Workday (NASDAQ:WDAY) Major Shareholder David Duffield Sells 99,613 Shares of Company Stock

Workday, Inc. (NASDAQ:WDAY) major shareholder David Duffield sold 99,613 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $192.14, for a total value of $19,139,641.82. Following the sale, the insider owned 105,049 shares in the company, valued at approximately $20,184,114.86. The trade was a 48.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Workday Stock Performance

Shares of WDAY opened at $190.99 on Friday. Workday, Inc. has a one year low of $110.36 and a one year high of $249.85. The company has a 50-day moving average of $181.06 and a two-hundred day moving average of $147.67. The stock has a market cap of $46.03 billion, a price-to-earnings ratio of 38.74, a PEG ratio of 1.90 and a beta of 1.08. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91.

Workday (NASDAQ:WDAY) last released its quarterly earnings results 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. Workday had a net margin of 12.32% and a return on equity of 20.95%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the previous year, the business earned $2.21 earnings per share. The firm’s revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts expect that Workday, Inc. will post 5.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Canaccord Genuity Group lifted their price target on Workday from $200.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, August 25th. Barclays raised their price objective on Workday from $200.00 to $224.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. KeyCorp upped their target price on Workday from $158.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, August 28th. DA Davidson increased their price target on shares of Workday from $135.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, August 28th. Finally, Wells Fargo & Company raised their price target on shares of Workday from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, August 28th. Twenty investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $206.34.

Hedge Funds Weigh In On Workday

A number of hedge funds have recently added to or reduced their stakes in the company. Auto Owners Insurance Co grew 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 worth $2,197,332,000 after acquiring an additional 10,190,516 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Workday by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 5,091,926 shares of the software maker’s stock valued at $1,089,970,000 after purchasing an additional 75,922 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Workday by 101.4% in the 4th quarter. Janus Henderson Group PLC now owns 5,017,905 shares of the software maker’s stock valued at $1,077,537,000 after purchasing an additional 2,525,821 shares during the last quarter. Pictet Asset Management Holding SA lifted 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 purchasing an additional 223,493 shares during the last quarter. Finally, Norges Bank bought a new stake in Workday in the fourth quarter worth $448,804,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

More Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday launched Workday Total Benefits, a platform that brings employees’ health, wealth and wellbeing resources together in one place. The company also introduced an AI-powered self-service agent to provide personalized benefits guidance, potentially increasing customer engagement and expanding Workday’s value within human-capital-management software. Workday Launches Workday Total Benefits and Introduces Benefits Guidance Through Self-Service Agent
• Positive Sentiment: Workday expanded its payroll ecosystem through integrations with Cash App and Experian. Eligible U.S. employees will be able to direct paychecks to Cash App, while verification capabilities may improve payroll onboarding and account validation. The partnerships could strengthen Workday’s payroll offering and support additional customer adoption. Workday Expands Payroll and Verification Ecosystem Through Cash App and Experian Integrations
• Positive Sentiment: Commentary argues that Workday could be substantially undervalued following its latest quarterly earnings beat and new payroll deals. The thesis highlights continued revenue growth, earnings upside and a broader payroll opportunity, although the 65% valuation estimate is an analyst opinion rather than company guidance. Workday Could Be 65% Undervalued
• Neutral Sentiment: Reports discussing Workday’s AI benefits hub and partner network suggest these initiatives may reinforce the long-term bullish case, but they do not provide a new financial forecast or confirmed near-term revenue impact. Does Workday’s New AI Benefits Hub Reshape the Bull Case?
• Neutral Sentiment: Reported short interest was zero shares as of September 24, offering no evidence of meaningful short-selling pressure or a potential short squeeze.
• Negative Sentiment: Major shareholder David Duffield sold 99,613 shares worth approximately $19.1 million, reducing his position by nearly 49%. The transaction was made under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a discretionary bearish signal, but the sale may still pressure investor sentiment. SEC Filing

About Workday

Workday, Inc develops cloud-based enterprise software designed to help organizations manage finance, human resources and related business operations. Its platform provides tools for financial management, accounting, procurement, expenses, payroll, workforce management, recruiting, talent management, employee experience and enterprise planning.

The company also offers analytics, reporting and artificial intelligence capabilities that support budgeting, forecasting, workforce planning and business decision-making.