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

Posted by Brenda Bartman on Jun 11th, 2026

Workday, Inc. (NASDAQ:WDAY – Get Free Report) major shareholder David Duffield sold 107,500 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $138.32, for a total value of $14,869,400.00. Following the completion of the sale, the insider directly owned 105,049 shares of the company’s stock, valued at approximately $14,530,377.68. This represents a 50.58% decrease in their position. The transaction 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 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Workday Price Performance

Shares of NASDAQ:WDAY traded down $6.94 during midday trading on Thursday, hitting $130.53. The company had a trading volume of 5,879,474 shares, compared to its average volume of 5,415,018. Workday, Inc. has a twelve month low of $110.36 and a twelve month high of $253.54. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $32.24 billion, a price-to-earnings ratio of 40.79, a price-to-earnings-growth ratio of 1.46 and a beta of 1.09. The business’s 50-day simple moving average is $128.06 and its 200-day simple moving average is $160.89.

Workday (NASDAQ:WDAY – Get Free Report) last posted its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 EPS for the quarter, beating the consensus estimate of $2.51 by $0.15. Workday had a return on equity of 14.75% and a net margin of 8.60%.The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter 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. On average, research analysts predict that Workday, Inc. will post 5.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Cantor Fitzgerald cut their price target on Workday from $200.00 to $160.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. KeyCorp increased their price objective on Workday from $155.00 to $158.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Barclays upgraded Workday from an “overweight” rating to a “buy” rating in a research report on Friday, May 22nd. Wells Fargo & Company increased their price objective on Workday from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Finally, Wall Street Zen upgraded Workday from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and an average price target of $185.03.

Get Our Latest Research Report on Workday

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Finivi Inc. boosted its holdings in Workday by 3.3% in the third quarter. Finivi Inc. now owns 1,516 shares of the software maker’s stock valued at $365,000 after purchasing an additional 48 shares during the period. Strategic Investment Advisors MI boosted its holdings in Workday by 1.6% in the second quarter. Strategic Investment Advisors MI now owns 3,263 shares of the software maker’s stock valued at $777,000 after purchasing an additional 50 shares during the period. Legacy Financial Advisors Inc. boosted its holdings in Workday by 5.1% in the third quarter. Legacy Financial Advisors Inc. now owns 1,113 shares of the software maker’s stock valued at $268,000 after purchasing an additional 54 shares during the period. Sagespring Wealth Partners LLC boosted its holdings in Workday by 3.0% in the fourth quarter. Sagespring Wealth Partners LLC now owns 2,052 shares of the software maker’s stock valued at $441,000 after purchasing an additional 59 shares during the period. Finally, CVA Family Office LLC boosted its holdings in Workday by 35.3% in the fourth quarter. CVA Family Office LLC now owns 249 shares of the software maker’s stock valued at $53,000 after purchasing an additional 65 shares during the period. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

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.