Insider Selling: Workday (NASDAQ:WDAY) Major Shareholder Sells 107,500 Shares of Stock

Posted by Brian Himes on Jul 7th, 2026

Workday, Inc. (NASDAQ:WDAY – Get Free Report) major shareholder David Duffield sold 107,500 shares of Workday stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $135.24, for a total transaction of $14,538,300.00. Following the completion of the transaction, the insider directly owned 105,049 shares of the company’s stock, valued at approximately $14,206,826.76. This trade represents a 50.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Workday Stock Performance

Shares of NASDAQ WDAY traded up $5.66 during midday trading on Tuesday, hitting $143.65. 5,902,128 shares of the company’s stock were exchanged, compared to its average volume of 5,196,063. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $35.48 billion, a PE ratio of 44.89, a price-to-earnings-growth ratio of 1.45 and a beta of 1.11. Workday, Inc. has a 12 month low of $110.36 and a 12 month high of $249.85. The company’s 50 day moving average price is $127.76 and its 200 day moving average price is $149.38.

Workday (NASDAQ:WDAY – Get Free Report) last posted its 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. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Workday had a net margin of 8.60% and a return on equity of 14.75%. Workday’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.23 EPS. As a group, analysts predict that Workday, Inc. will post 5.34 earnings per share for the current fiscal year.

Institutional Trading of Workday

Several institutional investors and hedge funds have recently modified their holdings of the business. Rakuten Securities Inc. acquired a new position in Workday during the second quarter worth about $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Workday during the 3rd quarter valued at approximately $26,000. DT Investment Partners LLC acquired a new position in Workday during the 4th quarter worth approximately $27,000. LRI Investments LLC bought a new position in Workday in the 4th quarter valued at approximately $29,000. Finally, JPL Wealth Management LLC bought a new position in Workday in the 3rd quarter valued at approximately $30,000. 89.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Piper Sandler boosted their price target on Workday from $135.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. TD Cowen reaffirmed a “hold” rating on shares of Workday in a report on Friday, May 22nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Workday in a research report on Friday, May 22nd. The Goldman Sachs Group decreased their price target on Workday from $206.00 to $151.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Workday in a research note on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $184.00.

Check Out Our Latest Stock Report on WDAY

About Workday

(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.