Workday, Inc. (NASDAQ:WDAY – Get Free Report) major shareholder David Duffield sold 98,446 shares of Workday stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $187.07, for a total value of $18,416,293.22. Following the completion of the transaction, the insider owned 105,049 shares of the company’s stock, valued at approximately $19,651,516.43. The trade was a 48.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 stock are required to disclose their sales and purchases with the SEC.
Workday Stock Down 1.2%
Shares of Workday stock opened at $184.26 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The business’s 50 day simple moving average is $188.79 and its 200-day simple moving average is $150.92. The stock has a market capitalization of $44.41 billion, a price-to-earnings ratio of 37.38, a PEG ratio of 1.87 and a beta of 1.07. Workday, Inc. has a twelve month low of $110.36 and a twelve month high of $247.40.
Workday (NASDAQ:WDAY – Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $0.14. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.64 billion. Workday had a return on equity of 20.95% and a net margin of 12.32%.The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.21 EPS. Equities research analysts forecast that Workday, Inc. will post 5.33 earnings per share for the current year.
Analyst Upgrades and Downgrades
View Our Latest Stock Report on Workday
Workday News Summary
Here are the key news stories impacting Workday this week:
- Positive Sentiment: Workday continues to receive favorable attention from growth and momentum screens, reflecting its earnings performance, cloud-software position and longer-term operating momentum. Here’s Why Workday is a Strong Momentum Stock Here’s Why Workday is a Strong Growth Stock
- Neutral Sentiment: CFO Zane Rowe sold 6,000 shares, while insiders Gerrit Kazmaier and Robert Enslin sold 2,729 and 5,374 shares, respectively. Each transaction was made under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards, reducing the likelihood that the sales signal a change in business outlook. Workday CFO Form 4 Filing
- Negative Sentiment: Major shareholder David Duffield sold 99,228 shares worth approximately $18.6 million, cutting his reported position by nearly half. Although the sale was also executed under a 10b5-1 plan, its size may weigh on sentiment and increase near-term supply of WDAY shares. A previously reported sale of 98,446 shares adds to the recent selling narrative. David Duffield Workday Form 4 Filing
- Negative Sentiment: Workday underperformed the broader market in the latest session, suggesting investors remain cautious despite recent earnings beats. The stock’s valuation remains elevated at roughly 37 times earnings, leaving less room for disappointment in growth or guidance. Why Workday Dipped More Than the Broader Market
Hedge Funds Weigh In On Workday
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Western Wealth Management LLC acquired a new stake in shares of Workday in the 1st quarter worth approximately $39,000. Manning & Napier Advisors LLC acquired a new position in shares of Workday during the second quarter valued at approximately $42,000. Elevation Wealth Partners LLC increased its stake in shares of Workday by 1,097.0% during the second quarter. Elevation Wealth Partners LLC now owns 395 shares of the software maker’s stock valued at $48,000 after acquiring an additional 362 shares during the period. Reflection Asset Management bought a new stake in Workday during the fourth quarter worth approximately $66,000. Finally, Parkside Financial Bank & Trust lifted its position in Workday by 26.3% in the second quarter. Parkside Financial Bank & Trust now owns 591 shares of the software maker’s stock worth $72,000 after purchasing an additional 123 shares during the period. Institutional investors own 89.81% of the company’s stock.
Workday Company Profile
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.
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