Key Points
- Robert Enslin sold 5,373 shares on April 6 at an average price of $129.41 (about $695,320) under a pre‑arranged Rule 10b5‑1 plan to cover tax withholding, trimming his holding by 3.15% to 165,414 shares (≈$21.4M).
- Other insiders — most notably David Duffield (≈107,500 shares) — also executed sizable 10b5‑1 or tax‑related sales, contributing to near‑term selling pressure while WDAY trades in the mid‑$120s and was down ~1.7%.
- Fundamentals remain solid: Workday beat quarterly EPS and revenue estimates (Q: $2.47 EPS vs. $2.32 expected; revenue $2.53B, +14.5% YoY), and analysts maintain a consensus “Moderate Buy” with a target near $199.71.
Workday, Inc. (NASDAQ:WDAY - Get Free Report) insider Robert Enslin sold 5,373 shares of the firm's stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $129.41, for a total transaction of $695,319.93. Following the completion of the transaction, the insider owned 165,414 shares of the company's stock, valued at approximately $21,406,225.74. This trade represents a 3.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 Down 1.7%
Shares of NASDAQ WDAY opened at $127.51 on Wednesday. The company has a 50 day simple moving average of $142.40 and a 200 day simple moving average of $194.04. The firm has a market cap of $32.77 billion, a PE ratio of 49.42, a price-to-earnings-growth ratio of 1.28 and a beta of 1.14. Workday, Inc. has a 1 year low of $117.76 and a 1 year high of $276.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.32 and a quick ratio of 1.32.
Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the business earned $1.92 EPS. The firm's quarterly revenue was up 14.5% on a year-over-year basis. On average, research analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.
Institutional Trading of Workday
Several large investors have recently modified their holdings of WDAY. Auto Owners Insurance Co grew its position in shares of Workday by 25,412.8% during the 4th quarter. Auto Owners Insurance Co now owns 10,230,616 shares of the software maker's stock worth $2,197,332,000 after buying an additional 10,190,516 shares during the period. Vanguard Group Inc. grew its position in shares of Workday by 14.7% during the 4th quarter. Vanguard Group Inc. now owns 25,009,288 shares of the software maker's stock worth $5,371,495,000 after buying an additional 3,210,232 shares during the period. Janus Henderson Group PLC grew its position in 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 period. First Eagle Investment Management LLC acquired a new stake in Workday in the 3rd quarter valued at $556,252,000. Finally, Norges Bank acquired a new stake in Workday in the 4th quarter valued at $448,804,000. Institutional investors and hedge funds own 89.81% of the company's stock.
Key Headlines Impacting Workday
Here are the key news stories impacting Workday this week:
- Positive Sentiment: Workday was named a Leader in the 2026 Gartner Magic Quadrant for Higher Education Student Information Systems — a product endorsement that supports long‑term adoption at colleges and universities and underpins recurring revenue growth. Workday Named a Leader in 2026 Gartner® Magic Quadrant™ for Higher Education Student Information Systems
- Positive Sentiment: UST acquired Intecrowd, an award‑winning Workday partner that specializes in deployments and lifecycle support — consolidation among partners can expand implementation capacity and channel reach for Workday. UST Acquires Award‑Winning Workday Partner Intecrowd
- Neutral Sentiment: Market recaps note WDAY’s recent price pullback (mid‑$120s) versus broader market gains; these stories summarize price action but add little new company‑specific information. Workday (WDAY) Stock Sinks As Market Gains: Here's Why
- Negative Sentiment: Major shareholder David A. Duffield sold 107,500 shares (~$13.9M) under a pre‑arranged Rule 10b5‑1 plan, lowering his holding by ~50% — the size of the sale is notable and can pressure sentiment despite being pre‑planned. SEC filing: Duffield Form 4
- Negative Sentiment: Several insiders (CFO Zane Rowe, Robert Enslin, Gerrit Kazmaier) sold modest blocks of shares — reported as 10b5‑1 trades or sales to cover tax withholding on vested awards. These are typically less alarming but add to near‑term selling supply. Rowe Form 4 Enslin Form 4 Kazmaier Form 4
- Negative Sentiment: Media commentary (e.g., Jim Cramer) flagged Workday as a relative laggard in the Nasdaq 100 and advised caution — negative headlines from high‑profile commentators can amplify selling pressure even if they are opinion‑based. Jim Cramer on Workday
Wall Street Analysts Forecast Growth
Several research firms have issued reports on WDAY. Loop Capital set a $210.00 price target on shares of Workday in a report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Workday from $265.00 to $190.00 and set a "buy" rating for the company in a report on Wednesday, February 18th. TD Cowen lowered shares of Workday from a "buy" rating to a "hold" rating and set a $155.00 price target for the company. in a report on Wednesday, February 25th. Oppenheimer lowered their price target on shares of Workday from $200.00 to $165.00 and set an "outperform" rating for the company in a report on Wednesday, February 25th. Finally, BMO Capital Markets lowered their price target on shares of Workday from $204.00 to $182.00 and set an "outperform" rating for the company in a report on Wednesday, February 25th. Nineteen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $199.71.
Read Our Latest Analysis on WDAY
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.
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