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

Workday, Inc. (NASDAQ:WDAY) major shareholder David Duffield sold 107,500 shares of the company’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $129.60, for a total transaction of $13,932,000.00. Following the completion of the transaction, the insider owned 105,049 shares in the company, valued at $13,614,350.40. This trade represents a 50.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Workday Stock Performance

Shares of WDAY stock traded down $2.21 on Tuesday, hitting $127.51. The company’s stock had a trading volume of 2,572,215 shares, compared to its average volume of 5,018,963. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.32. The stock’s 50 day moving average is $143.62 and its 200-day moving average is $194.79. Workday, Inc. has a fifty-two week low of $117.76 and a fifty-two week high of $276.00. The company has a market capitalization of $32.77 billion, a PE ratio of 49.42, a PEG ratio of 1.28 and a beta of 1.14.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, beating the consensus estimate of $2.32 by $0.15. Workday had a net margin of 7.26% and a return on equity of 13.37%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the company posted $1.92 earnings per share. Workday’s revenue was up 14.5% compared to the same quarter last year. Equities research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WDAY. BMO Capital Markets reduced their price objective on shares of Workday from $204.00 to $182.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Loop Capital set a $210.00 price objective on shares of Workday in a research note on Thursday, March 12th. Wall Street Zen upgraded shares of Workday from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Stifel Nicolaus set a $175.00 price objective on shares of Workday in a research note on Monday, February 9th. Finally, Morgan Stanley reduced their price objective on shares of Workday from $280.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Monday, February 23rd. Nineteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.71.

Hedge Funds Weigh In On Workday

A number of institutional investors have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC bought a new position in Workday in the 3rd quarter valued at approximately $556,252,000. PKO Investment Management Joint Stock Co bought a new position in Workday in the 3rd quarter valued at approximately $1,805,000. Phoenix Financial Ltd. bought a new position in Workday in the 3rd quarter valued at approximately $2,000,000. Rakuten Investment Management Inc. bought a new position in Workday in the 3rd quarter valued at approximately $124,718,000. Finally, EULAV Asset Management raised its holdings in Workday by 69.4% in the 3rd quarter. EULAV Asset Management now owns 61,000 shares of the software maker’s stock valued at $14,685,000 after buying an additional 25,000 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday was named a Leader in the 2026 Gartner Magic Quadrant for Higher Education Student Information Systems — a product endorsement that supports long‑term adoption at colleges and universities and underpins recurring revenue growth. Workday Named a Leader in 2026 Gartner® Magic Quadrant™ for Higher Education Student Information Systems
• Positive Sentiment: UST acquired Intecrowd, an award‑winning Workday partner that specializes in deployments and lifecycle support — consolidation among partners can expand implementation capacity and channel reach for Workday. UST Acquires Award‑Winning Workday Partner Intecrowd
• Neutral Sentiment: Market recaps note WDAY’s recent price pullback (mid‑$120s) versus broader market gains; these stories summarize price action but add little new company‑specific information. Workday (WDAY) Stock Sinks As Market Gains: Here’s Why
• Negative Sentiment: Major shareholder David A. Duffield sold 107,500 shares (~$13.9M) under a pre‑arranged Rule 10b5‑1 plan, lowering his holding by ~50% — the size of the sale is notable and can pressure sentiment despite being pre‑planned. SEC filing: Duffield Form 4
• Negative Sentiment: Several insiders (CFO Zane Rowe, Robert Enslin, Gerrit Kazmaier) sold modest blocks of shares — reported as 10b5‑1 trades or sales to cover tax withholding on vested awards. These are typically less alarming but add to near‑term selling supply. Rowe Form 4 Enslin Form 4 Kazmaier Form 4
• Negative Sentiment: Media commentary (e.g., Jim Cramer) flagged Workday as a relative laggard in the Nasdaq 100 and advised caution — negative headlines from high‑profile commentators can amplify selling pressure even if they are opinion‑based. Jim Cramer 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.