Insider Selling: Workday (NASDAQ:WDAY) Insider Sells 5,374 Shares of Stock

Workday, Inc. (NASDAQ:WDAY – Get Free Report) insider Robert Enslin sold 5,374 shares of the firm’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $187.00, for a total transaction of $1,004,938.00. Following the completion of the transaction, the insider directly owned 226,233 shares in the company, valued at $42,305,571. This trade represents a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.

Workday Price Performance

Shares of WDAY stock traded down $2.29 during trading hours on Wednesday, reaching $184.26. The company had a trading volume of 1,519,182 shares, compared to its average volume of 4,756,018. Workday, Inc. has a 12-month low of $110.36 and a 12-month high of $247.40. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $44.41 billion, a price-to-earnings ratio of 37.38, a PEG ratio of 1.89 and a beta of 1.07. The stock has a fifty day moving average of $188.46 and a 200-day moving average of $150.56.

Workday (NASDAQ:WDAY – Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The software maker reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.61 by $0.14. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.64 billion. Workday had a return on equity of 20.95% and a net margin of 12.32%.The firm’s revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.21 earnings per share. On average, equities analysts anticipate that Workday, Inc. will post 5.33 earnings per share for the current year.

Institutional Trading of Workday

A number of hedge funds and other institutional investors have recently modified their holdings of WDAY. Auto Owners Insurance Co lifted its position in Workday by 25,412.8% in the fourth quarter. Auto Owners Insurance Co now owns 10,230,616 shares of the software maker’s stock valued at $2,197,332,000 after buying an additional 10,190,516 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Workday by 101.4% during the fourth quarter. Janus Henderson Group PLC now owns 5,017,905 shares of the software maker’s stock valued at $1,077,537,000 after acquiring an additional 2,525,821 shares during the last quarter. Brown Advisory Inc. increased its position in shares of Workday by 39.7% during the fourth quarter. Brown Advisory Inc. now owns 1,709,736 shares of the software maker’s stock valued at $367,217,000 after acquiring an additional 486,008 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Workday by 8.7% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,803,568 shares of the software maker’s stock valued at $364,217,000 after acquiring an additional 223,493 shares during the period. Finally, Van ECK Associates Corp raised its stake in shares of Workday by 10.2% in the 4th quarter. Van ECK Associates Corp now owns 1,559,835 shares of the software maker’s stock valued at $335,021,000 after acquiring an additional 144,833 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WDAY. Piper Sandler boosted their price target on shares of Workday from $145.00 to $190.00 and gave the company a “neutral” rating in a research report on Friday, August 28th. UBS Group set a $230.00 price objective on shares of Workday in a research report on Friday, August 28th. Morgan Stanley lifted their target price on shares of Workday from $145.00 to $180.00 and gave the stock an “underweight” rating in a research note on Friday, August 28th. Wall Street Zen upgraded shares of Workday from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Finally, BMO Capital Markets increased their price target on shares of Workday from $182.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, August 28th. Twenty equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $206.34.

Read Our Latest Research Report on WDAY

Workday Company Profile

(Get Free Report)

Workday, Inc develops cloud-based enterprise software for managing an organization’s people, finances and operations. Its platform is primarily used by businesses, government agencies and educational institutions to support human resources, finance, planning, analytics and related administrative processes.

The company’s offerings include Workday Human Capital Management, Financial Management, Adaptive Planning, Spend Management, payroll, recruiting, talent management, learning and workforce analytics.

Further Reading

Insider Buying and Selling by Quarter for Workday (NASDAQ:WDAY)

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