Workday (NASDAQ:WDAY) Major Shareholder Sells $17,738,026.02 in Stock

Workday, Inc. (NASDAQ:WDAY) major shareholder David Duffield sold 75,053 shares of the business’s stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $236.34, for a total transaction of $17,738,026.02. Following the completion of the sale, the insider owned 102,997 shares in the company, valued at approximately $24,342,310.98. This trade represents a 42.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Workday Stock Performance

Shares of WDAY opened at $233.18 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10. The firm’s 50 day moving average is $230.35 and its 200-day moving average is $236.82. Workday, Inc. has a 12-month low of $205.33 and a 12-month high of $294.00. The stock has a market capitalization of $62.26 billion, a P/E ratio of 107.95, a P/E/G ratio of 2.91 and a beta of 1.10.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.12. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Workday had a net margin of 6.51% and a return on equity of 9.74%. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the firm posted $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Equities research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WDAY has been the topic of a number of recent analyst reports. Bank of America cut their target price on Workday from $295.00 to $278.00 and set a “buy” rating on the stock in a research report on Tuesday, August 19th. Citigroup reduced their price objective on shares of Workday from $279.00 to $260.00 and set a “neutral” rating for the company in a research note on Friday, August 22nd. Oppenheimer decreased their target price on shares of Workday from $300.00 to $270.00 and set an “outperform” rating for the company in a report on Friday, August 22nd. Barclays boosted their price target on shares of Workday from $285.00 to $288.00 and gave the company an “overweight” rating in a report on Thursday, September 18th. Finally, KeyCorp decreased their price objective on shares of Workday from $325.00 to $285.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $287.83.

Hedge Funds Weigh In On Workday

Several institutional investors and hedge funds have recently modified their holdings of the stock. Rakuten Securities Inc. purchased a new position in Workday in the second quarter valued at about $25,000. Cornerstone Planning Group LLC raised its stake in shares of Workday by 76.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock worth $28,000 after purchasing an additional 54 shares in the last quarter. Dagco Inc. purchased a new stake in shares of Workday during the 1st quarter worth about $31,000. Berbice Capital Management LLC lifted its holdings in shares of Workday by 136.4% during the 2nd quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock valued at $31,000 after buying an additional 75 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. bought a new stake in shares of Workday in the 1st quarter valued at approximately $32,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

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.