Insider Selling: Workday (NASDAQ:WDAY) CFO Sells $862,200.00 in Stock

Workday, Inc. (NASDAQ:WDAY) CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $143.70, for a total transaction of $862,200.00. Following the completion of the sale, the chief financial officer owned 288,460 shares in the company, valued at $41,451,702. The trade was a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Stock Up 0.3%

WDAY stock opened at $138.34 on Friday. The firm has a market cap of $34.17 billion, a PE ratio of 43.23, a P/E/G ratio of 1.48 and a beta of 1.11. Workday, Inc. has a 12 month low of $110.36 and a 12 month high of $249.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a 50 day simple moving average of $129.45 and a 200 day simple moving average of $147.19.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.15. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.52 billion. Workday had a net margin of 8.60% and a return on equity of 14.75%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.23 earnings per share. Equities research analysts forecast that Workday, Inc. will post 5.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WDAY has been the subject of several analyst reports. Oppenheimer reaffirmed an “outperform” rating on shares of Workday in a report on Thursday, June 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of Workday in a research note on Wednesday, June 17th. Sanford C. Bernstein restated an “outperform” rating and set a $216.00 price objective on shares of Workday in a report on Friday, May 22nd. Monness Crespi & Hardt upgraded shares of Workday from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a report on Thursday, June 25th. Finally, William Blair upgraded shares of Workday to a “strong-buy” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $184.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Finivi Inc. boosted its stake in shares of Workday by 3.3% during the 3rd quarter. Finivi Inc. now owns 1,516 shares of the software maker’s stock valued at $365,000 after buying an additional 48 shares during the period. Strategic Investment Advisors MI increased its stake in shares of Workday by 1.6% in the second quarter. Strategic Investment Advisors MI now owns 3,263 shares of the software maker’s stock worth $777,000 after acquiring an additional 50 shares during the last quarter. Sagespring Wealth Partners LLC raised its holdings in shares of Workday by 3.0% during the fourth quarter. Sagespring Wealth Partners LLC now owns 2,052 shares of the software maker’s stock worth $441,000 after acquiring an additional 59 shares in the last quarter. CVA Family Office LLC raised its holdings in shares of Workday by 35.3% during the fourth quarter. CVA Family Office LLC now owns 249 shares of the software maker’s stock worth $53,000 after acquiring an additional 65 shares in the last quarter. Finally, Aspire Private Capital LLC boosted its position in Workday by 1.3% during the fourth quarter. Aspire Private Capital LLC now owns 5,560 shares of the software maker’s stock valued at $1,194,000 after purchasing an additional 71 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday was highlighted in fresh analysis suggesting the stock could be about 19% undervalued, with investors encouraged by its enterprise software growth and AI-related optimism. Workday (WDAY) Could Be 19% Undervalued After Risk Off Selling Hits Software
• Positive Sentiment: The company also appointed John Lombard to lead Asia Pacific growth, a move that could support international expansion and sales execution over time. Workday (WDAY) Appoints John Lombard To Lead Asia Pacific Growth
• Neutral Sentiment: Recent insider sales by executives Robert Enslin, Zane Rowe, and Gerrit Kazmaier may draw attention, but the disclosure indicates at least one sale was made under a pre-arranged trading plan for tax withholding, limiting the negative signal. Robert Enslin Sells 5,374 Shares of Workday (NASDAQ:WDAY) Stock
• Neutral Sentiment: Workday’s strong prior-quarter results still support the long-term story, with earnings and revenue both beating expectations and revenue rising 13.5% year over year.
• Negative Sentiment: Shares have also been weighed by a broader selloff in high-multiple software stocks after rising oil prices and bond yields pressured growth valuations, and Salesforce’s downgrade added to the sector weakness. Paycom, Workday, and Flywire Shares Are Falling, What You Need To Know
• Negative Sentiment: Another valuation check said Workday looks fairly valued despite AI optimism, suggesting the recent pullback may not have made the stock a clear bargain yet. Workday (WDAY) Stock Looks Fairly Valued Despite Fresh AI Growth Optimism

About Workday

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.