Workday, Inc. (NASDAQ:WDAY – Get Free Report) major shareholder David Duffield sold 94,961 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $199.29, for a total transaction of $18,924,777.69. Following the completion of the sale, the insider owned 105,049 shares of the company’s stock, valued at $20,935,215.21. This trade represents a 47.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Workday Stock Performance
WDAY opened at $195.79 on Friday. The firm has a market capitalization of $48.36 billion, a PE ratio of 39.71, a PEG ratio of 2.09 and a beta of 1.08. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. Workday, Inc. has a twelve month low of $110.36 and a twelve month high of $249.85. The firm’s 50-day moving average price is $166.01 and its 200 day moving average price is $142.61.
Workday (NASDAQ:WDAY – Get Free Report) last issued its earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.61 by $0.14. Workday had a return on equity of 20.95% and a net margin of 12.32%.The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period last year, the company earned $2.21 EPS. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, sell-side analysts expect that Workday, Inc. will post 5.3 EPS for the current fiscal year.
Hedge Funds Weigh In On Workday
Analysts Set New Price Targets
A number of research firms have commented on WDAY. BMO Capital Markets upped their price target on Workday from $182.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. DA Davidson raised their target price on Workday from $135.00 to $190.00 and gave the company a “neutral” rating in a report on Friday, August 28th. Jefferies Financial Group set a $220.00 price objective on shares of Workday in a research note on Friday, August 28th. Freedom Broker downgraded shares of Workday from a “buy” rating to a “hold” rating and boosted their price target for the stock from $180.00 to $200.00 in a research note on Friday, August 28th. Finally, Piper Sandler upped their price objective on Workday from $145.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, August 28th. Twenty investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $206.34.
View Our Latest Research Report on Workday
About Workday
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.
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