Workday (NASDAQ:WDAY) Shares Down 9.4% – Should You Sell?

Posted by Brenda Bartman on Aug 1st, 2026

Workday, Inc. (NASDAQ:WDAY – Get Free Report) was down 9.4% during trading on Thursday . The stock traded as low as $153.92 and last traded at $152.1840. Approximately 1,173,744 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 5,096,620 shares. The stock had previously closed at $168.01.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on WDAY shares. Citigroup restated a “market perform” rating on shares of Workday in a research note on Friday, May 22nd. Summit Redstone set a $275.00 price objective on Workday in a report on Wednesday, May 27th. Cantor Fitzgerald reissued an “overweight” rating on shares of Workday in a report on Wednesday, June 17th. HC Wainwright set a $140.00 target price on Workday in a research report on Wednesday, May 27th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Workday in a research note on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Workday has an average rating of “Moderate Buy” and an average price target of $179.80.

Check Out Our Latest Research Report on WDAY

Workday Price Performance

The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The firm has a market cap of $39.60 billion, a price-to-earnings ratio of 50.11, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11. The stock has a 50-day moving average of $136.31 and a two-hundred day moving average of $140.07.

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 for the quarter, topping analysts’ consensus estimates of $2.51 by $0.15. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Workday had a return on equity of 14.75% and a net margin of 8.60%.Workday’s revenue was up 13.5% on a year-over-year basis. During the same quarter last year, the business posted $2.23 EPS. On average, analysts anticipate that Workday, Inc. will post 5.38 EPS for the current year.

Insider Transactions at Workday

In other news, insider Robert Enslin sold 5,374 shares of Workday stock in a transaction that occurred on Sunday, July 5th. The shares were sold at an average price of $134.90, for a total value of $724,952.60. Following the transaction, the insider directly owned 239,469 shares of the company’s stock, valued at $32,304,368.10. This trade represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $143.70, for a total transaction of $862,200.00. Following the sale, the chief financial officer owned 288,460 shares in the company, valued at $41,451,702. This represents a 2.04% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 875,020 shares of company stock valued at $113,938,503 over the last ninety days. Corporate insiders own 18.64% of the company’s stock.

Institutional Trading of Workday

Several large investors have recently added to or reduced their stakes in the company. Annex Advisory Services LLC purchased a new stake in shares of Workday in the second quarter valued at $591,000. Tema ETFs LLC boosted its position in shares of Workday by 34.9% in the second quarter. Tema ETFs LLC now owns 4,515 shares of the software maker’s stock worth $553,000 after buying an additional 1,167 shares during the period. Handelsbanken Fonder AB grew its holdings in shares of Workday by 57.4% during the second quarter. Handelsbanken Fonder AB now owns 126,296 shares of the software maker’s stock valued at $15,461,000 after buying an additional 46,051 shares in the last quarter. Sapient Capital LLC purchased a new position in shares of Workday during the second quarter valued at $13,045,000. Finally, Fluent Financial LLC acquired a new position in Workday during the second quarter valued at $2,249,000. 89.81% of the stock is owned by institutional investors and hedge funds.

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.