David A. Duffield Sells 56,000 Shares of Workday, Inc. (NASDAQ:WDAY) Stock

Workday, Inc. (NASDAQ:WDAY) major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $264.89, for a total value of $14,833,840.00. Following the completion of the sale, the insider now owns 843,000 shares in the company, valued at approximately $223,302,270. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Workday Price Performance

NASDAQ:WDAY opened at $255.64 on Friday. Workday, Inc. has a one year low of $174.25 and a one year high of $311.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a market cap of $67.49 billion, a PE ratio of 49.64, a P/E/G ratio of 6.44 and a beta of 1.32. The stock has a 50 day moving average price of $279.24 and a 200 day moving average price of $261.98.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, beating the consensus estimate of $1.47 by $0.10. Workday had a return on equity of 4.87% and a net margin of 19.02%. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter last year, the firm earned ($0.14) earnings per share. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. Equities research analysts expect that Workday, Inc. will post 1.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. JMP Securities reiterated a “market outperform” rating and set a $315.00 price target on shares of Workday in a research report on Tuesday, February 27th. Morgan Stanley lowered their price target on Workday from $335.00 to $330.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 27th. TheStreet upgraded Workday from a “c” rating to a “b-” rating in a research report on Monday, February 26th. KeyCorp increased their price target on Workday from $310.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Finally, The Goldman Sachs Group increased their price target on Workday from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $293.61.

Institutional Investors Weigh In On Workday

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SkyView Investment Advisors LLC acquired a new stake in Workday during the second quarter worth $66,000. Beacon Capital Management LLC increased its stake in Workday by 333.3% during the fourth quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock worth $25,000 after acquiring an additional 70 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in Workday by 1,750.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock worth $31,000 after acquiring an additional 105 shares during the last quarter. Sound Income Strategies LLC increased its stake in Workday by 74.2% during the first quarter. Sound Income Strategies LLC now owns 115 shares of the software maker’s stock worth $31,000 after acquiring an additional 49 shares during the last quarter. Finally, CVA Family Office LLC acquired a new stake in Workday during the fourth quarter worth $33,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Company Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.