Key Points
- David Duffield sold 107,500 shares of Workday at an average of $134.40 (~$14.45M) on March 2, cutting his stake by ~50% to 105,049 shares, a large insider sale disclosed in an SEC filing that may be read negatively by the market.
- Workday beat Q results, reporting $2.47 EPS vs. $2.32 expected and $2.53B revenue (up 14.5% YoY), with analysts projecting ~2.63 EPS for the current fiscal year.
- Several analysts have trimmed price targets (examples: Piper Sandler to $135, UBS to $130) though the consensus remains a "Moderate Buy" with an average target of $205.19; the stock is trading below its 50- and 200-day moving averages (opened $143.04 vs. 50DMA $174.95 and 200DMA $210.11).
Workday, Inc. (NASDAQ:WDAY - Get Free Report) major shareholder David Duffield sold 107,500 shares of the firm's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $134.40, for a total value of $14,448,000.00. Following the completion of the sale, the insider directly owned 105,049 shares of the company's stock, valued at $14,118,585.60. The trade was a 50.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Workday Stock Down 0.4%
Shares of NASDAQ:WDAY opened at $143.04 on Thursday. The stock has a 50 day moving average price of $174.95 and a 200-day moving average price of $210.11. The firm has a market capitalization of $37.62 billion, a P/E ratio of 55.44, a P/E/G ratio of 1.41 and a beta of 1.16. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.83 and a current ratio of 1.32. Workday, Inc. has a 52-week low of $117.76 and a 52-week high of $276.00.
Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, topping the consensus estimate of $2.32 by $0.15. Workday had a net margin of 7.26% and a return on equity of 13.37%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the firm posted $1.92 earnings per share. Workday's quarterly revenue was up 14.5% on a year-over-year basis. As a group, equities research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.
Institutional Investors Weigh In On Workday
Several large investors have recently bought and sold shares of the business. Brighton Jones LLC lifted its holdings in shares of Workday by 230.2% in the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker's stock valued at $1,033,000 after acquiring an additional 2,792 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Workday by 12.1% in the 1st quarter. Empowered Funds LLC now owns 11,142 shares of the software maker's stock valued at $2,602,000 after purchasing an additional 1,206 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Workday by 211.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker's stock worth $44,000 after purchasing an additional 127 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Workday in the 2nd quarter worth approximately $281,000. Finally, Bank of Montreal Can increased its position in shares of Workday by 25.9% during the 2nd quarter. Bank of Montreal Can now owns 384,034 shares of the software maker's stock valued at $92,168,000 after purchasing an additional 78,899 shares during the last quarter. Institutional investors own 89.81% of the company's stock.
Analysts Set New Price Targets
WDAY has been the subject of several recent analyst reports. Piper Sandler decreased their price target on Workday from $200.00 to $135.00 and set a "neutral" rating for the company in a research note on Wednesday, February 25th. Macquarie Infrastructure restated a "buy" rating on shares of Workday in a research note on Wednesday, November 26th. UBS Group dropped their price target on shares of Workday from $170.00 to $130.00 and set a "neutral" rating on the stock in a report on Wednesday, February 25th. The Goldman Sachs Group decreased their price objective on shares of Workday from $238.00 to $206.00 and set a "neutral" rating for the company in a report on Wednesday, February 25th. Finally, BTIG Research lowered their price objective on shares of Workday from $230.00 to $175.00 and set a "buy" rating on the stock in a research report on Wednesday, February 25th. Twenty equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat, Workday currently has a consensus rating of "Moderate Buy" and an average target price of $205.19.
Get Our Latest Report on WDAY
Key Headlines Impacting Workday
Here are the key news stories impacting Workday this week:
- Positive Sentiment: Jim Cramer praised Workday’s new CEO as “terrific,” a positive media endorsement that can boost investor sentiment and short-term demand for WDAY. Jim Cramer Considers Workday’s New CEO “Terrific”
- Positive Sentiment: Recent sessions saw sharp bargain-hunting after a prior selloff, with Workday rallying ~7% on buying interest — technical/flow-driven upside that can attract momentum and short-covering. Workday (WDAY) Climbs 7.2% on Bargain-Hunting
- Neutral Sentiment: Broader market jitters — stubborn inflation and higher-for-longer rate expectations — remain a headwind for growth/software stocks; this macro backdrop could cap upside even as bargain-hunting drives short-term rallies. US Stock Market Today S&P 500 Futures Edge Lower On Stubborn Inflation Jitters
- Neutral Sentiment: Competition note: Fortune reports French AI startup Pigment approaching $100M ARR and targeting planning/analytics customers — a longer-term competitive development to monitor but not an immediate earnings threat. The French AI startup gunning for Workday, Oracle, and SAP
- Negative Sentiment: Major shareholder David A. Duffield sold 107,500 shares (~$14.45M) and cut his stake by ~50%, a large insider sale that can be read negatively by the market (reduced insider ownership and possible signal of liquidity/positioning). SEC Filing — Duffield Sale
- Negative Sentiment: Earlier commentary from Jim Cramer labeled Workday “an old favorite, but not anymore,” reflecting negative sentiment following February’s sharp pullback — a reminder that some influential voices remain skeptical. Jim Cramer on Workday: “An Old Favorite, But Not Anymore”
Workday Company Profile
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
