Key Points
- On January 6 Richard Harry Sauer sold 1,130 shares of Workday at an average price of $210 for $237,300, leaving him with 85,398 shares valued at about $17.93 million (a 1.31% reduction).
- Notable insider selling occurred across management the same period — CEO Carl Eschenbach (3,125 shares, ~15.45% reduction), CFO Zane Rowe (6,000 shares, ~3.63%), and Robert Enslin (22,185 shares, ~17.26%) reported sizable disposals.
- Workday recently beat quarterly EPS ($2.32 vs. $2.17) with revenue up 12.6% year-over-year; the stock trades at a P/E of 88.7 with a $55.5 billion market cap and a consensus rating of Moderate Buy (average price target $281.59).
Workday, Inc. (NASDAQ:WDAY - Get Free Report) insider Richard Harry Sauer sold 1,130 shares of the business's stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $210.00, for a total transaction of $237,300.00. Following the transaction, the insider owned 85,398 shares of the company's stock, valued at approximately $17,933,580. This trade represents a 1.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Workday Trading Up 0.4%
NASDAQ:WDAY opened at $211.11 on Thursday. The stock has a market capitalization of $55.52 billion, a price-to-earnings ratio of 88.70, a PEG ratio of 2.37 and a beta of 1.14. Workday, Inc. has a 52 week low of $202.22 and a 52 week high of $283.68. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $220.97 and a 200 day moving average of $228.80.
Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.17 by $0.15. Workday had a return on equity of 10.50% and a net margin of 6.95%.The business had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the prior year, the firm posted $1.89 earnings per share. The business's quarterly revenue was up 12.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.
Trending Headlines about Workday
Here are the key news stories impacting Workday this week:
- Positive Sentiment: An independent intrinsic-value calculation suggests Workday may be materially undervalued versus fair value, implying upside for long-term investors if the assumptions hold. An Intrinsic Calculation For Workday, Inc. (NASDAQ:WDAY) Suggests It's 40% Undervalued
- Negative Sentiment: CEO Carl M. Eschenbach sold 3,125 shares at ~$210 (about $656k), reducing his stake ~15.45%; filing: CEO Form 4
- Negative Sentiment: CFO Zane Rowe sold 6,000 shares at ~$208.75 (~$1.25M), a ~3.63% cut to his holding; filing: CFO Form 4
- Negative Sentiment: Insider Robert Enslin sold 22,185 shares at ~$210.17 (~$4.66M), a 17.26% reduction in his position — the largest single sale reported. Filing: Enslin Form 4
- Negative Sentiment: Gerrit S. Kazmaier sold 3,759 shares at ~$208.73 (~$785k), trimming his stake ~3.45%; filing: Kazmaier Form 4
- Negative Sentiment: Richard H. Sauer sold 1,130 shares at $210 (~$237k), a 1.31% reduction; filing: Sauer Form 4
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on WDAY shares. Evercore ISI boosted their price target on Workday from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 17th. Guggenheim reiterated a "buy" rating and issued a $285.00 target price on shares of Workday in a research note on Wednesday, November 26th. DA Davidson cut their price target on shares of Workday from $260.00 to $250.00 and set a "hold" rating on the stock in a research note on Wednesday, November 26th. Citigroup decreased their price target on shares of Workday from $261.00 to $247.00 and set a "neutral" rating for the company in a report on Wednesday, November 26th. Finally, Citizens Jmp reissued a "market outperform" rating and set a $315.00 price objective on shares of Workday in a report on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, Workday has a consensus rating of "Moderate Buy" and an average price target of $281.59.
Get Our Latest Stock Report on WDAY
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rakuten Securities Inc. purchased a new stake in Workday in the second quarter valued at $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Workday in the 3rd quarter valued at about $26,000. JPL Wealth Management LLC acquired a new position in shares of Workday in the 3rd quarter valued at about $30,000. Berbice Capital Management LLC boosted its stake in shares of Workday by 136.4% in the second quarter. Berbice Capital Management LLC now owns 130 shares of the software maker's stock worth $31,000 after buying an additional 75 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in Workday by 2,216.7% during the second quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker's stock worth $33,000 after acquiring an additional 133 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.
About Workday
(
Get Free Report)
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.
Further Reading
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