a year-over-year basis. On average, sell-side analysts predict that Workday, Inc. will post 5.34 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rakuten Securities Inc. purchased a new stake in Workday during the second quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Workday in the third quarter worth $26,000. JPL Wealth Management LLC purchased a new position in Workday in the 3rd quarter worth $30,000. DT Investment Partners LLC purchased a new stake in Workday in the fourth quarter valued at approximately $27,000. Finally, LRI Investments LLC purchased a new stake in Workday in the fourth quarter valued at approximately $29,000. Institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. William Blair raised Workday to a “strong-buy” rating in a research note on Friday, May 22nd. Summit Redstone set a $275.00 price target on Workday in a research note on Wednesday, May 27th. UBS Group upped their price objective on Workday from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Wolfe Research reaffirmed an “outperform” rating and issued a $160.00 price objective on shares of Workday in a research report on Friday, May 22nd. Finally, Loop Capital set a $210.00 target price on Workday in a research report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.00.

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About Workday

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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.